TrueCar data finally shows that December 31 is still arguably the best day of the year to buy a new car, saving an average of 10.9% on the recommended price. Like Labor Day, July 4th, Memorial Day, and Thanksgiving, most other holidays also offer great new car discounts. As with buying a new car, the best time to buy a new car is the end of December.
If you don’t have to buy a car next week, consider searching for an entire month to see when and where you can get the best deals. You can get a great car deal anytime during the last week of the quarter, but it’s best to drive on the last day. If you can’t wait until the end of the year, consider buying at the end of the month.
So like at the end of the month, sales reps can offer deals at the beginning of the month to sell more cars. Car manufacturers and dealerships also produce quarterly sales reports, so if you know the end of each quarter—March, June, September, or December—you might even get a better deal. If you need to buy a car early in the year, Kelley Blue Book recommends making purchases towards the end of each quarter when dealers may be aiming to meet sales quotas (March, June, September, and December). These are the most significant discount months of the year as dealerships try to clear their inventory from recent years before posting new stock.
Auto sales experts say the best day to buy a car in Canada is usually the last or last day of the month. This is because the best time to try and buy is between the big races for new vehicles and when dealers put their remaining cars up for auction. So if you’re planning to buy a new or used car, be sure to consider shopping during this time to get the best deals.
Since dealerships are looking to clean up cars from yesteryear and make a lot of sales before the end of the year, you might be lucky if you shop during this time. The best time to buy is usually the end of the month as dealers tend to clear out old models or showroom floor space from previous months. As a general rule, the best time to buy a car is at the end of a period, such as the end of the month, calendar year, year of manufacture of the vehicle, and car design cycle. But, of course, there are certain times when it is better to buy used cars.
No one wants to rush between car dealerships or drive around town to try out a used car for private parties in the dead of winter, so demand (and prices) tend to be lower during the winter months. Likewise, January and February are the weakest months for car sales as consumer spending tends to drop after the Christmas holidays. That’s why December (more precisely, the last week of the month) is the best time of the year to buy a car.
When’s the Best Time To Buy A Car In Canada?
It’s no secret that the most important deals and discounts on new cars will roll out before the end of the year, an old tactic used by manufacturers and dealers to clear leftover inventory of current models to make room for next year’s models. As a result, holiday sales can offer hefty discounts on car prices until the end of the year. For example, according to TrueCar, you can save up to 8.3% on the price of a new car if you visit a dealership on New Year’s Eve and not any other day.
In the week or so after the last day of the month, quarter, or year, dealerships are likely to have more used cars traded or leased back. Because the holiday weekend is a popular time to buy new vehicles, with generous incentives and big sales at the car lot, many cars are coming back to dealerships as a trade-in or rental returns. Usually, some cars shine in dealerships for weeks, if not months, and it is these cars that sales managers are willing to sell at a considerable discount. As mentioned above, new vehicles are selling at an incredibly fast rate, and if you don’t buy, the dealership staff know that another buyer is just around the corner.
If you suddenly find yourself stuck because your old car broke down, you’re more likely to grab something new you might have in your driveway as soon as possible, and it probably won’t be profitable. So deal. This way, you avoid buying a car at a time you might regret and smile when you see your new car gleaming in your driveway.
For people who want to finance a car with bad debt, the best time to buy a car is when the risk of taking on more debt or ruining your credit is minimal. It might be a good time to apply for an auto loan if you can tick these boxes, even if your credit isn’t the best. If this happens to you, the need for a car may arise immediately, but you should plan your purchase anyway.
Once you’ve determined why you need a car, how often you need it, and if you want something new or used, it’s time to look at your finances. Or, if you’re new to shopping, check out our other tips for buying the right car, whether new or used. I’ve been researching car buying sites for a while now, and recently I’ve checked data from Kelley Blue Book, TrueCar, and others to determine when you’re getting the best price on a new or used car. This article will cover the best times to buy a car, including the best days of the week, the best times of the month, and the best vacations.
They say timing is everything, which is confirmed when buying a car. Waiting to buy a car at the right time of year, the correct month, or the right day can save you thousands of dollars. While going to a car dealership at the best time of year is a great way to save money, you can make sure you have more money to buy the car of your dreams by implementing a conscious spending plan.
Whether you’re looking to buy a new or used car, the calendar will only help you when you’re getting the best deal. We’ll tell you the best times to buy a vehicle, including the best day, month, and time of the year, and five other times when car buying will give you the best value for money.