Every person wants to get a good deal on a new car so it is crucial that you understand the best times of the year to buy a car. While there is no guaranteed time to get the best deal, there are some times of the year and the month that may be in your
Every person wants to get a good deal on a new car so it is crucial that you understand the best times of the year to buy a car. While there is no guaranteed time to get the best deal, there are some times of the year and the month that may be in your favor. Here are some of the top ways to save money on your new car.
Shop At The End of the Month
One of the best ways to get a good deal on a new car is to shop at the end of the month. Oftentimes, car dealerships and car salesmen and women have sales quotas that they must meet. One of the most notable sales quotas is the monthly quota. This means that when salesman have not yet met their quota for the month, they may be more inclined to give customers a good deal. A good deal may be the difference between them selling a car and not selling it. They want the extra commission at the end of the month so they will be willing to sell more for less money.
Shop Late in the Year
Similar to monthly sales quotas, car dealerships also have yearly quotas. When the dealership has not yet met their quota, they will have larger overall sales to get customers in the door and shopping. Also, the new models start to come out later in the year so if you want the previous year’s model you may be able to get it for cheap. As the dealerships try to sell their current cars to make room for newer cars, they will be more inclined to give away cars at a more affordable price.
Shop on Mondays
One of the best times to buy a car tends to be on Mondays. Most people have to work during the week and Mondays tend to be the slowest time for customers entering car dealerships. Car salespeople are excited to get people on Mondays and may be eager to make a sale so they can offer you better deals.
Shop in May
Another great time of the year to buy a car is in May. Many car dealerships have phenomenal deals for Memorial Day. This is a well known time to buy a car because dealerships often offer bonus cash and extra incentives to help sell their current inventory of cars.
People tend to use holidays as an excuse to go shopping and as an excuse to give better deals on cars. While most people do not typically celebrate President’s Day, the car dealerships do. They will use any holiday as an excuse to put cars on sale in order to attract more customers to their store. If the dealership offers a cash bonus to those buying cars, but is able to get more cars sold, they are in turn making more money by giving people better deals on the cars they really want to own.