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 is one of the big investments in life. If you are looking for insights about the best time of year to buy a car, we have some good news for you! Here we have listed some of the best times of year to buy a car for a lower price.

End of June and December

When the sales quarter is coming to an end, car dealerships are keen to achieve their sales target. If the sales have been low for a specific quarter, car dealerships will sell some cars at a reduced price to achieve their quarterly sales target. The idea behind this sales strategy is to focus on the bigger sales target and increase income. According to auto industry experts, car manufacturers are known to offer sales bonuses to car dealerships who achieve their sales target.

Early in the Week

Weekends are the busiest times for salespeople at car dealerships Since a large number of people buy cars on weekends, the demand for cars rises and prices stay at a higher level. Early in the week, there are fewer customers and the demand is lower. Also, the salesperson is more attentive towards your needs and may offer you a great deal to complete the sale.

When New Models Arrive

Most new car models debut in the fall and by the end of summer, new cars are available at car dealerships. When new models arrive, older models have fewer takers. In such a situation, car dealerships are eager to move their older inventory by lowering prices significantly. If you visit car dealerships during the start of fall season or end of summer, you are more likely to get hefty discount on older car models.

Holiday Sales

  • Christmas: During Christmas, people are in a festive mood and are busy shopping. Car dealerships announce special sales events during Christmas to attract buyers and many families are known to purchase cars as a family gift for Christmas. If you visit car dealerships during Christmas season, you are more likely to get a favorable deal on your desired car model.

  • Labor Day: Car dealerships announce Labor Day car sales event which offers heavy discounts on older models. The reason is that many new models arrive at car dealerships during this weekend and there are lots of people coming in to check out newer models. If you go to car dealerships during Labor Day weekend, you will find deep discounts on older models.

  • 4th of July: Many car dealerships organize Independence Day specials where they offer good deals on older cars. Since 4th July is a major holiday, car dealers use this opportunity to clear their older inventory and make way for newer models

If you buy a car on the special dates and period we have mentioned, you will end up saving 15 to 20 percent on the car price. However, before you go to car dealerships, research about the car model you want to buy and stick to your decision.