When Is The Best Time To Buy A Brand New Car?
I love buying brand new cars! If I had the money, I would do that all the time! It’s great driving a car knowing that you are its first owner and that it only has delivery miles on the clock! The thing is a lot of people shy away from buying brand new cars because of the cost.
In today’s blog post, I will discuss the importance of timing your new car buy. What the car industry won’t tell you is that if you buy a brand new car at certain times of the year, you will make massive savings!
Why is timing important?
Timing is everything in life. Most things happen to a certain beat or deadline before a new event occurs. A similar process happens when you buy a brand new car.
Dealerships are keen to sell any cars in stock for obvious reasons. But there are certain times of the year where they need to sell as many new cars as possible. Franchised dealerships have to place a certain amount of sales orders with manufacturers.
If they place enough orders for brand new cars, they get rewarded with a bonus. Sometimes car dealers can’t do that, and so they will buy some new cars themselves to sell on at a later stage.
As you can now tell, it is better to buy your brand new car as the dealer approaches those deadlines rather than once they have passed. Here are the best times to buy a brand new car from a dealership:
In some countries, licence plates get issued twice a year. The United Kingdom is an example of that. Car dealers will offer discounts on brand new pre-registered cars that have the older licence plates.
For example, in 2014 there will be “14” and “64” plates. So if the “64” plates will soon be available, you can save cash by getting a “14” plate car.
As strange as this may sound, waiting until certain parts of the year is a great idea for being specific cars! Intrigued? Here are a couple of examples to illustrate what I mean:
● Convertibles – they are cheaper to buy during the winter months of the year;
● 4×4 and off-road vehicles – wait until the summer to buy such cars.
Those “rules” don’t apply to other cars like hatchbacks, saloons and estates. That is because we consider them to be good all-rounders that get used in all weather conditions.
The four quarters of the year
Have you ever noticed that car dealers such as GK Group have decent promotions advertised near the end of each quarter?
Car dealers want to sell as many cars as possible before the end of each quarter, as it looks good for reporting purposes. If you aren’t in a rush to buy a brand new car, waiting until the end of the next quarter could be a good idea.
In case you aren’t sure, the four quarters finish at the end of March, June, September and December.