i heard that in the summer is the best time to buy a new car. preferably in july.?

Question

if i were to do that, how much do you think the dealer would knock off since they will be bringing in the 2008's and because the car will be a year old?

Answer 1

It's best to shop for a car closer to tax season.At this time,dealers are trying to move old inventory to make room for the new. They also don't like going through the hassle of claiming there current inventory on there taxes. Every car not sold before tax time gets written of as lost profit and since they get there money back for that they are most likely more willing to cut you a better deal. If you can find out what the invoice price is (what the dealer payed for the car, usually about $2000 less than the sticker price,They keeep this a secret!) you can use that to your advantage and get a better deal.

Answer 2

July and August are great times to buy a car. The last few years the Manufacturers are who has driven the discounts. They have done employee pricing, deep cuts, rebates etc.

When it comes time to sell the '08's they have to do whatever it takes to get rid of the '07s. You'll find that the best discounts are not on the most desireable cars (they can sell those without incentives). Also, American cars are where the discounts are.

This summer you'll see Ford trucks get discounted heavily, Ford 500's too.

Chevy will do anything to move those HHR's.

Chrysler will have free PT Cruisers, their trucks should get cheaper, the new Sebring is out, eventually those 300's will go on sale.

I only wish Mercedes would have a rebate (keep on dreaming)

Good luck.

Answer 3

Yes, this is true. Buying at year's end is usually a good idea because of the new models coming out and dealerships get "itchy" to get rid of the older models.

This works particularly well when the car you want to buy is not a "hot seller". If this is the case, you can get a reduced price AND possibly a VERY VERY low interest rate out the door.

Try Ford. They're in trouble.

Nothing like an educated consumer! Good luck!