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When You Should Buy a Car

When you are planning a new car, choosing the right time of the year can end up saving you thousands of dollars, and if the timing is wrong, you might end up leaving thousands of dollars on the table. The time of year, the car models, or even what day of the week can make a difference on the bottom line. We provide peace of mind from unwanted auto repair bills, with a long-term effect protecting your budget as well, and the comfort of knowing a solution is a phone call away.

DON’T BE  DESPERATE 

One tip, that you can follow year-round, is to buy a car before your current one has completely broken down beyond repair. We know there are some cases where that’s just not possible; though, being in a “must buy” situation can lead you to a bad car deal.

MONDAY

A general misconception is to go to the dealership right before it closes, in that way they will most probably give you a discount because they will want to go home. There is completely no evidence to prove this claim. The truth is, visiting a car dealer towards the end of the day, or during the weekend won’t help you get a good price on a car. Mondays are the best days of the week to grab a car deal. In fact, according to a survey average Monday discounts reach 8.1% off MSRP.

THE MONTH OF MAY

May marks the beginning of summer and the beginning of the dealership deals. Most notably, the Memorial Day. Memorial Day weekend is the first day of the summer holiday weekends where the dealers roll out promotions, sales incentives, & special financing. Moreover, it’s right before the New Year models begin to hit the market, so the dealer has more reason to sell the vehicles in stock to make room for the new models. This push of new cars to replace the old will be something that will continue to be favorable for the next couple of months of the summer.

THE MONTH OF OCTOBER

Around Halloween, the left-over models are sold at big discounts. In a same study, they state that the October 30th saw big savings across the board, but more specifically on pick-up trucks. Trucks, generally, had a harder time at the dealership, therefore, many previous models linger in the dealerships throughout the year and the new models will be arriving soon.

NEW YEAR’S EVE

This time of the year is the junction of monthly goals, quarterly goals, and yearly goals. This is the last occasion for the dealership to meet & surpass those sales goals because the more they sell, the more money they will make, and the bigger their bonuses will be. This can prove to be beneficial to the buyer, giving you the upper hand.

USING THE COMPETITION

A knowledgeable buyer is more likely to grab a good deal on a car. If you’re unable to time your car buying days accordingly, you can take benefits of financing deals, rebates, or the sales of the competitors. For instance: if your favorite model doesn’t have incentives, you can use the fact that competitors are offering deals to negotiate a better price on the car you want. After your vehicle purchase, just add a Concord Auto Protect Total Car Protection on your new car and you will be all set to go.