Are you in the market for a used car? Maybe it’s your first vehicle or your current vehicle has finally reached the end of its life cycle. Either way, buying a used car doesn’t have to be intimidating if you know what to expect and when the best times are to buy one. And don’t worry about all of those horror stories – here at our pre-owned vehicle dealership, we’ll help make sure your experience with us is smooth and enjoyable.
This blog post will explore some of the best times for purchasing a used car or truck in Evansville, Indiana.
When it’s not urgent
You might be familiar with the saying, “Don’t grocery shop when you’re hungry.” This same concept can be applied to buying a car. Of course, if your current vehicle is no longer drivable, it does become an urgent matter. However, if you can hold off and take public transit or rely on a friend for a few extra days, you might be able to save yourself a great deal of money in the long run.
Buying a car when we’re desperate can greatly impair our decision-making. If this is your first vehicle, take your time and really do your research. If you already have a car, ideally you want to start shopping around for good deals when you start to notice more and more issues coming up with your current vehicle. Additionally, waiting until your vehicle is completely out of commission won’t get you a good trade-in value, if at all.
At the end of the month, quarter, or year
You’re more likely to strike a good deal at the end of these periods because dealerships have a sales quota to strive for – typically monthly, quarterly, and yearly. One of the best times to buy a car is at the end of the year when salespeople are working hard to meet their yearly goals. Additionally, some dealerships offer Holiday Savings or End-of-Year incentives.
In the winter
The car industry as a whole tends to slow down during the winter months because not a lot of consumers want to visit dealerships in the cold. Furthermore, people are often trying to recover from the holidays and limit their spending. As the demand for cars slows down in the winter, the prices are reduced.
If you’ve been planning to purchase a used car or truck in Evansville, winter is an ideal time for you to shop around and find a great deal. Spring is when demand shoots back up, which means prices are more likely to stay firm and selection is more limited.
After new models are released
If you’ve been eyeing this year’s Ford truck or Tesla car, we recommend waiting until the new version of that car is released. Many consumers seek the latest vehicle and will trade in this year’s model for the new one. You might be able to find the car you’re looking for used for only a few months, at a much lower price than if you buy it brand new.
When you’ve done your research and are prepared
Regardless of the time of day, month, or year, the best time to buy a car is when you are ready. This means after you’ve thoroughly calculated your budget, done your research, and know exactly how much car you can afford.
Simply put, avoid buying a car when you’re desperate and time it well. When you come prepared, you’re more likely to make a smart purchase.