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The right time to buy a car

July 14, 2015

Most of us who are discerning women would like to acquire a vehicle as soon as possible, if we decide to have one. Yet, timing can be everything – aside from acquiring the necessary funds to acquire the vehicle. We must remember that things are not static and that factors we haven’t considered, could make a decision much different – and so much better – if we took some time to really consider our vehicle purchasing.

Consider, for example, when to buy a car. As Claudia Assis notes at MarketWatch:

“The best time to buy a new car is around the corner.

“Late summer [in northern hemisphere] seems to be the sweet spot for bargain hunters. Most car makers have rolled out next-year’s models by late August or early September. Meanwhile, there are still plenty of current-year models on dealers’ lots, making dealers more willing to work out a deal on their older inventory simply because they need the space.

Those deals come generally in the form of incentives, such as cash back deals or low interest rates which don’t appear to devalue their cars, said Phil Reed, a senior editor with Edmunds.com.”

Thus, waiting could be a good idea for this time of year. This means you can start planning your vehicle purchase months in advance, in order to maximised the benefits you’ll get out of purchasing a car this time of year.

Another key question is whether you even need to get a new car. Pre owned cars are often a smart investment. As CarandDriver.com notes, there are many advantages to your wallet and peace of mind with a second-hand car.

“With a used car, there’s no depreciation hit the second you roll off the lot. There’s also less mental depreciation, no need to worry about the first parking-lot ding or rock chip in the paint because chances are the car’s previous owner or owners took care of those for you.”

Further, insurance is often better: “insurance rates will be affected by the age of a car, but in this case the used vehicle tends to be less expensive.”

Also, it is also matters what kind of car you need: If you need to simply travel to and from the office, a big four-wheeler might seem nicer but isn’t worth the time, money and investment needed to just from A to B. Fuel usage is another factor: Are you OK with diesel or petrol, since the former tends to be cheaper and less prone to dramatic market fluctuations.

These and other questions are essential if you’re hoping to make a smart investment in your future car.

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