When is the best time to buy a new car?

Anyone know what time of year is the best to purchase a new car?

Re: When is the best time to buy a new car?

when they are rolling out the new year models, you get great deals on the new ones from the prior year.

Like in september, the 2008 models come out - they need to sell the 2007s to make room for the 2008s.

especially if the car is redesigned.

Re: When is the best time to buy a new car?

They normally have better deals in Jan/Feb/Mar, people are normally broke after the holidays and dont shop much so you can get better deals from them. they are desperate at that time.

Re: When is the best time to buy a new car?

we have gotten the best deals- at the end of the month

and in December and Jan- or when ever the new model year comes out

the end of the month is key

the way car dealers make money has to do with the amount of cars they sell- if they sell 1-10- they get $500 a car (making this up)

if they sell 11-20- they get $1K more per car - including the on 1-10

so if you come in at the end of the month- they are trying to get that number up

we got 20% off sticker on a left over 06 in January b/c we were going to be the car that sent them up in the price bracket

Re: When is the best time to buy a new car?

Yup, model year build out is the best time. They want to get the cars they have on the lot sold, and you can get good rebates and financing options if you're willing to compromise.

We did that when we bought our car, and they didn't have the color I wanted. So I switched to a different model, and was able to choose between 0.9% on a 4 year loan or 1.9% on a 5 year loan. I knew the Kelley Blue Book and I did not overpay.

Re: When is the best time to buy a new car?

Thanks girls!
I've been itching for a SUV.

Re: When is the best time to buy a new car?

I prefer to lease, but I have found the best time to get a 4x4 is August. The best time to get a convertible...January or December.

Re: When is the best time to buy a new car?

Re: When is the best time to buy a new car?

Re: When is the best time to buy a new car?

We've bought 2 cars recently and got great deals in Dec/Jan. We bought leftovers, meaning a 2006 in Dec 2006.

Re: When is the best time to buy a new car?

I am getting a new car this year, most likely the new Honda CRV. DH wants to wait until August thinking we could get a decent deal as they will be making room for the '08's to come out.

However, with that said.... a friend of my sister's that also lives here in NJ said when she was looking to buy the new CRV just a couple of months ago, they couldn't find any in NJ all the dealerships were out of them.... so I'm pushing DH to not wait until August.

Re: When is the best time to buy a new car?

The best time to buy a car is the week between Christmas and New Years. Like Beth said it is the end of the month and they are trying to get all the old models off the lot, and it is the slowest time of the year.

Re: When is the best time to buy a new car?

End of the year and end of the month when the sales people want to get all their deals closed and in!!

Re: When is the best time to buy a new car?

Totally depends. (My DH is a dealer). Depends on the make, depends on the model. The end of the month doesn't mean they are giving them away. The new model cars dont alway come out in September. The makers are now introducing at all times of the year. Their slowest months are January through March. December tends to be busy - surprisingly and contrary to popular thought. Depends on the sales people and their incentives their dealers provide for them. DH's sales people get year end bonuses if they meet a certain # of car sales. The good sales people meet it by October. The not so good don't even come close. It's a crap shoot.

Re: When is the best time to buy a new car?

When the old one craps out.

Re: When is the best time to buy a new car?

Right around this time, they start having crazy incentives to get rid of all the current yr models to make room for the next yrs...for example now, GM has some crazy incentive like $7000 cash back if you buy a new GM