It is the time of the year. The time when automakers and used car dealerships entice potential customers with amazing discounts and money-saving deals. This holiday season is the best time to buy a car. What’s more, it’s an even better time to find a great deal on a car that works for you! Factor like the time of year you’re purchasing the car can have significant effects on the price you end up paying. However, we’ve done all the hard work for you. We have scoured the web for the best deals and discounts that are on offer right here in this post.
Read on to find out why the 2021’s holiday season is the best time to buy a car!
In general, public holidays and Black Friday, in particular, provide great discounts for cars. October, November, and December are great to go looking for deals if you’re looking to purchase a new car or even a used one. The end of a month or quarter usually translates into more-than-decent deals. Especially towards the end of the year. Keep an eye out for model changeover periods at car dealerships. Typically, these occur during late summer and go into autumn. Christmas Eve and New Year’s Eve are other days that hold great deals. Another convenient time to buy a car would be at the very beginning of the week when the dealerships are facing periods with poor customer demand.
The analysts at Way.com found that the last day of December (New Year’s Eve) is a perfect day to purchase a new car. You could stand to receive a discount of just over 10 percent off the MSRP (Maximum Selling Retail Price). Another common trend among potential car buyers is to make their purchases in the month of December. This is the time when automakers prepare to launch new models for the following year. Follow these tips and you’re guaranteed to get an average customer savings of 10% off the MSRP. To break it down further, this implies that you could stand to shave off a cool $4250 from the total cost of purchase on a car that costs over $40000!
As the year goes by, savings tend to rise – this is typically true with dealerships that are looking to meet quarterly and annual revenue targets. What’s more, in order to make more room for the newer models at the dealership, the current/outgoing model year cars receive heavy discounts. This usually leads to add-on manufacturer incentives – and that’s why holiday sales events are such a huge deal. The automotive details and price platform includes this general rule: The best time to purchase a new car is the end of the year, followed by the end of the quarter and the end of the month, in that order.
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