The Best Time To Buy A New Car
Over the past year, we’ve witnessed unprecedented supply chain issues, leading to rising costs and a shortage of new vehicles. More than ever, taking advantage of these optimal buying windows is key to maximizing our potential savings.
End of the Year
It’s the most wonderful time of the year… to buy a car! While dealerships have generally been impacted by the effects of supply chain issues, there is still inventory to be sold. When it comes to getting a good deal on a new ride, delaying your purchase to the end of the year can prove beneficial to you and your budget. Most dealerships are looking to clear their lots to carry over as little inventory as possible into the new year and their sales staff are incentivized accordingly. This is a great time to shop around your nearest lots for a deal on newer models.
End of the Month
While the end of December is excellent, you can typically score savings at the dealership around the end of any given month. After all, your local salesman has a monthly sales target to reach and you may find yourself at an advantage when it comes to negotiating price during this time. And like we said, if you’re in the market for a new car now, you may find yourself in position to double-up with month-end and year-end savings.
Holiday sales are not just for department stores and shopping malls. Dealerships love a good holiday sale, too. Typical shopping events like Black Friday and New Years are great times to score budget-stretching deals. Not in the market just yet? Many dealerships will jump on any holiday as a chance to boost sales numbers, so keep an eye out for savings opportunities around those early holidays like Presidents Day or even Valentines.
Once You’re Prepared
Now that you understand the role timing plays in scoring a great deal, the truly ideal time to buy a car is once you’re prepared. As we mentioned at the top, buying a new car is a major purchase — prepare yourself and your wallet by getting pre-approved and knowing exactly how much you can spend. By taking this step first, you won’t have to worry about a great deal slipping away, because the Check-In-Hand loan is already in your pocket. You’ll also have the peace of mind knowing that you locked in an excellent rate and monthly payment terms that suit your budget!
If the time is right for you to buy a new car, be sure to secure your financing with Call Federal! Apply now by giving us a call, visiting one of our convenient branch locations, or by completing our online application.
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