When Is the Best Time of Year to Buy a Car?
Getting a good deal on your car depends on the timing of your purchase. Do you know the prices of the car keeps fluctuating throughout the year? Aim to buy a car on a specific day like the ones mentioned below, and you will end up saving more. Here we have presented you with a list of the best times of year to buy a car.
Early Days of the Week
Many people choose weekends to buy a car. Hence you will find a large crowd at car dealerships on weekends. Large crowds mean an increase in demand for cars and this reduces the chances of salesperson offering a favorable deal. When you visit the car dealerships on Monday through Wednesday, you will find fewer buyers and the salesperson would be more attentive to your needs. If you visit the car dealership when there are fewer buyers, the salesperson might offer a favorable deal to complete the sale.
End of the Month, Sales Quarters and Year
Car dealerships have monthly and quarterly targets. If the sales have been low during the month, car dealerships will offer you heavy discounts on a car. The reason is that car manufacturers set sales targets for car dealerships. If the car dealership achieves its sales target for the month and the quarter, the car manufacturer rewards the car dealership in the form of big sale bonuses. Car dealerships don’t mind reducing the price of the cars by a few thousand dollars as their main focus is sales bonuses which are expected to be a bigger amount. For the same reason, buying a car at the end of the year could also save you a good amount of money.
Car manufacturers offer new models of their lineup every year. The new models start arriving in car dealerships by the months of September and October. If you visit the car dealerships during this period, you will find car dealerships offering heavy discounts on older models. The reason is that with the arrival of new models, there is less interest in older models. Hence, a car dealership offers favorable deals to customers to move out the older inventory.
- Christmas: During Christmas, people are in a festive mood. Many people buy new cars as family gifts during Christmas season. Also, Christmas is a long holiday season and many people go out shopping during the Christmas festival, and car dealerships announce special deals on cars to attract buyers. If you buy a car during Christmas season, you can save 10 to 20 percent on the sticker price of the car.
- Black Friday: It is one of the biggest retail sales events. You will find people glued to their television screens and surfing the Internet to find discount offers. Car dealerships also offer favorable deals on Black Friday. Buying a car on Black Friday can help you save a good amount of money.
If you do your homework while purchasing a car and choose one of the best times in the year to buy, you could end up saving thousands of dollars.