Buying a car is not about making the best deal by bargaining with the sales executive but it’s about knowing when the best deals are made.
Sure, the prices of cars definitely depend on its brand, model, and the level of bargaining you can do (which is something that wouldn’t work in all cases).
However, there are some other factors that can have a tremendous impact on the price of cars.
Life is all about timing, and so is car shopping!
So, when is the right time to buy a new car?
We’ll tell you how to use perfect timing to your advantage in order to get yourself a great car deal.
Here are a few timing tips that will help you secure the best possible price for your next vehicle as well.
7 Best Times to Buy a New Car
Have you heard that the best time to buy a car is the end the month?
Well then, you’ve heard it right!
This is true simply because you can get great deals on cars at the end of the month. But, that’s not all.
You can also save money on automotive repairs, but let’s save that topic for another time.
So, here are a few things to keep in mind while buying a new car.
1. End of Day
Buying a car at the end of a day can sometimes yield better deals, as dealership employees may just want to rush back home, therefore, may be more flexible with sales.
Thus, remember, if you turn up at a dealership showroom at the end of the day, you might find a slightly better deal than you'd get if you arrive bright and early on a Saturday morning.
2. Month End
A simple logic applies here.
End of the month is the time when dealership employees are eager to hit the highest sales numbers for financial bonuses.
They might even be willing to lose a few bucks on as many as two to three cars to crack their way to bonuses of big bucks.
So, if you walk into an Audi showroom at the end of the month you might just get lucky with a great deal.
3. End of the Quarter
Well, there's another end period you could use to your advantage: the end of the quarter.
If you buy a car at the end of the quarter, somewhere in March, June, September, or December, you’ll have the chance of swinging yourself a lucrative deal.
Just as dealerships have end of the month sales goals, they also have even harder sales goals to reach at the end of every quarter.
Choosing the best time of the year to buy a car could potentially save you thousands of dollars. There are also a few things you can bear in mind while buying a new car.
Convertibles are more desirable in the summer for obvious reasons.
Thus the demand for convertibles falls during off season, which adversely affects its cost.
So, if you ever want to buy a convertible, be sure to wait for the winter to make a good bargain.
Four-wheel-drive vehicles experience a peak in demand during autumn and winter due to poor weather.
Thus, if you ever want your hands on such vehicles, wait till it’s summer.
5. New Launches
If you want to buy a particular car model, simply find out when the new models or ‘face-lifted’ existing models are due out, then buy the previous version during its last few weeks.
Dealers will be in a hurry to sell their old car stock to make room for the new ones.
If you wait for the right time and do your research, you can make yourself a great deal.
Remember that showrooms are quieter on weekdays, so dropping in on a Friday will do you good.
This is because dealers will be keen to meet their weekly targets.
Thus, you could gain an upper hand in bargaining with the salesperson.
7. Few Months After a Launch
Here’s another tip on buying a new model instead of waiting around for its superior model to launch.
You can simply wait a few months after its launch before buying it.
This is because the buzz in the showroom would be lesser and the dealer might offer you a better deal.
4 Best Times to Buy a Used Car
Just like there’s a right time to purchase new cars, there’s one for used cars too.
1. When Sales of New Cars Peak
March and September are the peak months for sales of new cars, often through part-exchange deals.
Thus, dealers will have a lot of used cars waiting to be sold, which puts you at the stronger end of the scale of negotiation.
2. Before Plate Change Month
During the months of July and early August, you’ll find dealers often keen to clear out used cars in readiness for new models and the registration plate change in the month of September.
3. New Year
January is a quiet month for the used car trade, as during New Year, people are barely keen on buying cars.
This compels dealers and private sellers to make a good deal to make up for lost sales and unmet sales goals.
4. Around Certain Holidays
It is said that holidays bring in the best of deals and this is no lie.
According to a 2016 study by iSeeCars.com, best deals on used car can be seen during Veteran’s Day, Black Friday, and Christmas Eve.
Holidays such as Mother’s Day, Father’s Day, and Easter Sunday, when families are likely to be together, aren’t great holidays for making yourself a good car deal.
Because most dealers are likely to be light on staff, and private sellers are more likely to spend time with family instead of selling the family car.
Fewer sellers in the market will directly decrease the bargaining power of buyers, in turn, increasing the prices of used cars.
If you’re confused about whether to repair or replace your car, simply call your nearest automotive servicing center for some advice.
So, the next time you decide on buying a car, whether new or old, you know what to do.
Why compromise on prices or bargaining at odd hours when you can wait for the right time to get the best deals?
A&G Customs - Your Auto Repair Expert in Doylestown
Well, if you make yourself a good deal and buy that car you’ve wanted, what’s next?
You need to be a responsible car owner, which is simple again!
If you care about your newly purchased car enough, you will have it serviced regularly and if you need an auto repair in Doylestown, know that A&G Customs auto repairs has your back.