The best times to buy

September 26, 2011 12:00 AM

Drivers may not be aware of the fact that some times of the year are better than others when it comes to purchasing a vehicle. However, from a statistical standpoint, it's absolutely true that some months, weeks and days are better than others when it comes to discounts.

ABC News reports that discounts in December are historically higher than the rest of the year. Shoppers see 6.5 percent off during the holiday season, compared to just 4.5 percent the rest of the year. This mainly has to do with the fact that dealerships want to get rid of the old models to make way for new ones.

The end of the month is also a good time to buy. Dealerships try to hit certain quotas each month in order to snag a bonus from the automaker. If a dealer is close to hitting this total, they'll be more likely to give you a discount and add a sale to their column.

Saturdays are also "sale day" in the auto industry, when most people go shopping. It's typically easier to get a good price on these days, because a dealer doesn't want you leaving and shopping around somewhere else - many people block off full Saturdays to car shop.

Getting a deal on a new car can be great, but it doesn't mean anything if the car keeps breaking down. Keeping up with your vehicle inspections and tune-ups can help ensure that your new purchase keeps running for years to come. 

Back to news
Close