When is the Best Time of Year to Buy a Car?
When is the best time of year to buy a car?
Thinking about buying a car? You can get a better deal by timing your purchase right. Buying a car at the right time of year can have a real impact on your final price.
Before you find the perfect deal for your new car, make sure you’ve got a car loan pre-approval in place. Getting this sorted in advance with Positive Lending Solutions will help you to ensure you get the best deal for the long term.
The best times to buy a car
So you’ve decided to buy a car, and you’re ahead of the game with car loan pre-approval in place? Great. Now it’s time to find the best time for you to buy your car with these top tips:
End of the month
Aim to purchase your car towards the end of the month – this is when dealers will be trying to reach their sales targets for the month.
End of the quarter
Go one better and figure out when the end of the quarter is for the car dealer – approach them as they’re coming up to the deadline and you could get a great deal.
End of the year
The end of the year is when most dealers will be looking to turn their stock and clear out old models before the new year. This can mean some great offers – but beware, this is an expensive time of year with Christmas and New Year. Never overstretch yourself financially just because it’s the best time of year to buy a car.
Limited time offers
Three day weekends often see car dealers offering great promotional deals. These are generally for a very limited time period so be cautious not to be panicked into signing up for a deal, buying a car then regretting it afterwards. Always get expert advice if you’re unsure of whether the deal will work for you.
To ensure you always get the best deals possible, get your car loan sorted as soon as possible. Positive Lending Solutions have one of the speediest services available to help you with buying a car so that you can take advantage of the great deals on offer at the best times of year to buy a car.
What times of year should you avoid buying a car?
You can look at some of the best times of year to buy a car and reverse them to figure out when you should avoid purchasing.
Start of the month
At the start of each month, dealers will be reluctant to offer too many reductions or deals on cars
Start of the new model year
Similarly, at the start of the new model year there will be far fewer offers as dealers will want to get the top price for new models, supplying the demand for those wanting the latest cars on the market.
Peak demand season
You should also think about the season and the weather. If it’s the height of summer and everyone is outside, it’s highly likely that the demand for convertible cars will be at its highest. You’ll similarly be better off buying a cosy SUV when it’s warm outside and no one wants to think about heated seats!
There are going to be situations where you need to buy a car and you can’t simply wait until the end of the year or for the seasons to change. However, if you do have the luxury of choosing when to buy a car, take a moment to consider when is the best time and plan accordingly.
So, if you’re thinking of buying a car, think ahead and get your car loan pre-approval in place. Speak to us today so that we can help make your dreams become a reality and get you on the road quickly and cost efficiently.