Knowing the Best Time to Buy a New Car Can Save You Big Money
If you know the best time to buy a new car, you can save a
ton of money on the next car that you buy.
If you know the best time to buy a new car, you can save a
ton of money on the next car that you buy.
For most people, buying a new car tends to elicit a variety
of emotions: the thrill of looking for a new car, the dread
of having to deal with a car salesman, the concern at finding
the money.
This has lead to an awful lot of "folk lore" methods which are
supposed to save you money. However,it has left one big factor
unexamined; when is the best time to buy a new car.
of emotions: the thrill of looking for a new car, the dread
of having to deal with a car salesman, the concern at finding
the money.
This has lead to an awful lot of "folk lore" methods which are
supposed to save you money. However,it has left one big factor
unexamined; when is the best time to buy a new car.
There is one little piece of so called wisdom about this, but
honestly it's not really right anyway. So rather than spend time
dispelling the myths, lets get right to the meat of the matter.
You need to understand a little bit about how car dealerships work
in order to understand why knowing the best time to buy a new car
is important. Car dealerships, or at least car dealerships that
are selling new cars, are tied to the car manufacturers.
honestly it's not really right anyway. So rather than spend time
dispelling the myths, lets get right to the meat of the matter.
You need to understand a little bit about how car dealerships work
in order to understand why knowing the best time to buy a new car
is important. Car dealerships, or at least car dealerships that
are selling new cars, are tied to the car manufacturers.
So, basically, a dealership that sells Ford is, in some way, a part
of the larger Ford Company.
The manufacturer has numbers that they want the dealership to hit.
These numbers are pretty key in determining the kind of deal you
will get from the new car dealer.
of the larger Ford Company.
The manufacturer has numbers that they want the dealership to hit.
These numbers are pretty key in determining the kind of deal you
will get from the new car dealer.
If a dealership sells above the number that the manufacturer demands,
the dealership gets a bonus. This can be on the order of tens of
thousands of dollars, and the bonuses are determined monthly.
What this means for you is that the time of month. is the biggest
factor. determining when the best time to buy a new car actually is.
the dealership gets a bonus. This can be on the order of tens of
thousands of dollars, and the bonuses are determined monthly.
What this means for you is that the time of month. is the biggest
factor. determining when the best time to buy a new car actually is.
Dealers will, of course, deny this up and down, saying that they have
to sell cars all month long. But, the truth is, the best odds for you
getting the best deal, happens on the last business day of the month.
If a car dealership is ten cars short of their bonus numbers, on the
last day of any month, they are going to work hard and bend over
backwards to get anyone who walks on to that lot; to drive away in
a new car. This can lead you to getting the kind of crazy deals that
occasionally come along.
Which makes perfect sense, if you think about it. If the dealership
loses a thousand bucks on the car that they sell you but that sale
qualifies them for ten thousand dollars in bonuses, they are still
way ahead on the deal.
to sell cars all month long. But, the truth is, the best odds for you
getting the best deal, happens on the last business day of the month.
If a car dealership is ten cars short of their bonus numbers, on the
last day of any month, they are going to work hard and bend over
backwards to get anyone who walks on to that lot; to drive away in
a new car. This can lead you to getting the kind of crazy deals that
occasionally come along.
Which makes perfect sense, if you think about it. If the dealership
loses a thousand bucks on the car that they sell you but that sale
qualifies them for ten thousand dollars in bonuses, they are still
way ahead on the deal.
This makes the last day of the month the absolute best time to buy
a new car.
Most people think that the period just before the new models come in;
is the best time to buy a new car. Actually that is somewhat of a myth.
Yes, the dealers need to get the "old model year" cars gone and make
a pretty good deal to get the new "old model year" gone, but the savings
that you are going to get are false savings.
a new car.
Most people think that the period just before the new models come in;
is the best time to buy a new car. Actually that is somewhat of a myth.
Yes, the dealers need to get the "old model year" cars gone and make
a pretty good deal to get the new "old model year" gone, but the savings
that you are going to get are false savings.
You see the very minute you sign the papers and drive out of the dealers
drive way, your new "older model car" has become a year old. So guess
what? Your brand new car has already depreciated one year in value and
you haven't had the car 5 minutes yet.
So remember, the best time to buy a new car is the last day of the month.
If you are going to get a great deal, a deal that makes it seem like the
dealer might need to be committed, this is the time when you are going to
get it.
drive way, your new "older model car" has become a year old. So guess
what? Your brand new car has already depreciated one year in value and
you haven't had the car 5 minutes yet.
So remember, the best time to buy a new car is the last day of the month.
If you are going to get a great deal, a deal that makes it seem like the
dealer might need to be committed, this is the time when you are going to
get it.
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Want more great car buying tips?
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Discover the secrets behind dealer tactics, including the control exercises they're using on you from the moment you walk in the door, all the way down to the "funny accounting" going on behind the scenes . . .
Talk soon,
John
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