Deals on cars vary throughout the year, and no one wants to pay sticker price for their new car. So when is the best time to buy a car? Most often you can score a new car for 7 to 8 percent below the MSRP, depending on the car and when you decide to buy. There are times when you can maximize discounts and really save a bundle on your investment. You’ll want to purchase when incentives are at their highest. Surprisingly, those deals aren’t always on the big holiday sales weekends or when dealers are running their ‘best’ specials of the year. Check out our top tips and learn just when to buy your car for deep discounts and maximum savings.
The Best Day Of The Week
Most people don’t take time off work to go look at cars, so they tend to buy on the weekends. However, Monday is the best day to buy a car because the discounts are so very deep. Most dealerships don’t sell many cars on Monday, so they tend to offer more incentives and lower interest rates to get that sale. Be sure to find your car’s value before you try to trade it in. That way you can lock in an offer at a lower price overall. www.cars.com has tools to help you find the value of your trade-in and compare new car models, so you get the most bang for your buck all on one website.
The Best Day To Lock In A Deal
You want to buy on a day that has a sales goal trifecta. The trifecta includes: monthly, quarterly, and annual sales goals all in one glorious day that gives dealerships huge bonuses for selling the most cars. That day is New Year’s’ Eve. While everyone else is partying like it’s 1999, you should be buying a car to save the most money. The monthly, quarterly and annual sales goals met that day can give you a whopping 8.3 percent in savings on the MSRP. As for more discounts and a lower interest rate – and you’ll save even more on the final price.
The Ultimate Bonus Day For Car Sales
If you don’t have time to lock in a deal on New Year’s’ Eve, you can still get your top sales day by being a day late. New Year’s Day is also an amazing day for saving money on a new car. While dealerships have already agreed to low prices, buyers are more apt to get that great deal a day later when no one is selling cars at all. While most people are recovering from parties and watching bowl games, dealers are really slashing prices to get those first of the year sales goals met. If you’re not in the financial position to buy in January, October is another great month to find high sales periods. This is also an amazing month for truck sales in particular and you can often save up to 8.1 percent on the MSRP.