When Is the Best Time to Buy a Car?
Many factors determine the final price of a new vehicle, including the credit score of the buyer, interest rates, car features, and even the time the vehicle is sold. When looking into buying a new or used car, it can pay to do research and identify the best time to buy a car. Once you know the ideal time to make your purchase, you’ll be confident you’re making an informed buying decision at the dealership.
Does Timing Make a Difference When Buying a Car?
In general, the best time to buy a new or used car is at the end of each month or yearend when franchise car dealerships may be focused on hitting sales goals.
When Is the Best Time of Year to Buy a Car?
Oftentimes, a good time of year to buy a car is during end-of-year sales events in the months of October, November, and December. These final few calendar months often see the biggest car sales and discounts of the year.
Some car dealerships also offer holiday sales with attractive rebates and pricing options. Keep an eye out for special auto sales around the following holidays:
- Presidents Day
- Memorial Day
- Fourth of July
- Labor Day
- Black Friday
When Is the Best Day of the Week to Buy a Car?
The best days of the week to buy a car are often Monday, Tuesday, and Wednesday. Car dealerships tend to be busiest on weekends thus early week may be beneficial for car shoppers.
Other Ideal Times to Buy a Car
After new models are released the previous edition may be offered at a lower price.
During off-seasons. If you’ve been thinking about your dream convertible, don’t wait until the moment the weather becomes warm and sunny to make your purchase
Where to Buy Now That You Know When to Buy
While you might save big bucks by approaching your car-buying experience using the strategies above. Buying a car usually takes a bit more time than you’d think — not just the few hours you spend at the car dealership test-driving and negotiating. A lot of time also goes toward researching the right vehicle that has optimal features and is in your price range.
To save you time when buying a new or used car, Dick Hannah Dealerships has compiled helpful resources. In our e-Learning Center, you’ll find video tutorials that answer common car-buying questions, cutting down your prep time and giving you more control over your car-buying experience. And when you’re ready to take the final step, contact the team at Dick Hannah Dealerships.