So, you’ve been scrimping and saving to buy a new car. But is now the best time for the best deal? Before you spend more of that hard-earned money than you should, we’ve got some tips on when is the ideal time to buy a car.
No Weekends
While the weekends might be the easiest time to hit the car lots, it’s not the best time to make a deal. Busy weekends aren’t the right time to negotiate. Mondays – Wednesdays are quieter, which makes them the best days of the week to buy a car.
Late in the Month/Quarter/Year
Car salespeople usually have sales quotas with deadlines that fall at the end of the month, quarter or year. It’s deadlines like these that will help motivate your salesperson to negotiate a better deal with you. Just keep in mind that quota deadlines aren’t always the absolute end of the month, some fall a few days before. You might want to visit the dealership around the 26th to 28th.
Holiday Sales
From shopping for furniture and televisions to cars, the holidays are a great time to save money. Retailers and car dealerships alike use holidays as an opportunity to offer sales and attract more customers. Plus, car manufacturers may offer decent rebates at these times. But not all holiday sales are created equal. Christmas, July 4th and Memorial Day and Labor Day weekends are prime times for finding a discount. However, shopping on New Year’s Eve is one of the best days of the year to buy a car.
New Model Time
There’s probably no better time to buy a new car than when dealerships are looking to clear out old models to make room for the new. As long as you’re in the market for the model year that’s going out, you could find some sizeable incentives waiting for you.
Whatever your plans are for buying a new car, we’d like you to make WWFCU part of the process. Not only do we offer auto loans for new or used cars at great rates, we also offer AutoSmart, which lets you research and shop for a vehicle. Once you get your new car, WWFCU also offers auto insurance at a discount through TruStage.