New Auto Buying: When is Best Time to Buy a New Auto?
If you are considering buying a new auto in the near future, you’re probably already aware that there are a variety of ways to go about finding new autos online, especially now that the internet has become an amazing resource for locating new auto research and consumer reviews.
If you spend any amount of time on the internet looking at new autos and new auto reviews, then you already know that people have developed tricks and tips for how to get the best deal when it comes to being a new auto buyer. One of the most popular tips is how to figure out the best time during the year to buy.
If you think there may be some truth to the fact that there are better and worse times of the years to buy new autos, then it might be helpful to determine the different times that are more and less desirable to make a purchase. Most experts and independent sites agree that a good time to buy is by taking advantage of holiday periods when planning your trip to the auto lot. Research shows that dealers are willing to take prices to unprecedented lows around President’s Day, Labor Day and Christmas holidays. Take advantage of this fact, and save your car shopping until the nearest holiday. Many auto dealers set specific sales goals during the holidays and can be more flexible on the auto sale.
Another way to identify good buying times is to evaluate new auto pricing data and trends, by looking at current and historic market values. TrueCar.com is a site that does a very good job providing historic data on auto sale prices, and they also publish specific advice on the best days to buy a auto during the upcoming month. Edmunds.com and Kelley Blue Book’s kbb.com can be helpful as well. Predictive new auto pricing information can be found on many different types of websites, and it will help you to anticipate an increase or decrease in the price and value of a vehicle.
The End of Month and End of (Model) Year Effect
We also recommend considering the end of the month and the end of the model year as desirable times of the year to shop for new autos. Auto dealerships usually have monthly sales goals and the last few days of the month can be a very good time to get a good deal. Some sales people and dealers that are hoping for big bonuses will find themselves under pressure to sell a certain number of new autos by the end of the month or year. This means that they will be very interested in making sure you buy one of their new autos before you walk off the lot. And, when the new year is approaching the value of the current year inventory is dropping substantially so if you target the December holidays and New Year holiday to acquire a auto, you have a lot of negotiating power.
Keep some of the timing implications in mind as you begin your Auto buying process and at a minimum shoot for buying close to the end of the month.