Are you thinking about buying a new car? Well, before committing your finances to that purchase, there are many factors you need to consider. One of these factors is timing. For this reason, you might be left wondering about the best time to buy a new car. The car market has high and low seasons. Some of the facts about this market that you have to be aware of are that some months are considered the best to purchase. Also, the day you make that purchase also matters. If you are in the market for a new car, here is the best time to step out and sign that deal.
Day of the Week
Monday is not considered the best day of the week by most people. Why? Weekends are often full of activities and come Monday, all that is left is dealing with a hangover. However, this is the best day to buy a new car in the car industry. Most dealerships do not have lots of activity as most customers are back to work and looking forward to the end of the day. Therefore, for these dealerships, a client reaching out on a Monday is a big deal.
On this day, you are likely to get better attention and, even better, a great deal. The salesperson attending to you is likely to throw in an incentive like free fuel on a Monday than any other day.
Time of the Year
Ever asked yourself why the majority of the people you know usually purchase their cars during the last quota of the year? October, November, and December are the best time of the year to buy a new car. At this time of the year, salespersons usually work harder to meet car dealership goals and personal goals. To meet these goals, giving customers good deals is at the top of the priority of both the dealership and its employees.
End of the Model Year
Manufacturers have a deadline for the production of certain cars. Once this deadline is announced to the public, the manufacturing of new car models is made public. Most new car models are released to the market between September to November. Suppose you have been eyeing a particular model whose manufacturing has ended. There are high chances of getting a better deal once the new model hits the market. You should, however, not hold yourself from getting the new model. While it might be more expensive than the one you are eyeing, it is worth every coin.
Holidays are a time for people to relax and have a good time. It is also during this time car dealerships focus on making significant sales. The possibility of buying a new car during the holidays at a discount is high. Some of the holidays to look out for are President’s Day, Memorial Day, July Fourth, Labor Day, Black Friday, and New Year’s Eve. Always watch out for these holidays, and you might land a great deal on a new car.
Buying a new car during specific times of the year calls for your patience. If you are looking to save money, it always pays to be a little patient. Good car deals don’t come by often, so if you have the time, hold on a little while.