Not everyone looks forward to buying a new car because it can be time-consuming and stressful. However, there are specific times during the year when you can get a great deal on a new vehicle, making the process much easier and more affordable.
Car manufacturers follow a yearly cycle where they release new models, prompting dealers to discount current year models to make space for the new stock. Here’s a breakdown of the best times to buy a car:
**Ideal Times to Save on a Car**
Much like the changing seasons, there’s a perfect time for buying a car. Manufacturers often introduce next year’s models sooner than expected, which leads to a significant drop in prices for the current year’s models. Dealers want to clear out their inventory to maximize profits on the newer models.
The best time to take advantage of these discounts is from mid-August to mid-September, aligning with the back-to-school season. During this period, you can save anywhere from $1,500 to $5,000, depending on the make and model of the car.
But remember, while dealers are eager to sell off the current year’s models, they still make more profit on the newest versions. They might try to persuade you to buy the latest, more expensive models. Make sure you’re clear about what you want, and do your research before heading to the showroom.
If a car hasn’t had a major redesign, the differences between model years are usually minor, such as changes in color or small design tweaks. Therefore, buying a slightly older model can be the best deal as dealers are often more willing to negotiate on these.
**Other Good Times to Buy**
Besides the mid-August to mid-September window, there are two other key periods to score a deal.
First, consider the end of each quarter: March, June, September, and December. Car manufacturers set quarterly sales goals for dealerships, and when these targets aren’t met, dealers are motivated to offer better deals.
Another excellent time is the end of the month. Dealerships aim to hit their monthly sales goals, making them more likely to negotiate as the month closes. This is particularly true during the last weekend of the month as dealerships see increased foot traffic and aim to maximize sales.
In summary, the prime times to shop for a new car to get the most savings are:
– Mid-August to mid-September
– Last few days and the final weekend of August
– Last few days and the final weekend of September
– Last few days and the final weekends of March, June, and December
– Last weekend and final few days of other months
Understanding these key periods can help you find a great deal on a new car. Take your time, test drive different models, and ensure the purchase fits your budget. With this knowledge, you’re well-equipped to secure an impressive deal on your next car.