Can the Date Affect New Car Prices?
When is the Best Time to Buy a New Car?
There is nothing quite like buying a new car. Other than a home, a person’s car will likely be the most expensive item they own. When there is this much money on the line, people can get nervous and panic, leading to making a bad decision. If there is a question our product experts are asked the most often, it’s probably, ‘When is the best time to buy a new car?’ Ultimately, the best time to buy is when the customer is ready; they have done their homework and are in a sound financial decision. Assuming all of those conditions are met, some times are more advantageous to the buyer than others. Let’s take a look at some things you might want to know.
Before we get too far into these tips, it’s important to point something out. Dealerships all over the world are struggling to obtain new vehicle inventory due to any of several reasons. Things could be getting closer to normal soon, but inventory remains tight in the meantime. We ask you to bear with us while the global supply chain catches up to a (hopefully) post-COVID world.
Should I Wait Until the End of the Month?
It isn’t much of a secret that salespeople have goals, and as the end of the month nears, and they are going to be eager to close as many deals as possible. Obviously, you will have no accurate way of knowing if a sales team needs a few more sales to hit their bonus. Car-buying experts suggest taking a long view.
Visit the showroom toward the beginning of the month, and test drive a few options. This will let the staff know what you’re interested in buying and that you’re in a position to do so. You’ll be able to tell if they’re eager to deal with you when you make subsequent phone calls and visits as the month winds down.
Is it Better to Wait Until the End of the Year?
Once November and December roll around, dealerships will be anxious to clear out the previous model-year inventory ahead of the arrival of the next model year. As we head into the Christmas season, your television is going to be filled with all kinds of incentives and leasing options. One study has found that December is often correlated with discounts of up to 6 percent off the suggested retail price. Manufacturers and dealerships alike are highly motivated to end the year with solid sales numbers. This is an excellent time to buy for more people.
If you have any questions about what is available at the Budds’ Chevy showroom, make an appointment with one of our product experts today.