Best Time of Year to Buy a Car

Best Time of Year to Buy a Car It’s often difficult to discern the myth from the truth as to when the best time of year to buy a car actually is. There are several things you need to think about before going into a dealership. Firstly and foremostly, you should do your homework! Just an hour of research on models, values and comparative dealerships can end up saving you thousands of dollars. A car salesman’s best weapon is an uninformed customer. The other piece of advice that’s important to consider that car salesmens hike their prices during the ‘tax bubble season’. People get their tax refunds and are eager to get new wheels. Prices of cars all of a sudden see a bit of an increase, particularly with used cars. This is clarified by Steven Lang, an expert who writes about cars on the regular for The Truth About Cars. About used car sales and impact of the tax season price hikes, he writes: “I’d say the majority of used-car dealers have done two thirds of their business by the Fourth of July weekend.” Best Time of Year to Buy a Car Lang also thinks that the best time to buy a car are the weeks of the year with no surrounding holidays. “The best time to buy is the end of October or the beginning of November. There are no holidays then. No one is getting their bonuses. And the invenstory is depleted. Whole sale prices are down then too. It all reflects the retail climate.” His theory seems pretty sound. Others speculate that there are three “best” times to buy a car throughout the year. The End of the Calendar Year. Some experts believe that the two best days to buy a car is December 26th and the day after Thanksgiving. There has been proof that dealers mark the prices below the MSRP by several points. Also, towards the end of the calendar year, many car salesmen are trying to make their annual quotas and are willing to be flexible with the price. The End of the Month. Just as car salesmen have annual quotas, they also have monthly quotas they need to fulfill. A lot of manufacturers offer salesmen bonus incentives if they sell a certain number of cars by the end of each month, and so the stakes are high. The End of Model Year. As soon as new models come out for a car, the previous year’s cars get discounted. This is a very good thing for the buyer, although they should make sure that they’re getting a good deal and not being influenced by strategic sticker prices. Best Time of Year to Buy a Car Another pit of advice I was able to glean from some research is that often times after big automotive recalls, prices change. 2010 was a great year to buy cars because Toyota had a massive recall and to compromise for dropped sales, they brought down their prices. Competitive brands did the same to look more attractive. Keep your eyes on what’s going on in the car industry to understand how it’s going to affect your purchase. As a whole, however, late October/early November and late December seem to be the best time to buy cars during the year. Related: Lower Your Car Insurance   Best Time of Year to Buy a Car Related Posts B Auto Loan Dealer Tricks 2010 Lowest Auto Insurance Rates by Model Generic or Branded?

The rest is here:
Best Time of Year to Buy a Car