Experts agree: the best time to buy a car is when you really need one. Whether you’re trying to determine the best time to buy a new car or the best time to buy a used car, the truth is that your individual requirements will dictate when is the best time to buy a car.
Let’s say your current car suffers an expensive breakdown. Your choices are to fix the old car, or take that money and put a down payment on a newer car. If you elect to buy a new car, it doesn’t matter when is the best time to buy a car – you need a different set of wheels right now. The good news is that there are always bargains to be had on any given day of any given month. You just need to find them.
Now, if you simply want a different car, you have the luxury of waiting until the best time to buy a car. If you are shopping at a dealership, the best time to buy a new car is close to the end of the month. That’s because everyone is trying to make his or her numbers for the month, from the auto manufacturer’s employees right down to the salesperson on the showroom floor. Special incentives and rebates are typically offered near the end of the month, and sometimes dealers are willing to sell a new car below cost in exchange for reaping potential incentives paid for selling greater numbers of a particular make and model.