There’s no one definitive answer to the question of when is the best time to buy a car. However, there are certain times of year when new models are released and dealers are looking to clear out older inventory that may offer better deals for consumers.
The End of Calendar Year
It is the best time to buy a car near the end of the calendar year. For example, if you are looking to buy a car in December, you may find better deals because dealerships are trying to get rid of older models to make room for the new ones coming in January. Many times, these cars will have significant discounts on the MSRP.
The End of the Model Year
If you are not in a rush to buy a new car, another option is to wait until the end of the model year. Dealerships typically start selling the new models around August or September, which means that the previous year’s models will be discounted to make room on the lot. This can be a great time to snag a deal on a car that is only a year or two old.
Black Friday and Other Sales Events
Throughout the year, certain sales events offer great deals on cars. One of the most well-known is Black Friday, when many dealerships offer doorbuster discounts and other promotions. You can also usually find good deals around Memorial Day, Fourth of July, and Labor Day. If you keep your eye out for sales events, you may be able to find a great deal on the car you want.
Conclusion
There is no perfect answer to the question of when is the best time to buy a car. However, there are certain times of year when deals are more likely to be found. By taking advantage of sales events and waiting for the end of the calendar or model year, you may be able to get a great deal on the car you want.