When you're in the market to purchase a new vehicle, is there a right time of year? The simple answer is yes. We understand that accidents happen and you can be put in a situation where you need to purchase a vehicle in a short amount of time, but, if that's not the case and you know in advance that you're looking for a new vehicle, you could save hundreds or even thousands of dollars by shopping at the right time.
So, when is the best time to purchase your next vehicle? Look for any of these events throughout the year to save on your new ride:
When the next year's model of the vehicle you've been eyeing is announced, it's a great time to purchase the current model. Although the two models will have some differences, most likely they'll be extremely similar. Purchasing the older model can save you thousands of dollars without you having to sacrifice the quality and features you love while also keeping some money in your wallet.
When considering an older model, remember that your resale value will most likely be lower due to the new model coming out.
End of the month
Many dealerships and individual salespeople have monthly quotas that they're looking to hit. These quotas generally come with a nice bonus if they're hit, incentivizing the salespeople and sales manager to meet their number - often by offering a better rate on the vehicle you're looking to purchase.
By visting the dealership at the end of the month, your sales person might know they're close to their quota and may be willing to sell the vehicle at a lower cost so they're able to meet their goal.
End of the year
Just like the end of the month, dealerships will have a yearly quota to hit. This means Q4 can be a great time to buy a vehicle. If you begin your car shopping journey late in the year, you're more likely to capitalize on the sales incentives that many dealerships have in place for their sales teams.
Many automakers want to move unsold inventory off their lots before the end of the year, meaning some dealers will even take a loss on a deal to meet sales objectives and rid "old" inventory.
Holiday sales events
You're no stranger to the shopping frenzy that Black Friday ensues throughout the country, but did you know that you can use holidays to your advantage when it comes to purchasing your next vehicle? Holiday sales throughout the year can offer big discounts, rebates, and financing on multiple makes and models of vehicles.
If you're in the market for a new vehicle, take a moment to think if you're close to any of these holidays:
- Memorial Day
- 4th of July
- Labor Day
- Black Friday
These holidays are heavily advertised by many car dealerships and auto companies alike, meaning it's a great time to score big on your next vehicle purchase.
Visit the #1 used car dealer in the Twin Cities
No matter if you've been planning to purchase a new vehicle or need one in a pinch, everyday at Poquet Auto is a great day to get a great price on vehicle. As the leading pre-owned car dealer in the Twin Cities, you’re sure to have a great experience when you visit Poquet. From the moment you step in the door, our professional staff will help you find the best vehicle, no matter the make, model, or price you’re looking for.