The best time to buy a car

To answer the question “when is the best time to buy a car?” we first need to ask you a question: what “time” do you mean? We will break down the best time to buy a new car based on the best day of the week, the best time of the month and the best time of the year:

1. The best day of the week

In general, people get better prices on weekdays than on weekends. The price paid on Wednesday is often the lowest. The working days are similar, but to get the absolute best price, Wednesday will be the best time to buy a car. The reason is that more people go shopping on weekends. As more and more customers stay, the law of supply and demand begins to appear. On weekends, they don't have to make such big discounts because they have more sales opportunities. If a tough negotiator withdraws, they will have another customer behind. In general, another benefit of buying within a week is that the parts and services department is open all day. If you buy accessories or need to install anything, they can take care of you.

2. Best time of the month

It is always easier to make a good deal before the end of the month. Sales quotas and salesperson rewards are calculated on a monthly basis. Dealers and salespeople have an incentive to get sales figures to their goals. This makes you a driver of negotiation. They may end up getting more profit by reducing the profit of the transaction. This is a typical win-win situation.

4. Best time of the year

When the car of the next model year starts to arrive in large quantities, if you are willing to buy a car for the current model year, this is a time when you can get huge savings. If you are not flexible enough to be ready for the model year next year, then it is not a good time for you. Dealers are working hard to clean up old inventory. They don't want to motivate people to buy new models that are just on the market.

The new model year is usually available in large quantities from September to October. When you buy the last model year, you must also accept that the selection will be more limited, and you may not be able to find the car with the exact options you want. Obviously, you won't be able to order a configuration for your specifications because the manufacturer has stopped producing them.

If the manufacturer produces the model you are interested in, "Jackpot", there will be a variety of discounts and rewards. However, this does not apply to the purchase of used cars. As at the end of the month, dealers and salespeople meet targets and quotas every year. For dealers, the annual total is more important because the quantity that the manufacturer will give them in the next year is based on the total sales for the year.

The best time to buy a car in a year is September, October and December. In December, you have three advantages, and if you buy the current model year, you can negotiate the most discount. Dealers have the incentive to sell these vehicles, and they want to meet their annual sales targets, and manufacturers may offer plenty of rebates and rewards.