When Is The Best Time Of The Year To Buy A Car? See Suggestions

Motor Intelligence went further to say, ''September falls within the height of this season. When it comes to getting a good deal on a car, it’s ranked among the best three months of the year for five consecutive years (2014-2018)''

When Is The Best Time Of The Year To Buy A Car? See Suggestions - Surge Zirc SA
A lady hugging her new car after a great deal discount experience / Photo file: Huffpost

As car manufacturers aren’t sleeping, pushing out cars with classic features which provides more comfort and luxury, making a choice to buy a car becomes more stressful than it should have been. Once you make up your mind to buy a car, then it’s almost like you’re in for a neck paining project that interferes with your thought every now and then until you take a step.

When you finally decide to walk to a car dealer‘s lot, their sales personnel wouldn’t give you a chill, as they are ready to ride you through options you never bargained for, couple with the fact that there’re lots of beautiful cars waiting for your choose. Though the most important point you need to note is that you’ve got a great deal in the process.

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The most important way to achieve that is making sure you’re shopping at the right time. A senior editor at Cars.com said, “Timing can be the difference between saving hundreds or thousands of dollars when buying a car.”

Suggested best times of the year to buy a car

For sure, there’re no guarantees in terms of getting discounts while buying a car. “No rule exists that dealers must increase discounts during a particular time of the week, month or year,” Mays said. “That said, certain points have signaled a higher likelihood of savings on a vehicle purchase.”

Considering buying your next car following the suggestions below, according to Mays.

First is December

Mays said, ”December has proven reliable for discount seekers in recent history. This time of year, automakers and dealers look to meet year-end sales goals and clear out inventory from the outgoing model year. In fact, December has ranked as the best month for incentives during four of the six years from 2013 to 2018, according to data provided to Cars.com by vehicle sales and leasing data company Motor Intelligence. Luxury brands, which seldom advertise big incentives, traditionally juice up lease and finance deals this month, often marketing them as opportunities to surprise loved ones with a holiday gift.”

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Second is September

Mays also noted September as one of the best time to buy a car. ”Though December provides a last-minute opportunity for car sellers to unload older inventory, the process starts a few months earlier. “Model year changeovers, where next year’s cars hit dealers this year, can happen any time, but the bulk have traditionally come in late summer and early fall. That’s when dealers want to transition their showrooms to highlight the newest models.” Mays said.

Motor Intelligence went further to say, ”September falls within the height of this season. When it comes to getting a good deal on a car, it’s ranked among the best three months of the year for five consecutive years (2014-2018)”

Third is the week after Christmas

Mays noted holidays as a great period to strike a car deal. “When those weekends coincide with the end of the month, a time when dealers are also trying to hit sales quotas, discounts can soar even higher. And when those holiday weeks come as dealers look to hit sales numbers and clear out year-end inventory, the stars can align for serious deals. Tyson Jominy, head of data consultancy for J.D. Power, informed Cars.com that the week between Christmas and New Year’s saw the highest new-car incentives of the whole year during four of the previous five years.” Mays said.

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Fourth best time is Memorial Day, Labor Day and Thanksgiving days

Speaking further on time to clinch a powerful car deal, Mays hint on holiday day experience. ”Christmastime isn’t the only big car sales week. Jominy also noted three other marquee holiday weekends for new-car discounts: Memorial Day, Labor Day and Black Friday. You need not necessarily wait for the weekend itself, as automakers and dealers increasingly roll out promotions in the days leading up,” said Mays.

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