Making a purchase off season could come with some serious rewards. While the price tag on an article of clothing might not be worth doing much research over, a sale on a new vehicle could save you thousands of dollars. If you're looking to purchase a new car, timing is key. Try making your way to a dealership at the following times:
Car manufacturers usually launch their new models in the fall, and dealerships needs to make room for these new models. If you're not too picky about getting the latest model on the lot, you could save a lot of money purchasing the current year's model in August.
2. End of the month
The pressure to hit quotas could get you a good deal on your vehicle if you go car shopping at the end of the month. The last five days, in particular, are an optimal time.
3. Model Redesign
Sometimes, manufacturers will redesign a particular vehicle, meaning dealerships will periodically have both models on sale at the same time. In order to get rid of the outgoing model, dealers will resort to offering high discounts. They get to keep the newer models on the lot, and you get a big discount on the outgoing model – win win!
4. End of the year
As the year comes to an end, dealerships will be trying to keep their numbers high and push their final few sales. In particular, this would be a good time to make a purchase if you're looking into luxury brand cars. Note, however, that because inventories will be limited, you may not be able to get your first choice in features or color.