 Car Buying Tips: When's The Best Time To Buy A Car
Posted by carsandtrucks on Friday, November 02 @ 11:26:49 PDT
When is the best time to buy a car? Honestly, there is only one time to buy a car. When
you need one! Yes, there are seasons when the dealers make attractive deals and the
manufacturers roll out the rebates but there really isn't a best time. A couple of
decades ago fall was when the new model year arrived. Dealers were overstocked with left
overs and were offering huge discounts. Today the new models can be introduced anytime
from spring to fall. That said most new model years are still arriving between September
and November. If you have a particular vehicle in mind ask the salesperson to show you a
left over and ask what the savings will be. There are times when the manufacturer will
assist the dealer in moving previous model year product with rebates to the dealer. These
unadvertised rebates will not be offered up, so be sure to ask. Something to consider
when buying
a leftover is the trade value 3-4 years down the road. Keep in mind the
leftover is a year older so the value will be less then that of the current model year.
There is less depreciation if the previous model year and current model year are
virtually the same. If the new model year is a total redesign then the previous model
years depreciation is accelerated. If you are one that leases rather then buys do not
lease the prior model year. You will find a dealer that will put you into the current
model year for the same monthly payment. Lastly, NEVER buy the hot product and pay over
sticker. Every year it seems a manufacturer introduces a product everyone wants. In the
beginning the supply is limited and dealers ask over sticker. If you buy this car for
5000.00 over sticker you are not going to get that money back when you trade it in.
Eventually the manufacturer will put thousands of these vehicles out and yours won't be
worth a dime more then any other one.
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