Afraid Of Missing Out On The Perfect Car?No Comments
We all suffer from a fear of missing out from time to time. Buying a new or used car can provoke this response for many - especially when faced with a steady stream of various dealer promotions and boasts by friends, family, or colleagues about that “really amazing deal” they just got on a new car.
Your car buyer’s journey begins with identifying a make and model that fits your needs and budget. As you settle on the type of car that you are looking for, the next challenge is finding the very best deal. Let’s face it, the perfect car is the make and model that you want but at the best possible price. So… knowing a few simple facts can help you save a fair amount of money in this transaction.
Just like the travel industry where prices vary for booking flights depending on the time of the year, there are also seasonal differences in prices for cars and trucks.The data shows that the best discounts on cars are generally found in the fall and winter months. Much of this has to do with the release and promotion of the new models and a push to clear inventories of previous years’ models. However, if you are truly in love with a specific car model it doesn’t necessarily mean that waiting to buy at the end of the year it is the right strategy. Popular models may not be discounted and it is difficult to predict exactly how inventories will be affected month by month. So while you may wish to plan to buy in the fall and winter, you can always find excellent deals at other times.
Generally, the best time to negotiate a great deal is at the end of a month. This is because car sales staff and dealerships have to hit a certain monthly quota to get a bonus. If salesman and/or the dealership are close to hitting their quota, they are often willing to slash their prices to trigger their lucrative bonus deals. Knowing this can be used to your advantage especially if you have done your homework and are ready to pull the trigger when the opportunity becomes apparent in your negotiations. If you return the following day after that calendar flips to the next month, your eager sales person may not remember your name.
Another way to find an excellent deal is to track how long a car has been in inventory. CarSquare not only searches the best car deals within your surrounding area, it shows how long a car has been in inventory at specific dealerships. This information can be used to help you negotiate a better price since the dealer is often motivated to get the car off the lot rather than waiting another month or two to find a buyer willing to pay more.
Knowing when and where to buy can help ensure that you don’t miss out on that perfect car at the lowest price.