Are you in the market to purchase a new vehicle? When it comes to buying a new car, timing is everything. Knowing when the right time to car shop can help to save you hundreds or even thousands of dollars. The Family Credit Union has come up with tips to help you save the most money when purchasing a new car.
When To Purchase A New Car
TrueCar.com and Kelley Blue Book advise new car shoppers to be aware of year-end and end-of-the-month deals. March, June, September or December are the best months to buy. Car shop during the week, especially Monday or Tuesday. This can also save you money because less foot traffic at the dealership means that salespeople are more likely to negotiate. Visiting the dealership in late afternoon rather than the morning can also be beneficial. It is a good time to negotiate for more favorable prices.
MSRP discounts are a great option for car buyers. The best time to get these discounts are between Christmas and New Year’s Day. Dealers tend to be under pressure to meet their year-end sales quotas and very few people choose to shop for cars that week. Another great perk is that manufacturers often will offer large rebates at the end of the year to clear out the lot with that year’s remaining model.
Next year’s models typically arrive in September or October. If you don’t mind purchasing the year’s current model, time your shopping to be in-line with the new model arrival. Manufactures tend to offer special incentives during Thanksgiving weekend as well.
The 4th of July and Labor Day are also good days to purchase a vehicle. In fact, Labor Day is considered the “Black Friday of Car Shopping”.
Do Your Research
Finding out as much information as possible on the vehicle you are considering is very important. Doing your research in advance can really pay off. Take time to shop around for the best auto financing deal with various lenders. Knowing that you’ve left the lot with the best deal will help make your new purchase that much better.
Avoid New Car “Upsells”
New car “upsells” can drive your price up. Things such as, glass etching, paint sealants, and fabric protection are just unnecessary add-ons to help the dealership maximize its profits. Avoid them to save money.
Need a vehicle loan? The Family Credit Union has you covered. To apply for a loan, visit our website HERE. We look forward to working with you!
