Buyers check out two things in a car deal: price tag and incentives. They change monthly depending on the demand, new rollouts and promos, and other economic factors. If you’re a cautious buyer, you’ll most likely watch for when prices are lowest, and when dealerships offer the best incentives. Even though car prices can reach an all-time high especially for popular models, you can still find a deal that suits your criteria if you know where and when to look.
While the best time to buy a car may vary from buyer to buyer, as each one’s financial situation is different, historical data tells us it’s probably the same for everyone. After all, there are certain times of the year when car dealerships will significantly lower their prices and add more incentives–an offer even the most penny-pinching buyer can’t refuse.
Like most buyers, you’ve probably been told to avoid buying from late winter through summer. That’s undoubtedly good advice given the exorbitant prices during this period, but it’s not entirely accurate. We’re still in summer, but you’ll notice that some dealerships are already starting to slash their sticker prices by 10 to 20 percent. That’s because they know manufacturers will release their new products soon, and they have to clear their current portfolio before that happens.
Getting rid of unsold units is not easy, even for a successful Dodge dealership in El Paso, TX, which is why they prefer to start selling current models as early as August. Some say dealerships only offer incentives in December, but many of them light the bargain torch in late summer. And it’s probably best to buy around this time because many unsold models are still available. If you keep waiting until the end of the year, you might not have many choices.
Fall is notorious for its many festivals and celebrations, which the retail sector enjoys participating in. Black Friday, for instance, is a date to mark on your calendar. Many car dealerships have made it a tradition to offer a Black Friday deal to their customers. Remember that their prices have already started going down in late summer. So, you can imagine how low they can get if dealerships trim them further on Black Friday.
Car prices are lower towards the end of the year when Dodge dealers in Alamogordo, NM are almost done clearing their showrooms. Also, expect some dealers, whose eyes are locked onto their year-end commissions and bonuses, to sweeten the deal further to get you to buy the remaining items in their catalogs. Meanwhile, some dealerships have a quarterly quota to meet, which is why you’ll typically see bargains every three months. So if you can’t wait for the year-end sale, watch out for quarterly promos instead.
Spotting Aged Inventory
Another way to save money on car purchases is to find aged inventory. These are cars that have been listed the longest and are still available. Like any other retailer, car dealerships find it troublesome when they can’t sell a particular product. And they know the only way to get rid of it is to lower the price even further. This desperate move by dealerships can be an excellent opportunity for you.
When you see a car model you like, run it on tools like CARFAX to know when they were listed and for how long. You’ll realize just how much the dealer wants to sell the car by how much has been stripped off its original price. Also, it will help ensure a safe and smooth purchase flow if you research the dealership. Remember only to buy a car from a reputable dealership. Check out Viva CDJRF for more helpful tips.