Car Money

When is the best time to buy a new car?

November 20, 2018

So it is time for you to look for a new car. Your old one just does not fit the bill any more and you are in need of something fresher, newer and faster. While this can be an exciting time, it can also be difficult to know when to buy a new car.

If you have done your online research on “pre-owned cars near me” you will know where to find trusted used car dealers in your area. But what this research might not tell you is when you should go car shopping in order to find the best deals. For those looking for their dream wheels, read on below for tips on the when to buy a new car.

The beginning of the week

Going car shopping on Saturday or Sunday seems like the best choice, but it is much better to go on a Monday or Wednesday morning. This is because dealers with used cars for sale in Gauteng and surrounds have not had as many customers early in the week and will have more time to take you through their cars  and negotiate terms.

A Wednesday morning is a good choice because customer traffic might be slow. If a car dealership is busy and bustling, you might wait for over an hour to get any service from a salesperson. This can be frustrating and make your car shopping experience a tedious one. Halfway through the week, there will be less customer traffic and you will have the full attention of the salespeople, allowing you to get the best deal possible.

Late in the month

You might be wondering why you should look for a new car late in the month. Well, this is because the dealerships might not have met their sales quotas yet and are willing to offer discounts in order to reach these numbers before the end of the month.

It is not always the case, as some dealerships might have already hit their quotas, but there is a chance that a new model is coming in and the salespeople need to move the previous models off of their lots. By ordering late in the month, you are opening yourself up to the possibility of finding deals to suit your wallet and your needs. Be sure that you do not accept the first deal that is offered and read all the terms and conditions of the discount.

Hold out for the holidays

If there is a holiday coming up, it is a good idea to wait for the holiday weekend and then go out to look for a new car. For example, many car dealerships have sales during December and April due to the number of public and religious holidays that fall in these months.

You might find that the car you have been looking for is now on sale with a major discount, and if you had not waited you would have paid full price. Some dealers have special finance options available during these holidays as well as some unique incentives. It might not be fun to spend your long weekend car shopping and test-driving, doing so could save you a significant amount of money on your car price.

The start of the new year

Waiting until year-end is a good time to look for a new car, but so is waiting until the start of the new year. This is because there will be low customer traffic for salespeople to deal with, allowing them to focus on you and offer you the best deal possible.

Another reason is that the dealerships will need to move their old stock, which means that the car you could not afford the year before is now within your price range. You might not relish spending the first week of the new year looking at cars but if you take the time to do so, you might find yourself with the deal of a lifetime.

When your loan is over

This is an ideal time to start looking for a new car. Not only will you have finished paying up your current car loan, but your credit score will have improved which will make taking out a new car loan easier and more efficient.

Waiting until your loan period is completely over will also allow you to sell your current car in order to get some money to put towards your new one. This is, of course, if you have chosen to own your car when the loan period is finished. If you are leasing, you will have to wait until your leasing period is up in order to choose a new car. The money you make from your old car’s sale can go towards a down payment on a more upgraded model.

 

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