The Best Times to Buy a Car: Tips for Getting the Best Deal

Are you in the market for a new car? If so, you might want to pay attention to the timing of your purchase. While there are sales and promotions throughout the year, the best time to buy a car is typically in the final few months of the year, from October to December. According to The Wall Street Journal, this is when new models are released, and dealerships are looking to clear out older inventory to make room for the latest models.

But within this timeframe, there are even better times to buy. For example, waiting until the end of the month can lead to more competitive deals, as salespeople are motivated to meet their quotas. Additionally, shopping on a Monday, Tuesday, or Wednesday can also work in your favor, as showrooms are typically less busy on these days.

If you’re considering buying a used car, the same timing applies. The months of October through December coincide with the peak new-car buying season, leading to more trade-ins and a better selection of used cars at competitive prices. Another good time to shop for a used car is from early April to early May when dealerships are competing for customers after tax refund season.

In addition to timing, there are other ways to save money when buying a car. Getting preapproved for a car loan before you start shopping can help you negotiate a better rate. Doing your research on vehicle features and pricing can also give you leverage when negotiating with dealerships. And don’t forget to comparison shop at different dealerships to ensure you’re getting the best deal possible.

So, if you’re looking to buy a car, keep these tips in mind to help you score the best deal possible. Happy car shopping!