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Thursday, June 5, 2014

62. What is the best month to buy a car in the U.S.?

Typically, it’s a good idea to purchase a vehicle towards the end of the month and end of the year. New models come out around August or September. So if you’re interested in buying last year’s model and getting a deal perhaps a good time of the year to shop is October and November.

A rainy or cold day at the end of the month is also a good opportunity to negotiate a vehicle purchase. Fewer customers at the dealership is a greater opportunity for the buyer. When it’s warm and the weather is nice people tend to get out more. Weekends are typically busier for dealerships so consider going during the week.

Just as important as when to buy a car is the knowledge of the value of the car one is interested in. Research the vehicle you’d like to purchase beforehand. Consider also looking up the Kelly Blue Book value of the vehicle.
Important to consider too is the old adage “cash is king.” Consider saving up and paying cash for a vehicle instead of getting a monthly car payment. This will free up your income for other interests and/or needs.

If you do have to finance a vehicle remember that your credit score is important. Also important is your income, the length of employment at your current job, and the length of time you’ve lived at your current residence. If you do have good credit it is often possible to get 0% interest on loans.

If you have a trade-in consider selling the vehicle to a 3rd party and not the dealership. If you do sell your current vehicle to the dealership realize you’re going to get less money but also it will be less of a hassle.

What do you think? Leave a comment!


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