When is the Best Time to Buy a New Car?You’re thinking about buying a new car, but aren’t sure if the time is right. You’re even wondering if you should wait - this could be a smart move.
Waiting for the right time to buy your new car can really make the world of difference, not only to the car you get, but to your bank account too. But when is the right time?.
There is no “one size fits all” answer to this question. The best time of year is dependent upon the type of car you want, type of car you need and your individual circumstances.
Bargains can be found year-round for those on the lookout. But here are three of the best times to buy a new car.
1. Model Changeover
As exciting as purchasing the newest model may be, there is a price tag to match. This is why waiting for the new model of your favourite car to come in, is the perfect time to purchase the older model.
Why? Because that’s when the ‘run-out sales’ are on and when dealers are usually desperate to clear all the old models out of the showroom, to make room for the new ones.
This lowers prices and gives you more room than ever to put your best bargaining skills to use.
2. Happy New Year
Not only is purchasing your new car in January a very happy way to start the New Year, it’s a financially savvy one too.
Vehicles with the previous year’s build plate attached are generally harder for dealers to move into the new year, making them more aggressive than usual when it comes to price cuts and trade-ins. Once again, the dealerships are focused on clearing out the old stock, to make room for the new – giving you the opportunity to negotiate a bargain.
3. The End of Financial Year
Last but not least, it’s no secret that the End of Financial Year is one of the best times to buy a new car.
Dealerships are feeling the pressure to finish the financial year with a bang and offer significant savings as a result. So, you can take the time to compare the market and save. Don’t leave your new car purchase too late though, because if it’s too close to the 30th of June, you may miss out.
If you’re a business owner, there’s an added bonus, because buying a new car through your business may help you save at tax time, too.
Outside these three times, there really are opportunities to snap up a bargain year-round. You just have to be willing to negotiate!
Used cars via private sale are always a good way to save money, and you can offset any ‘lemon’ risks by purchasing an extended warranty at the time of purchase. If buying new, our fleet buying service can get you fleet pricing on your next purchase by leveraging group buying power -just ask your finance consultant about this service.
Think you know the right time to buy your new car, but need some finance to help?
At Auto Car Loans, we can help you save today and drive tomorrow. Apply online or over the phone today.
DISCLAIMER : The thoughts and opinions conveyed on this website are those of the authors only and are of a general nature. This does not constitute financial or general advice to you from Auto Loans Group. You should seek your own independent advice from a professional which is specific to your circumstances before considering any of the items referred to in this article, including finance, insurance, and car buying.