When you’re ready to buy a car, you need as many advantages as possible to make sure you get a good vehicle at a great price. One of these can be the time of year that you choose to go shopping and close a deal. You can use the best time of year to buy a car to your favour if you know how.
We’re Here to Help
FinanceBeagle is a loan broker, and we’ve helped so many people get the financing they need to buy a car. We work with high-quality lenders who are ready to make your auto loan happen. Talk to us – we’ll look for the best available rate for you, even if you have a special financial situation.
We do all the legwork, so you don’t have to. We are here to listen and answer your questions. Ring us on 1300 225 525 for more information, or request a quote online. You can also contact us using our online form, or via email at admin@financebeagle.com.au.
Shop Early, Buy Late
Is it a good time to buy a car? If it’s the middle of August, it might only be a good time to start shopping, so you have plenty of time to decide what vehicle is best for you and line up financing before you make a purchase. Dealers generally want to move their inventory toward the end of the year, to get ready for next year’s models and to move out vehicles that may have been lingering on the lot unsold.
Traditionally, the months of October through December are held to be the best time of year to buy a car – that’s when sales promotions and dealer incentives can combine to offer some great pricing. In many cases, you’ll still have a pretty good selection of models, options, and colours to choose from. You should go in already knowing what you want, from your research shopping earlier in the year, and you’ll benefit from having your financing ready, so you can move quickly when the right car comes along.
January and February can host some great sales, to move out the previous year’s models that didn’t sell during the end-of-year push by the dealer. Selection would usually be more limited, but depending on how set you are on a particular model or trim, you could encounter a really great offer on one of these closeout vehicles.
End of Month Incentives
Now that you’re buying in the best months, also be aware that the end of any month is typically when sales incentives kick in, making the salespeople more motivated to move particular models. These incentives are typically in the form of a cash bonus to the salesperson, so they will be inclined to negotiate lower on the price, knowing that even with a smaller commission they’ll make more in the end. If what they want to sell you also happens to be something you want to buy, you could get a great deal this way. Is it a good time to buy a car? It sure can be, when you combine end-of-year pricing with end-of-month sales incentives.
Avoid Weekends if You Can
Try to visit dealerships on the weekdays – the showroom will be quiet, and the salespeople will have much more time to speak with you, answer questions, and show you additional vehicles. They will also be more motivated to close a deal. Monday and Tuesday are often the quietest of the weekdays, but this will vary by location. Weekends are always the busiest time, wherever you go.
Start With Financing
You’ll always be in a better position to negotiate a good price and make a purchase when you already have your financing ready. Late in the year is the best time of year to buy a car, but any time is a good time to set up your financing.
It’s Easier with FinanceBeagle
FinanceBeagle can make this process easy, working with our large portfolio of lenders to get the best loan for you. Then you’ll go shopping for the car you want knowing you’re ready and able to purchase. This motivates salespeople to give you the best service, and it gives you confidence and peace of mind. We are just a call away – on 1300 225 525 for more information, or request a quote online. You can also contact us using our online form, or via email at admin@financebeagle.com.au.
