There are many things to consider when buying a used car. The make, model, year, condition of the car, repair history, and mileage, are all important factors to consider, however, there are certain times of the year when it is beneficial to buy a used car. When buying a used car, it is important to be aware of these times of the year.
Below are some ways to determine when it is the best and worst times of the year to buy used cars:
Days When There is Bad Weather: If it is rainy or snow out, most people would rather stay inside than spend time at a used car parking lot. When the lot is empty, sales people are more likely to give a better deal in order to make a sale that day. Just tell the salesperson that you had nothing to do that day so you thought you would do some vehicle browsing. During days where the weather is fine, you are likely to see more people shopping for a used car so deals will not be as lucrative.
Winter Time: If you live in an area that is cold and has bad winter storms, most people tend to stay indoors much of the time and used car shopping is not usually a priority. This can be a good time to get a discount or rebate on a used car. Spring time is not a great time to shop for a used car as many people are getting out more and there are more car shoppers.
Vehicle Shop during the Holidays: During the holidays, many people have added expenses so they are less likely to go out and buy a used car. Car dealers want to try to keep sales up so they are likely to give a discount on a used car deal. Make sure you don’t appear desperate for a car.
Vehicle Shopping at the End of the Month: In most used car dealerships, they institute a monthly quota for vehicle sales. Sales people will be more apt to make a deal at the end of the moth to fill the quota. They will likely give a discount, but get it back with their quota bonus.
End of the Model Year: When the next year models start to come out, discounts and great financing deals can be obtained on the previous year’s model. There are often lucrative cash rebates and other incentives.
Vehicle Life Ending: When a vehicle manufacturer discontinues producing a particular model of car, dealerships will offer a substantial discount on that model of car. It will depreciate a lot; however, you will get a great deal. As well, manufacturers often change the design of a particular vehicle model, so one can often get a great deal on the old design model.
Everyone looks for deals, rebates, and incentives, when shopping for a used car. It is important to do your research about the particular car you are interested in. As well, make sure you are working with a flexible car sales person. Factoring in the best time to buy a used car will go a long way in getting a car and a great price. The reward will be driving away with a great used car at a great price.
Author Resource:
Formula Honda in Toronto offers Honda new cars, used cars, trucks, SUV's, minivans and commercial cars. Offering a large inventory of both Honda new and used cars in Toronto and the GTA. http://www.formulahonda.ca
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