is this a good time to buy a new 2007 car?

Question

it's august 13, would it be a good time to go buy a 2007 car, since they need to make room for the new models? about how much off the msrp can i get off? i've read the dealers have a last part of the month quota to meet also, so would waiting another week be worth the risk of someone buying the 2007 car i want? it's a mazda btw

thanks for the responses so far. will the dealer replenish the 2007's if they sold the ones i want if i wait a little longer? or once the 2007s are gone, they are gone

Answer 1

If Mazda has got a special program on the vehicle of interest with an expire date then its a good time to buy within the time frame.

I been selling cars for 30 years and if you want an explanation as to when I think is the best time to buy a car, go to this link on my website http://www.usedcartips.org/besttime.html

Answer 2

There's a widespread myth that the best time to buy a current model vehicle (in this case a 2007), is after the new model year is introduced (typically around Labor Day), but this is only true if you're open to buying one of the "dogs" on the lot. Although it's illegal, car manufacturers still strong arm dealers to take these "dogs" in order to get the models that are hot that they really want in inventory. For example, try finding a Mustang GT at a Ford dealership; what you'll typically find is maybe 1 or 2, but they'll have 20 or 30 "stock" Mustangs on the lot. They'll deal on the stock model, but not the upgraded one (which by the way they've typically also marked up).

Bottom line? The best time to buy any new vehicle is the last day of the month, particularly if it falls on a Monday. Monday's are known in the car business as the deadest day of the week and dealers have more "wiggle room" the last day of the month with respect to price because they get kickbacks from the factory that escalate based on the volume they drive every month. (otherwise known as "dealer incentives").

Answer 3

I'm about to trade in my 55 plate Mazda 2 for the brand new Mazda 2.

I've already got a good deal, simply by waiting a bit longer as car dealers need new sales so the later you go the better it is for you.

Also, it's worth buying a copy of Auto Car magazine as it lists prices of what cars should be at. Read up on the target price of your chosen model and then when the salesperson says he can't offer any lower, just show the magazine and say match this price or you are going to leave!!

It worked with first time arround as I managed to save £1500 on the price and also got free metallic paint worth £350 thrown in!

Also, you need to be pushy with them not the other way around. All they see you as is a sale and will say anything to get you convinced.

Lastly, play them at their own game by saying you went into a different branch and they were offering you the same car for £1500 less, after all, it's also branch versus branch.

Sunday's about 1 1/2 hour before closing time is a good time to go!

Good luck!

Answer 4

I can't answer all your questions, but the best time to buy a new car is at the end of the month (the last few days) and if you can wait until Oct/Nov, it is even more imperative for dealers to move the 07 cars off the lot. My mom got a really good deal on her Nissan Sentra she bought in December actually so the later, the better! :)

Answer 5

All new car dealers have large inventories to move at this time. Please understand understand you'll be taking a double hit on trade in value of you pick a new 07 at this time. You'll loose the usual big first year hit (07 depreciation) even though you have not bought it yet. Next year 08 depreciation won't be as bad.
What ever you decide get the best deal you can at this time.

Answer 6

if you are going to buy this month wait untill the 29th or the 30th and go work a deal. first of all you can get it at invoice and make them give up their hold back. when you get in to the finace office make sur this is a buy rate make them show you the buy rate. great luck have fun

Answer 7

actually, December is because they want to get rid of their stock. I bought my car in October and got a really good deal. Go to consumer's digest and they have the best answers ever.

Good luck

Answer 8

it's a good time to buy new. making room for the '08 models. step up. tell them you want a good deal, but don't expect anything ridiculous like half off or anything like that. maybe 10-15% using rebates, etc.

Answer 9

you can get clearance prices at the end on the year, on unsold cars and trucks,

Answer 10

perfect time