Looking for a new car? Wondering when you should start the buying process? When you are ready to buy a new car, there are a few things to consider. When to buy a car is just as important as what car to buy. It can be the difference in big savings.
When Should You Buy a Brand New Car?
The best time of year to buy a new car is right before the new cars come to market. The dealerships need to clear the lots to make room for the newest models. That means there are many end of year clearance sales. You can find some of the best discounts. You can also get the best price for your trade in. Once the new cars come out, all older models lose a bit more of their value. This drop in value can also be good for buying the car. Last year’s model is still new but costs you less money.
If you can not wait until the end of the year, the end of the month or the end of the quarter is another good time. Many sales people are trying to make their quotas and will often be able to give you a great deal.
Holiday Sales are a great time to save money on buying a new car. Oftentimes, dealerships offer great sales for some of the most obscure holidays. If you are able to wait until these sales, you can save quite a bit of money. Sometimes, these sales can be cashback or special financing options. Sometimes, you can even find the friends and family discounts that are supposed to be the same price employees pay.
Now that you know when to buy in order to get the best deals, you can start making plans to shop when you can rack up the most savings.