?Year End Clearance Sale? was of course, at one time the best time to buy a car; however, this may have been true in the past because car dealerships needed to sell the last years models to make room for the new model. In today's automotive market, new cars are being introduced all year long, therefore, this old saying does not hold true any more.
In order to know the best time to buy a car, you have to do your homework and pay close attention to when next year's models will be arriving. Some manufacturers have their new cars on the lots in the spring or summer; however, there is no set date for the arrival of the new cars.
If you are observant, you will pay attention to when a dealer announces that the new models are arriving. Now, is the time to purchase last years models. They have to be sold to make room for the newer models. This is when the dealer is apt to make you a great deal on a new car or at least one from the previous year for that model.
December is a great time to visit a car dealership, not because of the car dealership or their inventory but the car lots are vacant of customers. Many people are out purchasing Christmas gifts and the thought of a new car is not on their mind, therefore, deals can be made because customers are scarce.
In some cases, when it is time for the new cars to be sent out, you may find that you can get in when new car dealers sell off cars at low prices to clear space for new car models, however, you must pay attention to when they will arrive. Car dealers can receive secret factory to dealer incentives, which can be as high as $6000 and even receive new car consumer rebates. This means that the dealer can receive this much money back for selling you the car, so they have more money to play with.
Another thing to consider is the car salesperson. He has quotas to make and must meet these quotas because he will be judged by his sales performance. If he is not selling cars then he may be put on the butcher block and be gone within the next month. Car dealerships desire salespersons that can sell cars. If they are not selling, they are not making money for the dealerships. Therefore, visit a car dealership when the pressure is on for the car salesperson to perform.
If a car salesperson has had a slow week, then he will be more than willing to do everything in his power to make a sale even if he does not receive much in commission. If he has had a slow week, then Saturday would be the perfect time for him to give you a deal of a lifetime. Also, at the end of month, is another great time for better than average deals since he will be trying to get his quota in before the end of the month. Visiting a car dealership after the 25th of the month is a prime time for a good deal. In addition, the end of year is another great time to get a better deal. This will be the sales person's last chance for good annual figures. Shopping in December for a new car could give you all kinds of rewards especially if your car salesperson has not had a good week, good month, or good year.
December may be the overall best time to buy a car since customers are scarce, car salesperson want to report a good year, and of course, the dealership and salespersons want to receive commission for their efforts.
The best time to buy a car is when you do your homework, know when there are rebates to be had, know when the dealership has been slow, and look for deals. You can always negotiate a better deal if you use your car as a trade-in, get better interest rates by having good credit, and of course go shopping when car sales are down.
Best Day To Buy A Car
Get a tips for a better negotiating strategy. Where can I check for the factory invoice of the car which I want to buy? Here are some tips that can be useful for you before you walk into the dealership. How do I calculate the money that I have to offer to the dealer? The formula in this article will help you in calculating the cost. Contrary to popular belief, dealers don't have to tell you the invoice on any car. This often gives the dealer leverage over you.
They can offer you one dollar over the invoice. You should know that there are hidden factory incentives in the invoice price that lowers the cost of the car for the dealership. It's no bargain for you. If a dealership is very quick to show you the invoice, you should be aware that they are fully aware that they will be making money on that car off of you and they can settle at a lower price for the car.
Knowing this before you walk into a dealership can be your best negotiating strategy. See, they will tell you that you can afford to buy the car at MSRP hoping that you will not then wonder what the actual worth of that car is. Knowing this information can let you make them the same offer.
If you offer a few dollars over the factory invoice (which is the actual worth of the car) then you can open your bid and let them know how much profit they can make off of your offer. Check out these websites if you want to know the factory invoice of a car.
http://www.InvoiceDealers.com
http://www.CarsDirect.com
http://www.Car.com
http://www.Autoweb.com
Dealers are always going to try and tell you that they paid less for the cars than they actually did so that they can make a higher profit off of the sale. Salesmen often try and make you feel guilty by telling you I'm losing my shirt off of this deal. In truth, you are the one that is losing your shirt off of the deal, so don't buy into it.
To calculate what your offer should be to the dealership, you should get the factory invoice price (don't forget to include the options in this price), and add 5% to that amount. That is how you should calculate your offer the dealership.
When I mention the options, I mean the ones that you can't avoid. Some cars come equipped with a CD, sun roof etc. and these are fees that you can't avoid paying so sure to account for these at the beginning. You should also be sure to account for any buyer rebates as well in calculating your offer. So in the end your offer should be calculated like this:
DEALER'S COST + 5% - ANY BUYER REBATES = YOUR OFFER
Calculating your offer to a dealership is as simple as that. When you are considering how much you can afford for a car, be sure that you don't get sucked into paying more than that. If you are unwilling to pay more than your opening offer, let the salesman know that your offer stands firm and how they will profit from the offer.
Find the Information about the car before you walk into a dealership. Get the best negotiating strategy on money that you have to offer for the dealer. Get the tips from the internet on the factory invoice, so we won't buy any scams by the dealers.
Get the calculation of the car before walk into the dealership. Make a line that you will not be paying more than your calculation. This will give you a better deal.
Both Dennis James & Mitch Johnson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Dennis James has sinced written about articles on various topics from Cars, Auto Insurance and Used Car. Dennis runs Mr. Car Quote which is a and where you can get just as good of a price quote as if you had used a expensive. Dennis James's top article generates over 246000 views. to your Favourites.
Mitch Johnson has sinced written about articles on various topics from bowling, Hunting and Nokia Phones. ,. Mitch Johnson's top article generates over 301000 views. to your Favourites.
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