When you have decided which car you would love to buy, remember to consider the best time to purchase it. The price of a car may change anytime, based on which month or even which day it is. If you don’t have to hurry on buying a car, you are lucky enough to keep some thousands of dollars in your pocket. Then, when is the best time to buy a car? Here are some tips for doing so.
Time is the Key to the Best Bargain
If you can be patient to wait for the right time to purchase a car, then time could be your best ally. Almost all cars fall in price; therefore, waiting for the right year, month, or even day may help you save thousands of your dollars. What is better than a brand new car is the fact that you spent much less to own it.
So, When is the Best Time to Buy a Car?
To start it with, the best month to buy a car is definitely December. Why is it so? First of all, we should see this business from a car salesperson’s point of view.
Just like many other salespeople, a car salesperson has lots of quotas that usually come in the forms of monthly, quarterly, and annual sales goals—the number of cars that have to be sold. All three sales goals start to be evaluated in the last months of the year. Therefore, if you buy a car late in the year, the salesperson may still have one or two more quotas left and offer you some clearance sales.
That explains why December—especially, the very last weeks of the month—is the answer to the question of when is the best time to buy a car. Even better, if you can have a car deal on New Year’s Eve, December 31st. A car salesman is expecting his annual bonus by that date; he won’t really focus on his sales goals and will offer you the best bargain just to close his annual sales goal as soon as possible.
On New Year’s Eve, you can have a discount of up to 8.3% for a new car at the dealer’s. For example, you may have a well-maintained secondhand car for about $18,340 (discounted from the real price of $20,000). So, you just saved about $1,660 for shopping on the very last day of December by yourself.
If You Cannot Buy a Car in December, What is the Best Day to Do So?
If you have known about when is the best time to buy a car but still find difficulties in waiting for the right month of the year—which is December, you can also go for days. The best days to buy a car are usually Monday, Tuesday, and Wednesday as on those days, fewer customers come to shop, and that means more opportunities to get a bargain.
Visiting a dealership on the weekends would make a little chance for you to get more attention from your salesperson—which will result in more difficult negotiation to get a deal. Based on researches, the average discount of a car’s price on Monday is up to 8.10%, 8.05% on Tuesday, 8.07% on Wednesday, and 8.08% on Thursday.
Now that you know the key tips on when is the best time to buy a car. Pick your best car and get the best deal for it.