What’s The Best Time To Buy A New Car?
If your current ride is on its last wheels, then you might not want to wait too long to buy its replacement.
However, if you’re thinking about getting another car and you have some time to make your decision, then you might just want to wait for a while. Timing your purchase right can, indeed, help you get more cars for less money. There are also some preparation steps you might want to put in place before you make the purchase.
When you can get the right loan
If you’re able to purchase a car with cold hard cash, then you can already get better savings than you’re likely to get by following this tip. However, taking a little time to look over your credit report, remove inaccurate black marks, and improve your credit score can help you get a much better car loan. As a result, you can afford a better car with better repayment terms, too.
When the right specials are on
If there is a certain car that you’re hoping to get, there are a few times that its price might get knocked down. We’ll save one of those times for the next point, but another time to keep an eye out for is when there’s a special on that car from a local dealer. Follow your local dealer to discover more information on current and upcoming specials. You might only need to wait a little while for the car you want to become much more affordable.
When a new model is coming out
There’s a very good reason to follow the latest news on what cars are just about to come out or have recently come out, even if you’re not a big car enthusiast. Usually, when a brand new model of an existing car comes out, it’s going to affect the price of the models that come before it. The model that used to be most recent is now only the second most recent, which can see its price dropping by a serious degree, especially in the used car market.
At the right time of year
By waiting for the right time of year, you might also get some negotiating power to knock the price down off a car. This usually doesn’t apply to cars that already part of a special offer or the like. However, people typically buy cars less in winter, which can mean that dealers are more open to wiggle room on the price to nail a sale. Similarly, the end of the quarter is a great time to buy cars as most dealers are fighting tooth and nail to reach sales quotas before the end of the quota and might just offer a little more room for negotiation.
If you can’t wait all that long, maybe not all of the tips above will apply to you. However, if you’re in too much of a rush, you’re not going to be able to control the costs of the car you buy all that much, so that’s something you want to avoid.