There are a lot of factors to look at when purchasing a new car, such as mileage, price bodywork and much more. But before you even think of buying, you should check what time of the year it is.
Some periods of the year are better to buy a car, which is due to several reasons that we will discuss in this article. These tips will save you money on buying a car, whether it’s a new or a used car, so keep reading to save.
Seasons
Seasons does seem to have an impact on when you should purchase a car. Generally speaking, new cars tend to have a slow sale rate Between May to June and November to December, and buyers tend to wait for the new registration period to get these new shiny plates.
So this could help you in your quest to buy yourself a car.
A key date to note down is the last few days of June. We say this because usually, dealers will be trying to sell off their stock to make room for their new registered cars for that year.
The same also goes for December, although people know more about these dates as they are close to the new year.
Dealers are very focused on quarters sticking to the numbers they were aiming for, giving them an incentive to sell more cars at the end of each quarter, so December may be a safe option.
Dealership Stock
Getting a deal on a car may coincide with how much stock the dealer has. If they feel they have too many cars and need to sell, they will more than likely be willing to deal with you.
However, it isn’t easy to know when dealers are in this situation. You may tell the dealer if they are overly friendly and want you to make a purchase. You should never feel pressured into a deal.
Keep It Late
Sales targets are an essential aspect of any business and even more so with dealerships.
The end of each quarterly target will see many salespeople eager to sell more cars to keep their numbers up, and they are generally willing to strike a good deal if this is the case.
Midweek Wins
As with all businesses, weekends are always the busiest time of the week. This is especially true for car dealerships. People are working all week so the weekend may be the only time they can view some cars.
You are more likely to receive more attention from a salesperson at quieter times, so you will have more time to ask about cars. You may also even get a better price at these off-peak hours.
It could also give you more time to inspect the car and take it for a test drive so you can fully make up your mind.
Trends
If you are interested in purchasing a car, you should be keeping up to date with the latest sales trends.
Sales numbers are available monthly, and if they are continuously falling for a few months, you will be in a solid position to get a good deal.
When car sales are falling, dealers may be very eager to get rid of excess stock, getting you more for your money.
New Models
If you are very interested in a particular car such as a Volkswagen Golf, you should research this model.
If you know that a new Golf model is coming out, this is an excellent time to get a better deal on a Golf. Dealers may want to get rid of their older models to make room for the newer and shinier models.
Type of Car
Another factor that will influence how much you pay is the type of car you are looking to buy, depending on the year’s tie.
If you are looking at an SUV, it usually works out cheaper in the Summer as they’re in less than demand than in the Winter months.
This is also true for a convertible. You will pay much less for one in Winter when it’s cold than in the Sunny Summer months when you can see the benefits of the convertible.
Make a Purchase
If you take even one of these steps into consideration, you will save some money. Most of these tips focus on purchasing from a dealership, but you may still be able to get some deals online.
When you’re buying a car from a private seller, it is not as easy to know if they’ll give a deal or not, and they also don’t offer any guarantee.
Kennco.ie are here to support motorists with excellent car insurance quotes to help you get on the road.
