Personal Finance Saving

When should you buy a car to grab the best deal and save money?

Do you know that buying a car at the best time of the year can save you lots of money in 2019? If you’re planning to buy a car in 2019, then you should definitely read this post and find out when is the right time to meet a car dealer.

When should you buy a car to save money?

The best time to buy a car is in December. I know you’ll ask me why. I’m trying to explain in the best possible way.

December is a special month. It marks the end of the last quarter and the year. Car dealers and salesmen have monthly, quarterly, and yearly targets. They have to sell a specific number of cars by December 31, 2019. The annual bonus of the salesmen depends on achieving the dealer’s sales goal. That’s why the last day of December is the best time for buying a car.

Experts say that you can expect to get an 8.3% discount on the price of the new car on New Year’s Eve. This is the last day to meet quarterly and yearly goals. Like all of us, the dealer also wants to begin the New Year with a fat bonus. As such, they want to sell as many cars as possible on that day.

The next best time to buy a car

Sometimes, you need a car urgently. What will you do then? Well, in that case, you can buy a car on the last day of the quarter. A year has 4 quarters. So technically, you should visit the dealer on March 31, June 30, September 30, and obviously December 31. You have already missed the last date of the first quarter. Your next target date should be June 30, 2019.

If you can’t wait for even a month, then the end of the month is another suitable time for you. The salesmen have to meet their monthly goals. So they can offer you a good deal just to meet their monthly quota.

If you don’t have a patient bone in your body, then I have nothing to say. Just keep in mind, Sunday is not a good day for savings. Most people go to a car dealer on Sunday. The dealer might not be ready to give so many discounts since there are too many customers on that day.

Monday is a good day for buying a car. Statistics say that people can save 61% more when they purchase a car on Monday.

Take advantage of the special sale days because you can actually save a lot of money on cars. Car companies often offer cash-back deals during those days. Dealers want to make the most during that period. So instead of enjoying a party with your friends in the Labor Day weekend, go to the car dealer and explore all the deals. Find out if there is any lucrative deal you can snag.

Planning to buy a car? Hold on, dude! Wait till December 31, 2019. The best deal on a car will be available on that day. Have patience!