The beginning of the year is one of the most popular times for people purchasing cars. With so many new cars on the road, it highlights the fact that timing is important when purchasing a car if you want the best deal.
Based on research, experts recommend you leverage the following timing techniques to get the best deal on your next car purchase.
Tip #1: If you can wait, purchase a car during the summer months.
If you are like most people, you want your new car when it’s right for you; however, you could be purchasing a car at the worst time of the year. In fact, at the beginning of the year, there are a lot of people who are interested in purchasing a car using their tax refund. As a result, dealers may be less flexible in negotiations.
On the other hand, purchasing a car during the end of the summer or the beginning of fall, when newer models are being pushed harder than current year models, can save you money. You can maximize your car savings by visiting your car dealership Labor Day weekend. Newer models are on the lot, dealers have incentives to sell more, and other buyers are distracted due to the holiday.
Tip #2: Visit the dealer just before closing.
Like you, many salespeople are ready to get off work towards the end of the day. They are exhausted and really want to get home. You can use this to your advantage when you are purchasing a car. A salesperson who is ready to go home may be less likely to haggle with you before agreeing to a price. Using this method, you could save thousands off your new car purchase.
Tip #3: Purchase your car at the end of the month.
Another handy tip is purchasing your car at the end of the month. Of course, it doesn’t have to be the last day of the month, but that helps.
Salespeople have monthly quotas they have to meet in order to meet performance metrics. Any salesperson who isn’t meeting their quota is more likely to work with you when it comes to the price you pay for your car.
The less you pay for your car, the more affordable your overall cost. It’s likely that you will experience a rate increase on your auto insurance at some point. So you should work hard to reduce costs somewhere like when you purchase your car.
Ensure that your new car is covered. Call Salzberg Insurance Agency at (877) 757-6081 for more information on Florence auto insurance.