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Publish Date - September 22, 2021

Author: Veronica Baxter

Categories:   Tips & Insights For Car Buying    Buying & Selling Cars   

When is the Right Time to Get a New Car

With all major life decisions, timing is everything, even when deciding when to get a new car. We know the excitement that comes with making that big purchase, and most times, we want to reach that substantial milestone in our lives as fast as possible.

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With all major life decisions, timing is everything, even when deciding when to get a new car. We know the excitement that comes with making that big purchase, and most times, we want to reach that substantial milestone in our lives as fast as possible.

However, it never hurts to take your time, especially when large amounts of money are involved. It is a good idea to keep your eye on the market to get the best deals at the best price and save some extra dollars. It may even make the most sense to look into a new car loan if you are particularly eager to get your new set of wheels.

Most importantly, you should ask yourself all the necessary questions regarding why you need to buy a car at this time. Additionally, the top bankruptcy lawyers in Philadelphia shed more light on the best times in which you can get yourself a new car:

1. At the End of Month

Usually, in most companies, the end of the month is a time to wrap up the sales for that period before starting the next month. Most of these car dealers get a discount every month from the car manufacturers they sell for at their dealership. In short, they act as third parties for the primary manufacturing car company.

Chances are, if you go to purchase your car at this time, you are more likely to get the vehicle at significantly discounted prices as the car dealers hit their monthly sales goals.

2. During Model Changeovers

Most car companies release new car models at the end of the fall. During this time, you can be lucky enough to get the outgoing models at discounted rates. Unfortunately, because of the coronavirus pandemic, most car companies have delayed releasing the latest models. Regardless, you should still be on the lookout to know which months they will showcase their newer models.

Alternatively, you can opt to buy the latest model that will be released into the market. When the car is still new in the market, you will most likely get it at a lower price on the sale release. While it will be a little bit more expensive, the car is still not as expensive as it would be later on.

3. During Holidays

Surely, you have noticed how other industries take advantage of holiday sales; the same principle applies in the car business. It is not unusual for you to see promotional offers for new cars. Therefore, if you’re one of those who want a specific car model, look out for these offers.

The fantastic thing about such times is that there will always be multiple offers so that you will be lost for choice. Eventually, you can settle on a deal that you think suits you best, and better still, you also have the chance to negotiate for a much lower price. Some of the best holidays deals to look out for are during:

  • New Year’s Eve
  • Memorial Day
  • Fourth of July
  • Labor Day
  • Black Friday

4. During Weekdays

Logically, it is much harder for car dealers to get customers over the weekdays since most people are busy with their work schedules. Since most people are more available on the weekend, there’s more foot traffic to the car dealer shops, and you won’t have the chance to get all the attention you need or ask all the questions you may have.

Therefore, Tuesdays and Wednesdays are ideal to do a walk-in for these car dealerships, and you can negotiate your way to the best-discounted deals with the much-needed attention. You will also be fortunate to get extra incentives like a free oil change or car wash.

5. During the End of Calendar Quota

With the anticipation of getting ready for the new year, you can never go wrong once you decide to take advantage of the crazy deals that run at the close of the year. In the same way, you want to start a new year with new goals; businesses avoid moving unsold items to the following year.

During this season, you’re bound to get heavy discounts and incentives during such times. Eventually, this kind of drive by the car dealers ends up being advantageous for the buyers. You’ll be amazed at how even most dealers will lose money-making deals so they can achieve their closing year targets. So, why not look out of the sale craze and save much more?

As easy as it sounds, every car buyer is responsible for researching the car model they need. If you’re patient enough and you’ve done your homework as you should, you will not regret getting your car at the time that you wish to and at the best-discounted deals. A big purchase such as this should never go wrong.