The Best Time of Year to Purchase a Vehicle
The Best Time of Year to Purchase a Vehicle: Tips for Savvy Buyers
Timing your vehicle purchase is always a good idea so that you can save the most money possible and ensure you get the exact vehicle that you want. Whether you’re looking for a new SUV, a more dependable sedan or a safer/newer model, or a pickup truck built for work, we’ll help you navigate the different time periods that are ideal to buy a car in. We’ll also provide some tips on how to approach the process.
This guide will walk you through everything you need to know on the best time of year to purchase a vehicle! Ready? Set. Go!
Best Times of the Year to Buy a Vehicle
End of the Month or Quarter
Visit your dealership at the last days of the month or quarter to get the best possible price. Car dealerships often have monthly and quarterly sales goals, where the end of these periods will push their sales teams to meet their quotas. To push sales, they might offer you additional discounts or benefits.
Holiday Sales Events
Shop during major holidays to get special prices. Often, during famous holidays such as Memorial Day, Labor Day, Black Friday, and Fourth of July, dealerships may offer promotions that could include discounts, special financing rates, and incentives. Holiday sales will help you save a lot when purchasing the car you have been planning to buy.
End of the Calendar Year
December is the month to shop at great prices. At the end of the year, dealerships will want to hit annual sales goals, sell older models, and make room for new incoming vehicles in their inventory. This combination of reasoning will propel your chances to get a great price. December is known to offer some of the best prices and financing terms.
When New Models Are Released
If you are aiming to buy a slightly older model of vehicle, waiting for the new model to release will give you a vehicle at a much lower cost while still having reliability and performance. Usually, newer models are marketed around September and October. During this period, dealerships may offer huge discounts so they could clear out stocks of previous-year models.
During Seasonal Transitions
Purchase around the season to get a discount for your targeted vehicle. Certain types of vehicles will be ‘out-of-season’ in specific seasons. For example, you will want to shop at Spring and Summer for SUVs and trucks that are in high-demand during winter when price surges up. Opposite to that, if you are looking for convertibles and sports cars, try to shop during winter when it’s less desirable.
Tips for Purchasing a Vehicle
Below is some guidance on how to purchase a vehicle whenever it’s the right time for you. This will help ensure that you get the best deal and accomplish your goals.
1. Do Your Research
Make sure to research, research, research! Knowledge is power when looking for a used or new car. Check the make and model you’re interested in including safety ratings, features, and reviews. There are several websites that can guide you on what people are paying for similar models in your area, or visit a local dealership to get more specifics.
2. Set a Budget
Set a particular budget range so that you don’t go over it before you start shopping for a car. You should try to include taxes, fees, insurance, and potential maintenance costs. Setting a budget ensures that you get the perfect car for your needs without exceeding what you can afford.
3. Get Pre-Approved for Financing
Having a pre-approved loan in hand can give you greater negotiating power and help you stick to your budget. It also allows you to compare dealership financing offers more effectively. Many dealerships, including TLC Motors, offer financing options, but arriving prepared ensures you’re making the best decision for your financial situation.
4. Inspect and Test Drive
Always inspect and test drive the vehicle you’re considering. This is especially critical when buying a used car. Look for signs of wear and tear, ask for a vehicle history report, and make sure the car meets your expectations in terms of comfort, handling, and features.
5. Negotiate Confidently
Dealerships expect buyers to negotiate, so don’t hesitate to ask for a better price or additional perks, such as free oil changes or extended warranties. Being informed about the vehicle’s market value will strengthen your position during negotiations.
6. Consider Timing Your Purchase
Combine the insights above with flexibility in your buying schedule. If you’re not in a rush, waiting for end-of-month deals, holiday promotions, or year-end clearance events can lead to substantial savings.
Why TLC Motors Is the Best Choice for Your Vehicle Needs
As a dealership, we understand how important it is to have proper timing and preparation when you want to purchase a vehicle. We created TLC Motors to offer a wide selection of high-quality used vehicles with competitive prices to fit every budget. Whether you are looking for a sleek Hyundai Sonata, a spacious Santa Fe, or a reliable Tucson, we will match your needs.
Our showroom is located in Spartanburg, and we proudly offer our services to drivers in Boiling Springs, Inman, Roebuck, and surrounding areas. We constantly update our vehicle inventory and enact rigorous inspections for new vehicles coming our way to ensure that you are getting the best quality possible. When you shop with us, you can expect a smooth, transparent, and hassle-free experience with great customer service from our friendly team.
Looking for a great car to buy that could match your needs? Visit TCL Motors in Spartanburg and have a consultation with our team. Browse around our extensive inventory and find your perfect car. Let us help you drive away in the perfect car at the perfect time!
