Best Time to Buy a Used Car
Everyone knows some times are better than others when it comes to getting the best deal on a used car. While used cars already come at a lower price and better value than most new models, saving money is always on a consumer’s agenda. That’s raises a single question: when is the best time to buy a used car? Well, it turns out there’s not one specific time as deals tend to be going on all year long.
Time of the Year
Historically, prices tend to be lower towards the end of the year as dealerships try to sell as many vehicle as possible. While new car dealerships will aim to meet sales goals to gain more incentives from manufacturers, used car dealerships don’t have a manufacturer-provided quota.
Regardless, used car dealerships will offer great deals towards the end of the year, specifically around Thanksgiving weekend, Christmas, and New Year’s Eve. Drivers in search of a great deal can often find it then.
If you absolutely can’t wait to replace your vehicle or simply get another car, shopping in the beginning of the week tends to result in better deals due to low foot traffic. Making an offer towards the end of the work day is a great way to work out a deal as well.
Period in Your Life
Ideally, the best time in your life to buy a new car is when you can afford it with a little wiggle room. It may time a few years to get established financially, but there’s no need to fret if you’re struggling. Used cars come at lower prices and don’t experience depreciation once they leave the lot, meaning they’re worth exactly what you paid once you get home.
Many consumers buy a used car when they’re fairly young and still getting on their feet. The lower prices bring more affordable payments. Insurance costs tend to be lower as well.