When is the best time to buy a car?
Here’s what you need to know to purchase a profitable car.
Going to buy a used or new car? Not in a hurry. Remember the adage: haste makes waste. Here’s what you need to know to be able to buy a car at the best price.
Once you decide to buy your ideal car, don’t run headlong to spend their money or the money of the Bank making the loan. First, be sure to think about the right time. The fact that the cost as a used and a new car can vary depending on the month or day. So if you have the opportunity to wait, you can actually save money on the purchase of the car.
For starters, let’s focus on buying a new car. Here is a list of tips on the best time to buy a car:
Do not visit the auto show this weekend
I do not advise you to visit the motor show at the weekend, when an influx of customers. So it is our lives that many people can enjoy shops, car dealerships, etc. only on Saturday or Sunday, because on weekdays most of the work.
Unfortunately, at the weekend to get a personal best discount on car least likely, whereas on weekdays, it’s more likely.
During weekends due to the influx of potential customers you can get less personal attention of the Manager, as it is literally torn apart. This can not only hamper the negotiations on the deal, but really to prevent you choose exactly what you need.
Come buy a car on weekdays
We advise you to visit the showroom on weekdays. Best on Monday, which is known to be the most difficult and boring day. According to statistics, on Mondays the dealers sell fewer cars due to the small number of visits to the dealership. For you, this perfect day, because you can be sure that the salon Manager will give you the utmost attention and will be more interested in bartering with you.
This means that you are more likely to beg for himself a personal tasty discount, which in theory can help dislodge any Manager. Typically, the Manager negotiates the discount with a leadership that willingly agrees to a discount on weekdays. Especially in those days when sales leave much to be desired.
Buying a car at the end of the month, quarter or year is the best time
The best time to buy a new car is of course October, November and December. Dealers in these months is very generous with discounts. But at the end of each month, quarter, many dealers can give good discounts. The fact that at the end of any period, every dealer has some quotas on the supply of new cars from the manufacturer, which is based on prior years sales.
Accordingly, the more the dealership will sell cars in one month/quarter/year, the more he will get the quota for the next period. It is logical that the more cars will be delivered to the dealer, the more he will be able to sell cars and of course more profit.
Unfortunately, the car market, like any commodity market, is cyclical and is subject to various economic influences and moods of consumers. So sometimes new car sales leave much to be desired. And if at the beginning of a month/quarter or year, dealers are not particularly worried about sales, closer to the end of some period of time try to sell more cars.
Especially if they don’t get a certain level of sales set by agreement with the manufacturer. In the end, to ensure a good quota for a future period, many dealers by the end of the period are willing to give some of the models with virtually no margins. This is especially true towards the end of the year, the end of not only the last quarter and the entire fiscal year.
So if you are planning a purchase by the end of the year, perhaps the dealership from which you have decided to purchase a new machine that has multiple quotas on the supply of vehicles (quarterly and annual). In this case, you may be lucky and you will get the maximum discount.
Please note: the terms of sales established between the dealers and automakers are not always synchronized with the calendar month. Therefore, a good discount can give a few days before the end of the month, then on the last day of the month you can not get a better offer from the dealer.
Thus, a visit to the showroom on the last day of the calendar month can have the opposite effect. To avoid this, try to buy a car in 26, 27 or 28 day of the month (or a few days before the 28th, if we are talking about February).
Use the holiday sales to their advantage
Yes, sometimes there are sales and car dealers. No, of course, in showrooms this discount you won’t get to see, for example, in electronics stores, clothing, grocery, supermarkets, which typically give discounts in honor of any holiday. Nevertheless, sometimes in the holiday or the holidays many dealers are generous for the price tags of new cars.
We’ve all seen the commercials devoted to the holidays, which dealers like to post on TV, radio and the Internet. Usually this is encourages us to make purchases during the holidays, stressing that the discounts are only available a short period of time.
Unfortunately, not always such a sale is really a beneficial offer. Especially when shortly before the holidays the dealer specifically increased the price of the car, and then did the alleged discount in honor of the holiday. This is nothing more than a marketing trick, which in Soviet times was called a hoax. But today is not the Soviet Union, and for such tricks, nobody punishes. So be on the lookout.
Here you have to really focus in the prices of cars. To do this you either must from time to time to monitor the pricing of the dealership, or use any online service on the Internet, which provides an archive of the cost of new cars in different models in showrooms.
And quite possibly, you will find a dealer that really gives the holidays a good discount.
Also keep in mind that holidays in the country a lot. But this does not mean that the dealer will be generous with customers in every occasion. That’s what the holidays should pay attention in the first place, which can be the best time of year to buy a new car:
- Black Friday: though we do not live in the US, where black Friday has become a national day of generosity of various companies, but nevertheless, the American experience we have adopted. Now our sales every year, along with the American companies satisfied with black Friday, when many products are sold with big discount. Recall that every year the sales are held on the first Friday after Thanksgiving in the United States.
Car dealers along with sellers of consumer goods involved in a wholesale discount on black Friday. So buying a car on black Friday could be your best deal. However, please note that black Friday in the U.S. and in Russia, is one of the busiest shopping days in retail. So do not be surprised in this day influx of visitors in the showroom which as you are by hunters for discounts. Of course, time at all from the Manager may not be enough.
- New year’s eve: if you have the opportunity to buy the car right into the New year’s eve, this time may become for you one of the best of the year when you are more likely to buy a car with a big discount. Because at this time the dealer not only over quarterly and annual sales, the level of which depends their future quota in the new year, but there is a period of festive prices.
After all, New year’s eve dealers can get rid of cars older for PTS with the onset of the new year will be more than 1 year. Of course, every dealer is trying in advance to get rid of these machines. But in recent years to sell all the remains of it turns out not many dealers. So in the New year’s eve you have the chance to receive a double discount from the dealer.
- March 8: this is another landmark in the Russian holiday, the threshold of which many dealers arrange a good sale. Though, of course, the male half usually in the eve of this holiday becomes more generous, usually the dealers try to inflate the price tags on new cars, as is often done by the retail sellers of consumer goods. Therefore, many car dealers entice men good discounts on new cars.
Buy a car this year, when the dealership has already come model next year
From time to time in every dealership in the sale of new model cars (facelifted or new generation cars). At such moments, as initial deliveries of these models are small, the dealer also sells and old lineup. Therefore, dealers quicker to sell off the remnants of the old models to make room for new models.
So if you are looking for new cars as fashionable collection of clothes or newfangled smartphones, if you want to buy a car at a good price tag, receiving a significant discount, is then to wait to buy a car at the right time. To do this, follow the news car dealer, automaker and news in the media, which usually like to pre-announce the sales start of new models. In the end, as soon as the dealership will enter a new model, it’s time to buy an old car that the dealer will be willing to give good discount.
However, be vigilant and do not delay the purchase. The fact that the dealer in advance usually begins to get rid of old models. In the end, at the moment of sales start of new models of old may not have or suggestion will be very scarce.
When automakers usually start to put in the showrooms of the new model?
It happened in the global automotive market, the car manufacturers begin production of new models either in the summer or fall. In the end, autonovelties start to arrive to dealers in September or towards the end of the year. Sometimes deliveries are late. Then new models put up for sale earlier in the year. So, as you can see, it is not always necessary to wait for the winter to profitably buy a car.
For example, if the automaker will begin to put new cars towards the end of summer or in the fall, older models may start to sell more in the summer when there is usually sluggish sales. So don’t miss your chance. Otherwise you may miss the opportunity to buy the car of your dreams cheaper.
Time is your best way to buy a car at a discount
Waiting the best time to buy a car requires, of course, patience. Unfortunately, not everyone is able to tolerate. But for this you will be rewarded. After all, if you have the ability to wait, time can be your ally. Waiting right time of year to buy a car, or the right month or even day can help you save more than one hundred thousand rubles. Agree, the cheaper you can buy a new car, the purchase will be more enjoyable for you.
By the way, if you are planning to acquire a car loan, keep in mind that at the end of the year, closer to the New year, be generous, not only dealers, but also banks that like to lower interest rates on loans. So, having a car loan when buying a new car at the end of the year, you not only can significantly reduce their monthly payments on the loan (which ultimately will contribute to a smaller overpayment), but also to buy a car with a festive discount.
Now let’s focus on buying a used car. Here’s what you need to know to buy a used car at the best price.
Alas, we can’t all afford to buy a new car. As a result, many of us buy used cars. But if you purchase a new car among car enthusiasts have the opportunity to save on a variety of discounts offered by the dealers to expect discounts in the secondary market, except when bargaining with the seller, is not necessary. However, few people know that you can save a lot of money on the secondary market. You just need to know when to buy.
The fact that the used car market has traditionally seasonality. Usually, the growth of transactions in the used car market is observed in spring and autumn. During these periods, the number of offerings on the market of used cars increases substantially. In the end, the market there is a good selection of cars.
And the more sentences in the same model and same year, the better will be the market price. Everything here, as on any exchange, where the market price of financial instruments is governed by the balance of supply and demand. And in the market all the classic – the more proposals and less demand, the cheaper the average cost of a car. And Vice versa.
Unfortunately, not all cars are subject to similar trends. So, many of the Toyota cars do not fall in price even when demand is substantially less than the number of offerings on the market. The fact that many owners of a reliable Japanese cars know the price of them and do not want to throw because of a temporary lack of demand. As a result, according to statistics, most of the cars Toyota is slowly losing in the market price. However, to buy at bargain price these used cars. The main thing to know when.
Usually this option is available, when the market appears new or redesigned model and the previous model range is out of the warranty period. For example, sometimes the market begins to grow, the number of proposals a three-year Toyota cars, which ended a three-year factory warranty.
If at the same time appeared on the market new or redesigned model, the owners of three vehicles trying to quickly get rid of them to buy a new car. At such moments, you can buy a good three year old car on the secondary market at an attractive price. Including even Toyota.
And finally, another possibility is to purchase a used car at a bargain price is to monitor the supply in the market, checking each day announcement online about the used machinery.
Watch out for those cars that have already been long hanging in the sale. Remember that the longer the owner sells the vehicle, the more likely that it will take off the price tag. However, one should not forget that if the car for a long time is not sold, there is a risk that any car with something wrong (not legally clean, there’s a hidden cost of breakage, bad history, etc.), or the cost of the car excessive.
That’s why before you buy a car on the market for used cars, you must examine all the price tags on the market, to understand whether one or the other car their money. After all, even if you believe that any car is worth the money, it does not mean that this opinion is shared by the market. And don’t try to be smarter than the market. Remember that the market is always smarter than you. And smarter than ahead.