The Best Time of Year to Buy a New Car (and How to Negotiate) Buying a new car is one of the largest purchases most people make, and timing can make a difference of thousands of dollars. Dealerships work on quotas and seasonal cycles, which means certain days and months consistently offer better deals than others. Here is when to buy and how to negotiate once you are on the lot. End of the Month, Quarter, and Year Salespeople and dealerships have monthly, quarterly, and annual sales targets. Shopping in the final days of any of these periods means staff are more motivated to close a deal, sometimes accepting thinner margins to hit a bonus. The last week of December often combines all three pressures for the strongest leverage of the year. When New Models Arrive As next year's models roll in, dealers are eager to clear the outgoing inventory. Late summer and early fall are prime times to find discounts on the current model year. You give up having the very newest version, but the savings on a nearly identical car can be substantial. Holiday Sales Events Major holidays such as Memorial Day, Labor Day, and Black Friday bring genuine manufacturer incentives and dealer promotions. These events are heavily advertised for a reason, and the financing offers can be especially attractive. Just be sure the headline deal applies to the specific trim you want. Do Your Homework Before You Negotiate Walk in knowing the invoice price, current incentives, and the fair market value for your area. Get pre-approved financing from your bank so you can compare it against the dealer's offer. If you are also weighing a used vehicle, our guide to the most reliable cars ever made can help you choose a model worth the investment. Negotiate the Out-the-Door Price Always negotiate the total out-the-door price rather than the monthly payment, which dealers can manipulate by stretching the loan term. Keep your trade-in and financing as separate conversations. And never be afraid to walk away; it is the single most powerful negotiating tool you have. Reliability matters long after the sale, which is why the models that routinely last 300,000 miles hold their value so well. The Bottom Line The best time to buy a new car combines smart timing with thorough preparation. Shop at the end of the month or year, watch for model-year clearances and holiday events, and negotiate the out-the-door price with confidence. A little patience can put thousands back in your pocket. Advertisement Advertisement Join our Newsletter, follow our Instagram page, and connect with us on Facebook.
Liked by Jackson Gagnon, Nathan Labelle
Liked by Jackson Gagnon, Nathan Labelle
Liked by Jackson Gagnon, Nathan Labelle