The answer to this is there is no default exact time set for all which will be best. It actually depends – to whom you ask, what your budget is, what is your financial situation and what are your needs and wants.
Buying a car is something which needs big investment. Be it on installment, credit cards, bank transfer or any other financing options.
It should be thought of thoroughly and the decision should be taken with patience and obviously after doing necessary amount of browsing.
If you are one who is planning to buy a car, you can check on these few time spans enlisted below and the reasons why they are effective.
1. Wait for the month end –
According to Edmunds, most dealerships have certain sales quota for every month and by the month end, if the dealerships don’t hit the sales quota then they would be more motivated to make the sale to reach the target and can hence go a bit lenient with the pricing.
This in turn implies that you can have a room to negotiate on that vehicle by shopping at the month end.
2. Shop during event holidays –
Most of the dealers hold sales on holidays this in turn helps you to make bigger savings if you are buying car during holiday weekends.
Reports also say that dealerships also offer higher rebates and special financing during holiday events.
You can take in note of the Christmas – New Year holidays, Presidents Day and other festive events for buying your car.
3. Wait for the year end –
Most dealerships prefer fewer inventories of older models going into New Year and needs to meet yearly sales goals. This is the reason why reports state that many dealerships offer their best sales during the end of the year.
4. Wait until a car’s design cycle ends –
Many models of cars are redesigned or even discontinued after it is launched in the market .This allows buyers to get bigger savings at the end of the car’s design or life cycle.
Edmunds warns that if a car is being discontinued, it may depreciate faster.
Just do some researches and get to know the reason behind the discontinuation.