My Car Quest

July 16, 2024

When Is the Best Time to Purchase a Car?

If you’ve been thinking about buying a new car, there are certain times when you’re more likely to get a better deal. It helps to know the best times to purchase a car and start your comparison research beforehand. This will make the entire process much smoother while getting a car at the best price.

When should you buy your next car? According to Silent Auto Broker- Car Broker, these are the best times to shop.

End of Month

Car dealerships have monthly sales goals for their associates. As the end of a month approaches, you may have better luck scoring an amazing deal. Salespeople who need to reach their goals will often be accommodating about discounts to meet their sales quota.

End of Year

If you can wait to buy your car, you should aim to shop at the end of the year. October, November, and December are among the best months for securing those lower car prices. Wait until the end of the month in these three months and you’ll likely save much more than you would at any other time of year.

Holidays, Three-Day Weekends, and Special Sales

Weekends may be the worst time to shop for a car unless you shop on a three-day weekend. These typically tie into holidays and special sales. You can save a bundle shopping on New Year’s Eve and New Year’s Day.

However, if you aren’t ready to buy a car at the end of the year, don’t worry. See if you can make your purchase on one of the summer holiday three-day weekends such as Memorial Day, Labor Day, or Fourth of July.

If you can’t wait that long after the start of the new year, you can always shop on Presidents’ Day weekend in February.

The Best Day of the Week to Buy a Car

Unless you’re buying a car on a three-day weekend, you should do what you can to avoid shopping on Saturday or Sunday. Weekends are crowded and busy at dealerships. This can make the experience more stressful than it needs to be.

The best day of the week to buy a car may surprise you. Monday is the golden day when the dealership will be quieter and you’ll have more time to negotiate the sale. The financing office will be less likely to have a long line, which means you can get out of the showroom more quickly.

For those who can’t go car shopping on a Monday, keeping it early in the week will still work to your advantage. To really get the best possible price, you may want to wait until the last Monday of the last month of the year. However, if your current vehicle is wearing out, start your research now and you’ll be able to shop during one of the big holiday sales to get the savings you desire.

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Photo by Rangga Aditya Armien on Pexels.

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