What is the best month to buy a new car? This question is often asked by those who are intending to purchase a new car. There are two different opinions saying when the best month to buy a new car.
The first opinion is saying that December is the best month to purchase new car. There are few chosen why December is chosen as the best month. First, December is the last month of the year. Car salesmen usually have yearly sales target that has to be fulfilled if they want to get bonus. Therefore, they don’t mind if they have to cut the price of a new car in order to increase their sales numbers and make their yearly goals. Second, the auto manufacturers often launch their new car model in the next year. In order to make room for the new models, the dealership don’t hesitate to give discounts for old car models. So, that their inventory can be cleared out and replaced by the new ones.
The second opinion is saying that July and August are the best months to purchase new car. This opinion is supported by the data that reported the price of new car and truck during July and August is lower than the average prices of the year, over the past five years. The data also reported that in summer the dealership actually give bigger discounts than December discounts.
Beside the question what is the best month to buy a new car, you may want to know the other best times to buy a new car.
- At the end of the month. Not only yearly sales target, car salesmen have monthly sales targets that have to be hit. They don’t openly public the discount prices like at the end of the year, but they are willing to lower the price if you can negotiate with them.
- When the new models are starting to be shipped. If you are looking for a cheaper new car, it is recommended to get information when the new models will be going out. When new models are on the way out, the dealerships will lower the price of their end-of-models, so that they can get cash to pay the new inventory and clear the space for the new models. New models are often launched in the late summer or early fall. But, there are auto manufacturers that prefer spring to start the shipment.
- At the end of the day. When the sales company starts to close for the day, the eager salesmen will see the buyer who is coming at the end of the day as their golden chance to increase their daily deal. Therefore, they will do anything, including give discounts, to make sure the serious buyer don’t walk away with empty hands.
- On Black Friday. Just like other stores which give holiday discounts for their items, the car dealership also offer good holiday discounts for their new cars.
So, what is your opinion about what is the best month to buy a new car?