When is the Best Time to Buy A Car? July 26th 2019 Written by: Eric Burkholz
When is the best time to buy a car?
You've done your research and due diligence. You've searched the best car, but have you found when the best time to buy a car is? You've looked at the pros and cons of buying a Honda, Toyota or Nissan. Knowing your pricing, knowing your model, year, color, your whole sale value all that plays it's part. You've made your choice. There's no going back, but when should you buy it? Do you realize you can save thousands of dollars depending on the time of year that you buy your car?
Here's are some ideas of when you should buy your car?
Holiday Sales Events
This is a buyers paradise, when shopping malls, homes and Christmas presents are at cheaper pricing, the best way to get these buyers to notice you during the holidays, you will find that some of the best times to buy a are a car are when there are offered deals and price decreases at an alarming rate at these times. The same goes for car dealerships. Here are a few holidays to be aware of to look for better deals.
New Years Eve: This might be one of the best times to buy a car. Year end quotas and bonus' are all dependent on number of sales made, so your salesman might be mighty eager to just get rid of the car with a price reduction. So expect some opportunities to find a deal or two for this reason.
Black Friday: Wal-Mart isn't the only company who's profiting from Black Friday. Car dealers significantly reduce their prices around Black Friday just like any other shop.
Memorial Day: Memorial Day can be one of the best days that you can purchase a vehicle.
End of the Year
If we think about the life of a sales man, we see that he or she has quotas and goals to reach monthly and yearly. With that in mind, not only is the last month of the year but the last week of the month. You might be able to lower a price anywhere from $1000 to even $3000 off of a $20,000 depending on your salesman, the dealership and circumstances. New Years Eve must be the best time of the year in order.
End of the Month
Just like the last of the year is one of the best times to buy a car, the end of the month is one of the best times of the year to buy a car. Some of the best salesman know that if you place a yearly goal but you don't brake down the goals in smaller goals you're not going to get many sales and just get overwhelmed, so they brake it down by month to make their sales numbers easier and more doable over the year. So a salesman will be more motivated to sell at the end of the year and likely to get you some kind of discount or cheaper price.
Wait to buy this years model when next year's model gets to the dealerships
Something that is different with purchasing a car than buying a home is that as soon as it comes off the lot it's price just plummeted. Your $60,000 car went to $40,000 in about 10 seconds as you sign your fancy amazing signature. When buying a car and trying to get the most out of the car, look for a "year old" or brand new car. So if it's 2019 in September and the new 2020 cars are coming out, you wait to buy the 2019 models when the new 2020 models are coming out and you get the cheaper "used" price of the 2019. This is a strategy that will save you lots of headaches due to decreasing values and money as you make your car payments.
Memorial Day Weekend
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