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Buying a car | 31.03.2014 - 22:53

When are the Best Times to Buy a Car?

Strategically planning when you buy a car will help you get the best deal. Find out what times are the best to find a car.

Buying a dependable car for a reasonable price requires extensive research, some bargaining skills, and impeccable timing. Yes, believe it or not there are specific times of the year when buying a car is cheaper than most other months. If you're looking for a good deal, knowing when car prices get slashed can save you a few hundred dollars without sacrificing quality.


End of the Year Sale


Car dealerships have yearly quotas and there are incentives for salespeople who meet those figures. You should capitalize on this and wait for the last two weeks of December to purchase a new car. At this point, dealerships are at the edge of their seats, trying to meet their quotas. The sales incentives are sometimes huge enough for dealerships to slash up to $4,000 from the original price.


End of Every Quarter


Similar to yearly quotas, dealerships are also provided bonuses when they reach a quota for every quarter. If you can find a dealer who is currently behind his monthly quota, it only takes some negotiation to get a good discount. This is more ideal for people who cannot wait to buy a car at the end of the year.


When No One Else is Buying


As the basic principle of economics explains - low demand plus high supply equates to lower prices. Thus it makes sense to buy a costly item like a car when there's no one else buying it. This can be either a car model that's been outdated or the latest one but failed to wow the crowd. You want to avoid visiting your car dealer when they've got tons of buyers. Getting them to negotiate within your terms can be difficult if not impossible.


Buy When You Know What You Want


It can be an expensive mistake when you try to buy a car when you don't know what you really want or need. Trusting the reassuring words of salesmen is a bad idea as well. You have to research possible options yourself, take time in knowing each car's features and advantages, and then filter out the options until you arrive with only one.


Knowing when best to buy car not only saves you tons of money, but can also make the experience less stressful by avoiding crowded dealerships during certain months of the year.


Kara Masterson is a freelance writer from West Jordan, Utah. She graduated from the University of Utah and enjoys writing about business and finance and spending time with her dog, Max. Information credited to Beshore & Koller Ford.


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