12/14/2022
In addition to a home, a car is part of the ideal combo to feel that we have solved a large part of our lives. However, it is also an important decision that requires research, comparisons and other financial considerations.
To help you, we evaluate when is the best time to buy a car in the USA.
When is the best time of year to buy a car?
The straightforward answer to this question is December. To understand why we say this, we have to review how dealerships and their salespeople operate.
One of the main reasons is the famous quotas that these workers must meet, which can be monthly, quarterly or even yearly. With this in mind, your purchase can mean that both the salesperson and the business reach the established goals.
- Amount: between $ 7,500 and $ 100,000
- Term: between 4 years and 6 years
- Interest: 6.39%
- APR: 6.39%
- Amount: between $ 5,000 and $ 50,000
- Term: between 1 year and 6 years
- Interest: 6.59%
- APR: 6.59%
- Amount: between $ 2,500 and $ 200,000
- Term: between -1 months and 7 years
- Interest: 6.50%
- APR: 6.64%
- Amount: From $ 3,500
- Term: between 1 year and 7 years
- Interest: 6.85%
- APR: 6.85%
- Amount: between $ 5,000 and $ 100,000
- Term: between 1 year and 5 years
- Interest: 7.76%
- APR: 7.76%
- Amount: From $ 2,000
- Term: between -1 months and 7 years
- Interest: 7.24%
- APR: 7.24%
- Amount: between $ 5,000 and $ 100,000
- Term: between -1 months and 7 years
- Interest: 7.24%
- APR: 7.24%
- Amount: between $ 4,000 and $ 600,000
- Term: between 1 year and 6 years
- Interest: Ask
- APR: Ask
- Amount: Ask
- Term: 0 months
- Interest: Ask
- APR: Ask
- Amount: Ask
- Term: 0 months
- Interest: Ask
- APR: Ask
- Amount: between $ 10,000 and $ 90,000
- Term: between 2 years and 8 years
- Interest: 5.94%
- APR: 5.94%
- Amount: From $ 4,000
- Term: 0 months
- Interest: Ask
- APR: Ask
- Amount: between $ 2,000 and $ 80,000
- Term: 0 months
- Interest: Ask
- APR: Ask
- Amount: Ask
- Term: between 1 year and 6 years
- Interest: 8.59%
- APR: 8.59%
- Amount: between $ 2,500 and $ 100,000
- Term: between 3 years and 6 years
- Interest: Ask
- APR: Ask
For this reason, the last few weeks of the year are considered the most propitious time to make a good deal and get for a better price that car you've wanted for some time.
According to TrueCar, you can save just over 8% if you visit a dealer on New Year's Eve. Since these are the final days for both the company and employees to fill their quotas and receive the much-desired bonus, they want to get rid of the merchandise by appealing to various tactics.
This valuable information can save you even more if you use a good negotiation strategy.
What other months are good to buy a car
In the event that the last month of the year does not work for you to get your dream car and you want to buy it as soon as possible, there are other alternatives. The important thing is to keep in mind how the dealer installment system works.
Generally, during the end of each quarter is when you have the best chances of getting a good discount.
The key recommendation is that you go the last week of each quarter and more specifically the last day, which is when inventory should be moving at any rate. To give you a clearer idea, the calendar of the best time to buy a car looks like this:
- March 31
- June 30
- September 30
- December 31st
If these dates don't work for you or seem far off, you can try the last day of the month, which also meets the same criteria as each salesperson's goals.
The reason: these employees and sales managers are compensated for meeting their quotas. If this option doesn't work for you either, the best day of the week to buy a car is Monday.
Holidays to get car deals
Many retailers in the United States are already accustomed to giving promotions throughout the year. While some of these special occasions are meant to move stock, others go beyond advertising to give you real discounts that you can take advantage of.
Along with what we have already discussed, you can add dates such as:
Memorial Day
While summer season is one of the most expensive times to buy a new or used car, this holiday is a good time to get a discount. Often, Memorial Day serves to signal the entry of newer models into the market and thus more deals on last year's cars.
Black Friday
Like all other U.S. retailers, dealerships also take advantage of Black Friday to launch their promotions. There is no doubt that on this date you are going to get a good deal, but you should also keep in mind that there will be a lot of people like you looking for that substantial discount.
Other recommendations on the best time to buy a car
Finding the car of your dreams at the best price is something that many of us aspire to, but do not have the discipline to achieve. Since buying one means making good use of your income and knowing your finances well, you should be alert to invest under the best conditions.
In this sense, we recommend you:
- Be patient. Waiting for the best moment to buy a car requires patience. Like other products, cars also depreciate, meaning that time is your best ally. If you have accurate information and know the best dates to find sales, you can save thousands on that model you've always wanted.
- Wait for the change of models. An effective strategy is to wait until the car goes on stock clearance at some point. This usually happens in the summer months, when car companies start releasing new models. As dealers need space, they must get rid of old inventory.
Other people will also want to apply the same strategy, so if you wait until December, you may be late.
Español: Cuándo es el mejor momento para comprar un auto en USA