Best Month To Buy New Car – Image via kiadealersnj.com
Best Month To Buy New Car – As a car-loving person, I am often asked when is the best time to buy a new or used car. The answer is very complex. After a thorough investigation, I knew it was not only the best time to buy a new or used car, but I narrowed it down to the moon and even the best day to buy a car. Seven important tips for buying a car are not limited to just the time, but also when is the best time to buy a new car compared to a used car. We also provide the main pitfalls to avoid when making a purchase.
Whether you are just starting your search or ready to buy a car tomorrow, read seven tips on when (and what) to buy – and what to avoid.
1. Some days are better than others
Good news for those of you who are passionate out there, we are in a very deep position at the best time to buy a car now. Black Friday sales and holiday season are not just for transactions on TV and clothing, according to Cars.com. This is also one of the best times to buy a car. That’s why you heard about Lexus December to Remember and Subaru’s Share the Love this time of year. Manufacturers are actively trying to get you to buy a car.
By the end of this year you have a lot of dealers who are fighting over in many areas. Towards the end of the month, dealers are always trying to make their monthly sales figures. They are usually more likely to cut your car buying deal to achieve their sales targets when they know they are just a few cars.
2. Pay attention to the final agreement of the quarter
Not only the last few days of the month are great but if the month happens at the end of the quarter it could be one of the cheapest time to buy a car. It’s really kicking a notch at the end of the year. There is no tomorrow for you to buy a car. Dealers want the metal to be moved before next year.
There is one thing the old model must have when the new model comes out. There is another thing to have an old model in the parking lot when the new year has started. This can lead to desperation for dealers who still hold the new car from the previous year’s model. It makes the last week in December arguably the best time to buy a new car. You might even want to buy your own car for Christmas, according to Time.com. So why not treat yourself in this holiday season?
But what if you are not ready to buy a car when the best time to buy a car? Does that mean buying a car have to wait all year? Absolutely not. There are other times that are in the top rank with the best time to buy a car. You can always go to the end of the month or the end of the quarter. However, dealers always offer car buying and selling all year round.
3. Take advantage of 3-day weekend deals
One of the best times to buy a car is during the three weekend holidays, according to Edmunds. Think of President’s Day, Commemoration Day, July 4 and Day of Labor Day sales. This can be a great time for new car deals, but it may be the best time to buy a used car. Think about this holiday season. President’s Day is in the middle of winter, Memorial Day begins in summer and Labor Day marks the end of summer. There are several types of used cars that do not want to be kept by many dealers and pay attention to depreciation.
Looking for a truck or four-wheel-drive SUV? Maybe you should think to buy a car like this around Memorial Day because summer will start soon. Sports and convertible cars? The tip of buying a car for them is to buy it in the middle of winter. Who wants to buy a new car and keep it in the garage for four months before driving it? Summer has much to do with used car prices.
4. Buy during auto show
If you want to buy a new car rather than a used car, you can also get a lot of things during special events like auto show sales. If you live in an area where auto shows come to town, dealers will likely have a deal, making it one of the best times to buy a car. They will offer large cash-back incentives, low APR financing, and special rentals. And if you have a car show in your area, check it out for yourself. You will have a giant showroom of all new cars from different brands to compare. Growing up in Chicago, going to a car show was like a second Christmas for me.
Rethinking the dealer’s need to get the previous year’s model, buying this car when the new model of the showroom is a good idea. With the new model coming with enhanced features, dealers are pushing to get the old model out of the way. This is especially true when dealers have a lot of inventory that stops them from getting more out of the new model.
5. There is the worst time to buy a car
After knowing the best time to buy a new car, the worst time to buy a car should be very clear. Basically, the opposite of the best time ends up being the worst time. If the end of the month, quarter, and year is a good time to buy a car then the beginning of the month, quarter, and year is the worst time to buy a car. Dealers tend to reduce your deal when they know they have plenty of time in front of them. Rather than giving you a concession, they can take their time and play hard with you a bit.
The worst time of year to buy a car is spring, according to a USAA lender. Not only people who crawl out of their winter hibernation, but they also get deposit money in the form of tax refunds. This has caused many buyers out there who are willing to spend money. It puts a huge demand for cars and can lead to an increase in car prices and fewer offers.
6. Avoid the beginning of the new model year
The start of the new model year is a bad time to buy the latest model car. If you check the price data at Truecar.com, the actual transaction comes in the previous model year because the dealer is pushing to issue this inventory. If you try to get a new model while last year’s model is discounted, the dealer will take advantage of the opportunity to make you pay the full price.
7. Do not buy convertible in summer or SUV in winter
Remember that the used car price season works in two ways. When buying a convertible in the middle of winter is a smart idea, buying one during Memorial Day or Fourth of July is likely to cost you more. When the weather is good, there is an increase in demand for these open vehicles, notes All American Automated Dealers. If you are shopping for an SUV, you may want to avoid buying those items when there is a foot of snow on the ground. Have you ever tried buying a snow blower at Home Depot during the first snowstorm? Good luck finding a deal.