when is the best time to buy a car?

Question

i wanting to get a car sometime soon. and pretty excited but i know the best time to buy is in August. but other than then when is the best time to buy? give me some thoughts on this. please. i would appreciate it.
thanks

Answer 1

Augest isn't really the best time to buy... the best time to buy varies per person but usually the best deals are in late November early December due to dealerships making room for all the next years inventory! You can always get cheeper than what the sticker says and make sure you shop around! They all want your business and they will lower the price if someone else does!

Answer 2

It really depends on the make and model. I'll give an example: Say you want a Toyota, lets pick the Corolla. Right now, the 2007s are on the lot and the 2006s are stacked up in the used car sections at the Toyota dealerships, two dealers in my area literally have 20 of them, all leaseback 2006 models with around 20,000kms on them.

In this situation, if you're not paying cash, its better to go for a new 2007 because they'll offer a MUCH lower interest rate (My brother wants one and the 06 is like 9% interest where as the 07 they said like 3%) so the payments are lower, you'll probably end up paying less for the car in the long run. Reason for these incentives is because they WANT you to buy a brand new car. They can get rid of the leasebacks, but they want the new cars to keep selling. Right now, with that model (and probably others too, have to look into it), you can take advantage.

So in the case above, the best time is NOW. For that particular model that is. Otherwise, best I can think of is end of the model year when the brand new cars are being shipped and they want the previous year cars off the lot. It doesn't always work, but IMO, it works better than end of the month. Even if the salesman has a quota, you never know if he's met it already or how desperate he is to make the quota.

Hope this helps!

Answer 3

Anytime is the right time. We have sales everyday. End of month, end of day, the clock strikes 12, it does not matter. Depending on the car, and how available it is, you can deal everyday. I will be, as a guideline, more aggressive pricewise if it is an dated unit, meaning I'm more apt to discount that car more. If I just got it in, I'll stay tight to my asking price. But if you walk on my lot,and pick out a car, I'll will do my best to sell that to you at a price we can both can live with.

If that does not help: any rainy day mid-day or mid week is a good time to make a deal. Reason being, it's probably very slow those days, and the management will do almost anything to sell you a car.

Answer 4

Some people will say August, some will say September, because of "last month of the model year"...that no longer rings true...Some vehicles start up production in the spring (for the following year) or even in the summer...All depends upon the specific vehicle your looking to buy.

Also, depends upon the particular vehicle. If it's a vehicle in high demand, your hard pressed to find a good deal, specially one which has low depreciation. Sometimes you can get the best deals by buying a used car with just 1-2K miles, with high depreciation...greanted, you can't pick your colors and options, but it's an idea.

But again, depends upon the model you seek actually...

Hope this helps... :-)

Answer 5

Any time there is a sale is a good time...beware the fine print though, especially regarding leases. Low APRs like 1% or 0% make me go *SQUEE*. End of the month is typically a good time; Also, go shopping late in the day, as in 1 or 2 hours before the dealership closes to make any negociations (time is on your side then). I discovered the best time to buy is actually June--for many car dealerships this is the end of the fiscal year. Go in there in early June, make an outrageous deal offer and tell them "I'll see you at the end of the month" since some car salesman has got to meet their quota.

Answer 6

Other than buying at the end of the month/year, also buy a car between four and eight years old. Cars usually run at least 13 years if they've been treated right, but most of the depreciation happens in the first three years. If you buy a car between four to eight years old, the depreciation has already occurred, but it should still be a dependable car for years to come.

Answer 7

if you want to get the attention from the salesman that you deserve, go mid week. anytime of the year is a good time. if you are considering a brand new model, it would be better to wait for a factory incentive. Manufactures go thru 4 price increases a year. if the model is not a hot seller, and is very stagnant in sales, the price can decrease. but so will the trade in value in the years to come.

it doesnt matter if its the beginning of the month, mid month or end of the month- the dealer still has to sell cars.

salesman for 8 years.

Answer 8

End of the month, late at night because the salesman does need the sale and most likely he will be thinking of getting this last sale for the night and then going out to get drunk and figure out why he sold you the vehicle that cheap.

Remember to get all quotes and promises in writing both by the salesman and if possible by the sales manager.

Answer 9

Depends on the make & model.... but generally major holidays like Thanksgiving & Christmas is really slow for dealers so they're more desperate.

Last day/weekend of the month is always good.... also when the next year's models arrive in the fall.

But if you're a good negotiator, you should get a good deal anytime, anywhere.

Answer 10

When they have the 0% financing for X # of months.