Thinking of Buying a New Car? Here’s the Best Time to Score the Perfect Deal
It may seem simple when you think about it, but when you finally get to doing it, you notice just how difficult of a task buying a car really is. There are literally endless options available, and settling on one is easier said than done. There’s also the issue of cost, so no matter the specs you’re looking for in a machine, you have to find one that fits within your budget.
As soon as you’re in a showroom, the salesperson will be keen to have you forking out your money soonest possible, and you know just how convincing these guys can be. You may be totally sold on the idea of this and that car thanks to their sweet tongue, only to find out much later that you got played.
Nothing stings harder than that, right? By getting yourself the best deal though, you can turn the hectic buying process into one of the achievements you pride yourself in. The way to do that is by buying a car at the perfect time.
Timing Is Everything
For most ventures, timing is everything. When it comes to buying a car, senior editor for Cars.com, Kelsey Mays, says that it could be the difference between overspending and saving hundreds of dollars. Fortunately for us all, the editor lists the best times to buy one, guaranteeing the best deals at said times.
As Mays puts it, December has been known to be the month where discounts are guaranteed. The senior editor credits this to car dealerships looking to meet their end-year goals, and also clear out the outgoing models of the year.
According to data provided by Cars.com, December has been the best month to buy a car for four of the past six years. This statement holds true for even luxury brands that are not known for big incentives, with the month having them offering juicy deals.
Throughout December, you’ll notice lucrative deals from car sellers, but the best ones come in the week following Christmas and just before New Year’s. Discounts soar highest at this time as salespersons aim to hit their quotas, and this has been the trend for the past few years.
It Starts Much Earlier
And while the last month of the year is when most of the dealerships are in a rush to clear their stock, Mays says that the process starts much earlier, specifically in September. This is the time when the new models start flooding the market, and to keep up with the changing times, showrooms have to stock them. Naturally, this translates to letting go of previously existing stock, and the way to go about is by offering deals customers will undoubtedly love.
J.D. Power’s Tyson Jominy agrees with Mays’ assessment on car sales in December but goes on to add that there are other times of the year when you can grab yourself an enviable deal. This is during Labor Day, Thanksgiving, and Memorial Day. What’s more, such deals start getting hyped in the days leading up to the celebration, so you don’t have to buy your car on Memorial Day.
All the same, it isn’t all about timing. You also have to drive a hard bargain, and having a great credit score can do wonders for you. Also, you should have enough money for a down payment.
More in financial advisor
Will Smith and Jay Z Invested in This Cool Camping App, And It Could Become the Next Big Thing!
When it comes to making smart investment decisions, best believe that Jay Z is the man to beat. How could you...November 12, 2022
This Canadian Dentist Bid a MASSIVE Amount for John Lennon’s Tooth
The Beatles took the entire planet by the storm with their distinct futuristic style in music back in the ‘60s. People...November 12, 2022
This Web Television Service Reportedly Paid Jennifer Aniston a Huge Amount of Money to Make a Comeback on the Small Screen
A lot of people loved Jennifer Aniston’s character as Rachel in the classic television series Friends. That is why Apple was...November 12, 2022
This Is The Amazing Story of How Fans May Have Just Saved ‘The Real Housewives of Beverly Hills’ Star Denise Richards’ Life
Technically speaking, celebrities have their fans to thank for the fame they have. But it seems like actress turned reality television...November 12, 2022
Social Media’s Meme Celebrity Grumpy Cat Wins $710,000 Lawsuit
Since texting and chats have been invented, emotions or animated faces that show different emotions help people express themselves even through...November 11, 2022
The Comedian Katt Williams is Facing Another Legal Controversy, But This Time, He is the Victim
There is nothing worse than being stabbed in the back by the people you trust the most. Especially if the...November 11, 2022
The Voice Bids Farewell to One of its First Coaches and Welcomes Back Gwen Stefani!
He Mentored the First The Voice Champion It has been sweet sixteen seasons for Coach Adam since The Voice first aired...November 11, 2022
Mariah Carey’s Luxurious Irish Hotel Suite Occupies an Entire Hotel Floor! But Here’s the Best Part…
It is a challenge for international superstars to stay out of sight while staying close to the venues of their events....November 10, 2022
Alexandra Cristin Reveals the Crucial Tool She Used to Build Her Multi-Million Dollar Business
For a 30-year-old, Alexandra Cristin has done astoundingly well for herself. She is an entrepreneur, model, and reality TV star. On...November 10, 2022