If you’re in the market for a new but used car, March could be the time to get serious.
Car buying experts say knowing the right time to buy a new or used car and being able to time the purchase accordingly could save you a bundle.
So, why March?
Every year, March and September see the release of new car registrations. These are the peak months within the car selling industry when two fifths of all cars are sold.
Due to new car buyers part-exchanging their old cars, dealers will have a surplus of used cars to sell and often save their best offers for these times. This means there will be plenty of part exchange bargains to be had as a result of new plates.
Not only is this great news for you from a financial perspective, but there will also be an increase in the choice of cars and availability on the used car forecourts.
Dealers also have the biggest targets and bonus potential in the first and third quarters of the year, meaning they will be more flexible and more willing to offer you discounts in order to get a sale.
Philip Northard, retail and consumer specialist at cap hpi, a vehicle data company, explains: “March and September are good times to go out and buy a new car. There is pressure on the dealer network to get to the end of the month with a really good sales result.”
When a buying a car, don’t be afraid to haggle and do your research!
When you are buying a new car, haggling for the best deal is a great way to ensure you’ll get a good price on a car you are looking to buy.
According to Money Advice Service Research, 64% of those who tried to negotiate when buying a car were successful, with just 16% of those failing to bag a discount.
Do your research beforehand, agree on the type of car you are looking for and what you can afford.
Ask the dealer how long the car has been on the forecourts for. Dealers will often be more flexible with cars they have been trying to sell for a longer time.
When you get to the dealership, never agree to buy a car without test driving it and never let a car salesman know your top limit.
Looking for a new car?
With over 100,000 vehicles available from our selection of My Car Dealers, why not use My Car Credit’s My Car Search to browse your local area for used cars?
All My Car Dealers featured within ‘My Car Search’ are regularly vetted for their status with the Financial Conduct Authority (FCA), for their financial stability and their customer service standards.
You can be assured that choosing a car through My Car Credit will provide you with the best choice of cars, the best car buying experience and an excellent standard of after-sale service.
You can also access our sister brand Mike Brewer Buys Your Car car valuation tool. This shows you what kind of price you should be able to negotiate on all models.
Or, if you like the price we offer, why not let us buy your car from you? So long as when you arrive for your appointment, your car is as you’ve described on the form on our website, we’ll transfer you the cash by ‘faster cash’ bank transfer immediately. You will NOT be charged any fees for the valuation or the purchase of your car.
If you are considering buying your new car on finance, make sure you apply with My Car Credit. The application takes less than 3 minutes, only involves a soft search and we provide an instant, online decision.