Car Buying in 2020: How to Ensure You Make a Car Purchase at the Right Time?
Posted: Jan 27, 2020
Buying a car and choosing the perfect time for buying a car makes all the difference. For starters, the price of cars keeps fluctuating throughout the year. However, if you time right for your car purchase, you can save thousands of dollars. Understanding a few tricks of the trade and researching enough at your local dealerships will give you an idea of the right time to purchase a car.
Timing is everything: Time Your Car Purchase to Grab the Best Deal
The following points will help you to understand the process of buying a car and how the role of right timing can be beneficial for you.
1. Be on the Lookout for Last Year’s Models
When dealership launches a new car model, dealership struggles with the inventory space. As dealers have limited space for display, they want to get rid of the old car models as soon as possible. Most car manufacturers release new car models in the summer months of July and August. Therefore, do not wait until the next winter to purchase a new car as manufacturers put heavy discounts on the last year’s models.
2. Check the Calendar
The best way to optimize your car savings is to time your car purchase earlier in the week and later in the month. The best day in the entire year to purchase a car is 31st December. The last day of the last month of the year will make the dealers slash their prices down drastically. Additionally, the start of the week will help dealers give better prices which will lead to greater savings. In the year 2020, August 31st is a Monday and also the month where new car models are released, thereby giving you a chance to time your car purchase to avail maximum discounts and savings.
3. Leverage All Holidays
The days such as Hanukkah, Memorial Day, Labor Day and 4th of July have huge discounts due to the holidays. While the dealership may be crowded, you are sure to get some solid discounts and incentives on the car. Make sure you research all the dealerships and figure out the one that offers the most benefits. Other than cash backs and incentives, you can also negotiate a lower interest rate and save on your auto loan. Therefore, it doesn’t hurt to time your car purchase on a holiday and avail hefty discounts.
Car Buyers! Be in the Right Place at the Right Time
Obtaining the best car deal is all about being in the right place at the right time. If you prepare and plan the purchase of your next car, you are sure to receive a great deal. The only thing nicer than purchasing a new set of wheels knows that you paid less and saved more.
Now that you know how important it is to time your car purchase, make sure you are ready for the process with pre-approved auto financing. Having an auto loan ready means, you will be able to take advantage of reduced dealer prices and buy a car quickly.
Are you ready to buy a car this year? Before visiting the dealership, make sure you get pre-approved auto loans. Apply now for guaranteed bad credit car loans at the click of mouse.
Rapid Car Loans doesn’t make co-signing compulsory for Washingtonians. You can get auto loans without co-signer and credit score by simply submitting the online application form.