When Is the Best Time of Year to Buy a Car?

When Is the Best Time of Year to Buy a Car?

Purchasing a car at the right time of the year can mean saving thousands of dollars. Many people don’t know that car prices fluctuate throughout the year. There are different factors that affect car prices, like poor dealership sales and the arrival of new models. If you can wait, make sure you go to the car dealership at the right time. Here we have discussed the best time of year to buy a car.

Last Few Days of the Quarter

Car dealerships have sales targets and they are rewarded by car manufacturers for achieving their sales goals. Car dealerships who have not been able to achieve their quarterly sales goals are more likely to reduce car prices a bit to move inventory. You need to visit the car dealership during the last few days of the quarter like March 28-31 for example, which is the end of the first quarter. Similarly, you can visit car dealerships in the months of June, September and December. Make sure you visit the dealership in the last few days of the quarter to get a good deal.

Last Days of the Month

Car dealerships also have monthly sales goals to achieve. If sales have not been good for a particular month, dealerships will reduce prices to get the sales number they need. Make sure you visit the car dealership in the last few days of any month and check for deals. This is ideal for people who don’t want to wait until the last few days of the quarter.

Start of the Week

People are known to make important purchases on the weekends when they are not busy. This trend has some effect on car prices. During weekends you will find many people visiting car dealerships and the demand for cars rises. In other words, the increase in demand reduces your chances of getting a good deal. Visit car dealerships on Monday, Tuesday or Wednesday when there are fewer buyers. When you visit a car dealership at the start of the week, there are better chances that salesperson will offer a good deal to finalize the sale.

Holiday Sales

There are several holidays during which car dealerships organize a sales event. If you visit a car dealership during a sales event, there are higher chances of buying your favorite car at a reduced price. You are more likely to get special rebates and attractive financing options for holiday events mentioned below, too.

Christmas: People are in a festive mood during Christmas and eager to splurge money. Christmas also marks the end of the year for car dealerships. If a car dealership has not achieved its annual sales target, they are more likely to put on a sales event during Christmas.

Black Friday: It is specifically known as a good time for shoppers. Car dealerships who have a surplus of certain models offer heavy discounts to clear their inventory.

If you don’t have the time to visit car dealerships, you can check the local newspaper or billboards for money-saving deals on the car. By choosing the right time of the year to buy a car, you can get your favorite car at a lower price.