After a house, a car is the second highest purchase you’re ever likely to make. As such, it can be sensible to time your search so that you find the best deal possible. As such, a common question is about the best month to buy a car. Read on as we take a closer look…
What’s the best month to buy a car?
New number plate months
New number plates are always released in March and September. Because of this, you may find more favourable deals on a new car in the preceding months of February and August. Drivers who want the newest plates possible may delay their purchase, until the following month, putting you in a better purchasing position in terms of availability.
In terms of price, you may find some good deals in March and September when drivers sell their old car to upgrade. Remember, one man’s trash is another man’s treasure!
The end of each fiscal quarter
Otherwise, time your search for a new car according to yearly quarters. Car salespeople will be hustling for big bonuses from commissions. If you show up towards the end of each fiscal quarter, you’re more likely to benefit from a good deal as salespeople hustle to reach their target. Aim to go new car shopping at the end of February, May, August and November.
The end of the financial year
Alternatively, the best month to buy a car may be towards the end of the financial year in April. Dealerships will be looking to maximise the previous year’s takings, and may subsequently offer you more lucrative offers.
Do your homework on car makes and models, too. If a new model of car is about to be launched, dealers will be looking to shift older editions – to your potential advantage.
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