Buying a new car can be extremely time-consuming and stressful. With so many options and so many car dealers, it can be difficult finding the best deals. In addition to this, many people forget to consider the time in which they are planning to purchase the car. Timing is a huge factor when it comes to getting the best deal. A few timing tips will ensure that you get the best price when you are ready to purchase your next vehicle.
End of the Day, Week, Month, or Year
If you have ever heard that purchasing a car at the end of the month or year will get you a good deal, it is true. However, it is not just at the end of the month or year; it is pretty much at the end of anything.
•When purchasing a car at the end of the day, many employees are ready to head home for the day; therefore, they are least likely to want to negotiate a deal that will benefit them the most.
•When you purchase at the end of the month, you are more likely to get a better deal because sales employees must meet a monthly sales quota.
•With many car dealerships, employees may make extra money by a selling a certain amount of cars. As a result, they may be more willing to lose money on a vehicle because they know that this will boost their quota.
•Finally, purchasing at the end of a quarter also yields a huge advantage. Quarterly goals are often more lucrative than monthly goals; consequently, dealerships will be willing to work with you on getting the best price for your vehicle.
Last Year’s Model
Buying last year’s model is also a great way to get a good price for a vehicle. It is important to purchase last year’s model at the end of the year or beginning of the year.
•Dealerships will be trying to rid their car lots of older models in order to make room for the current model. In many cases, last year’s model will be identical to the current model.
•Also, if you have a car title loan, you can use the loan to help with the down payment for your next vehicle. Therefore, you can get a great deal, and most people will not even realize that you have an older model vehicle. The one downside to this is the fact that you may not get the best warranty since you would have purchased an older model.
Buying during a holiday weekend is also a great time of the year to purchase a new vehicle.
•Many dealerships place huge discounts on vehicles during the holiday weekend. This may include cash-back deals or special financing deals.
•Although many people desire to spend their holiday weekends resting or enjoying their families, deciding to purchase a vehicle during this time can be rewarding.
Purchasing a vehicle can be a difficult process. However, by shopping for your vehicle during certain times of the year, you will be able to get a great price when you are ready to purchase.