If you are in the market for a new vehicle and want to maximize value, according to car-buying experts, purchasing your new car at a certain time of day, month or year can help you save money. Timing your new car purchase can be worth the effort. Below are the best and worst times to purchase a new car.
Best Time to Buy a Car
End of Day
Purchasing your car at the end of the day can often lead to you scoring a better deal than if you were to arrive earlier that day. This could be as simple as the agent at the dealership finishing up their long workday and just wanting to get home.
End of the Month
Waiting until the end of the month is a great time to buy a new car since most dealership sales agents are looking to hit their monthly quota and are willing to negotiate a little so they can be compensated.
End of the Year
The end of the year tends to be slower for car dealers due to the winter months. Dealers are more eager to give you a great deal just to get rid of last year’s leftover cars.
Holiday Weekends
Shopping on holiday weekends like Thanksgiving, Memorial Day, Labor Day or Independence Day can also help you score huge deals. Many dealers are throwing blowout sales over the holiday weekend.
Worst Time to Buy a Car
In the Spring
You might want to avoid buying a new car in the springtime. However, knowing how much money you could potentially save by buying your new vehicle in the fall instead of the spring is hard to determine since prices do fluctuate.
When it First Comes Out
The ultimate worst time to buy a new vehicle is when it first comes out since there will typically be huge demand for it and many dealers will hesitate to offer any type of discount on the brand-new models or popular cars.
Before it’s Make and Model Has Been Reviewed
It can really pay off practicing patience. Buying a car before it’s been reviewed is a big mistake and could cost you more on the price tag. The Consumer Reports list of reviewed cars usually comes out at the start of each calendar year.
Once you have done your research and have waited for the right time to buy your new vehicle, you should not walk into any dealership unprepared. Be ready to negotiate so you can walk away with the best deal.
If you’ve recently purchased a new or used car, be sure to talk to us here at BOLT Insurance Agency to revise your auto insurance policy.
