Buying a car is a big financial decision that can’t be rushed. Taking your time to consider all the models, pricing, options etc is always a smart decision before putting down your hard-earned money.
But there are also specific timings where you can get the best deal possible when buying a car. So if you do find yourself on the fence about a certain model, and it’s close to that time, maybe it’s time to take the plunge.
At the End of the Month
Like many businesses, dealerships and sales executives have monthly targets to meet. When the end of the month is approaching, they may be lining up to offer you a deal especially if their sales targets have not been met.
The deal may be in the form of discounts or freebies such as free servicing or petrol vouchers. A tactic that you can use to buy yourself some time to think is to test drive a car you’re interested in earlier in the month, then close the deal at the end of the month.
At the End of the Year
Similar to month-end targets, dealerships also work towards year-end targets. If anything, the lucrative year-end bonuses are incentive enough for sellers to give even deeper discounts to attract buyers.
Furthermore, you may also find great deals on older models since dealers want to display the newest cars on their lot. If you’re flexible on the color and trim level, you can get very good deals on outgoing models, especially if they are due to be replaced next year.
During Special Festivals
Brands and dealerships love holiday-themed promotions. In Malaysia, dealers run promotions during almost every major festival, from Hari Raya to Chinese New Year and even Merdeka.
These festival sales offer discounts to draw in the crowds, and they are indeed worth your time to check out. But if you can, hold out until the end of the year to enjoy even better deals.
Plan Ahead If You Know You Need a Car
The best time to get a car is when you know you definitely need a new car. For example, your existing car may be on its last legs, and it is time for you to replace it. Or if you have a growing family, and your hatchback is too small to transport three children and your spouse.
When you have to get a new car quickly, you leave yourself vulnerable to mental pressure. You may not be able to think clearly and take advantage of deals because you need a new set of wheels now.
This is doubly true right now in the new car market. Decreased production due to the pandemic and the semiconductor supply crunch mean that customers are facing either long waiting times, hiked up prices or both. The situation is expected to last for several more months as supply chains slowly get back to normal. This is why buying a used car is a smart alternative – it’s ready for you and it is much more affordable than a brand new car.
When you start the buying process early, you can pick your target model, set your budget and obtain financing if needed. Thus, if you know you might need a new ride soon, planning ahead and shopping sensibly pays off (in the form of a good deal on your next car).
With Carsome, It Always a Good Time to Buy a Car
Sometimes, we are just too busy to think about buying a car, even though it involves a large financial commitment. But with Carsome, the process of buying a used car is made as transparent, seamless and convenient as possible. So, if you are looking for a quality used car, we have the largest selection of over 1,000 used cars that we have inspected thoroughly.
Carsome has monthly promotions that make every month a great time to buy a car. On top of that, if you purchase a Carsome Certified car, it comes with a Carsome Promise.
This is our Carsome Promise to you:
- Five-day money-back guarantee: If you buy a used car from Carsome and you happen not to like it, you can return it back to us within five days to get your full amount back. No questions asked!
- Professional inspection: All Carsome cars go through an inspection that covers 175 points to ensure it is free from major accidents, frame, fire, and flood damage.
- One-year warranty: Our journey with you does not stop after you buy a car. We will give you an extended warranty to ensure your vehicle is covered in your first year.
- Fixed price: The price you see on the listing is the actual full price of the car with absolutely no hidden fees. We practice full transparency in our costs to ensure you know exactly what you are getting.
Meanwhile, Carsome Certified cars are also reconditioned to be a “like new” car. All the paperwork is also done for you, including financing (if required) to further minimize your hassle and maximize your time.
So, go on, check out our monthly promotions and get your quality used car now with Carsome at carsome.my/buy-car!
Keyword: Is There a ‘Best Time’ to Buy a Car?