After Christmas The Best Time To Buy A Car?
Im in the market to purchase a new vehicle. Ive been waiting for the end of the year to purchase a vehicle because i heard the end of year sales are amazing!
Is this true, if so would you say purchasing a vehicle now versus the day after Christmas will make a difference.
- GeoLv 62 months agoFavorite Answer
YES, And that's because of being the end of the month, end of the quarter and end of the year when they are willing to to take less to boost the sales figures. You probably know that you should have financing approval from a bank or credit union before you shop for a car. But with many cars available with 0% APR now, you probably won't need it...but you should have it anyway. You should look at the Credit Score minimums for the 0% APRs from the websites, it's probably in the 700s. Here's a good post on best time to buy: https://www.carbuyingtips.com/best-time-to-buy-a-c...
- TheRealLv 62 months ago
In direct response to Bone Alone's answer, there IS a right answer. Just about everything "some" said was false.
"Some people say it’s around Labor Day when you want to buy the current year’s model (2020 model vs 2021 model) because dealerships want to get rid of the 2020 model to make room for the 2021 models."
Not true at all. Dealers receive vehicles based on years of sales trends for that dealership and that particular region. Needing to "make room" for the new model year is nothing more than advertising. In addition, there is no set month for releasing a new model year. It may be September, it may be March, It may be November.
"Some people say it’s June because that’s the month where people buy the least amount of cars so dealers gives good deals just to get business going."
Not true. Sales are based on a lot of things, to include the introduction of new vehicles, seasons, etc. Also, June, like March, September, and December, is the end of a quarter, so sales are typically higher.
"Some people say it’s the beginning of the year if you want to buy last year’s model because a 2020 model isn’t considered a new model in 2021."
Absolutely false. A new vehicle is considered a new vehicle until it is sold and titled. 2018 sold in 2020 is still a brand new car. A new model year released in November will not be considered anything less than two months later.
Based on which manufacturer we're talking about specifically, the best time to buy a car is the last two weeks of December, and the first two weeks of January. Year-end sales goals are due to be met, though not necessarily on New Year's Eve/Day. For example, Toyota's sales month ends on the 5th of the next month.Source(s): 20 years retail auto sales experience.
- regeruggedLv 72 months ago
I think, statistically, the best time to buy from the lot is near the end of January. Sales are slow for the month and salesmen are trying to meet their quotas.
There is no guarantee that you'll get the best deal of the year at that specific time. Maybe you will, maybe not. You might find a good deal at a dealer who is trying to reduce inventory prior to the new year, but the choices of models, trim levels, options, and colors might be limited. Your best strategy is to start your price shopping NOW.
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- Anonymous2 months ago
Honestly, i don't think it matters when you buy it i have seen prices drop throughout the year. If you were patient you would check online every know and then to see when they have a price drop.
keep waiting because with everyone out of a job and the economy collapsing it would be a good time to get a car.
- Bone AloneLv 72 months ago
There is no right answer.
Some people say it’s around Labor Day when you want to buy the current year’s model (2020 model vs 2021 model) because dealerships want to get rid of the 2020 model to make room for the 2021 models.
Some people say it’s June because that’s the month where people buy the least amount of cars so dealers gives good deals just to get business going.
Some people say it’s the beginning of the year if you want to buy last year’s model because a 2020 model isn’t considered a new model in 2021.
I personally think it’s up to your negotiating skills. If you’re really good, you should be able to get a good deal anytime of the year.
Email a bunch of dealerships to ask for a price quote. Depending on how many dealerships are close to each other, you can get a price quote difference of 1000 or more.