If you are a fan of the automotive world, a frequently asked question that crosses your mind must be when to buy a new car. So, here are the best times to do so.
If you are in a dealership and ready to buy a new car, you had better prepare yourself really well. First of all, find out whether the timing is right. Did you know that buying a new car at the best time might save thousands of your dollars? Also, educate yourself about the car you desire—from standard level of equipment, color options, and trims, to transport fees and refunds. Below are the perfect times when to buy a new car.
The Beginning of a Model Year
New models of cars used to be released in the autumn, but now you may see them released anytime in the year. At the beginning of a model year, dealerships usually offer great bargains and refunds. Therefore, if you desire a new car with a particular model, you should find out when it will be released. You can do some researches, call the dealerships that sell the car you desire, or attend automobile shows where producers launch new car models.
The End of a Model Year
If the newest model of cars is not you are after, you may grab a big deal on the car models that dealerships want to get rid of their places to make more spaces for the following models.
Just remember, that buying a new car at the end of its model year may result in you missing out on some modifications and upgrades. Nevertheless, if this older car model has no significant upgrades, you are lucky enough to purchase a brand new car while saving thousands of dollars.
Still on when to buy a new car, you should also consider the end of the month to do so. Car salespeople or dealerships usually have monthly quotas for sales they make every month. At the end of the month, when the quotas are being evaluated, your salesperson might be generous enough to give you a good deal on the new car you desire.
Unluckily, it is not a no-brainer to tell if a salesperson has met their monthly quotas. The good news is, you can still notice an indication of it if they are willing to have a negotiation with you about the price.
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.
Holidays are not only good for recreational activities; they in fact are also exactly when to buy a new car. Besides Christmas, Memorial Day, Labor Day, and Independence Day are also the holidays when most dealerships release their new models with special financing and rebates. They will also offer great discounts for visitors who purchase metal products at those events.
A new car is a big investment; therefore it is important for you to do some researches and decide to buy it at the perfect time—when you get a chance to have a good deal. This will save you thousands of dollars, indeed. Plus, while you are waiting for the best time to buy a new car, you may do some researches on the car you desire and learn the techniques of negotiation with car salespeople.