My name is Neel Mehta, the Co-Founder and Chief Negotiator at Car Concierge Pro. These days, buying a car is not a want but a need.
The final few months of the year are often the best time to go for a Car Concierge since sales associates are typically eager to accomplish their objectives and may give considerable discounts during this period. This makes the last few months of the year’s best time to buy a car. You should, however, consider the beginning of the week and the holidays when deciding.
When is the best time to buy a car?
Depending on your degree of adaptability. When new models are introduced, usually in the fall, you can often get discounts on previous year’s models because prices are subject to supply and demand. There will be fewer models from the prior year accessible as the year draws to a close. However, as dealers attempt to get rid of the outdated inventory, discounts should rise. It would be wiser to move sooner if you have a particular color, automobile trim level, or feature set in mind. Discounts on models from the previous year are usually restricted to the stock on hand.
Dealers will be particularly keen to move any car brands and models that the manufacturer decides to modify or abandon, so this is especially true for those vehicles. Still, you’ll have fewer options the longer you wait.
Holidays like July 4th and the arrival of new models at the beginning of the year are your best bet if you’re looking to get a hefty discount on a new car at Car Concierge. The best time to buy a car is when you get the vehicle you want at amazing deals at.
Ideal times of year to buy a car
Another best time to buy a car is around holidays, especially big ones like Martin Luther King Jr. Day, Christmas, New Year’s, and Memorial Day. These events could present a chance to save money because many dealers have holiday-related sales.
By charging clients for “hidden” fees or “dealer add-ons,” Car Concierge gain millions, if not billions, over the long term (addendum).
It is anticipated that total new-vehicle sales for the month of August 2022, including retail and non-retail transactions, will reach 1,136,800 vehicles, representing a growth of 0.6% compared to August 2021.
While buying a new or used car, the most common ones where an informed customer must avoid paying or negotiate are:
Source: Car Concierge Pro.
How to get the best deal from the car dealer?
You will need more than just impeccable timing to receive a reasonable price on a car purchase at Car Concierge, regardless of when you decide to make the purchase. To know if you can get the best rates on an auto loan, you need to understand your financial situation comprehensively.
Moody advises, “Know what you can afford to spend.” If you come across an offer for financing at 0% interest, take note that it is reserved for those with outstanding credit. You may get a better idea of whether or not the bargain the dealer is providing you is decent by getting a few other estimates from different independent car loan providers. Check out the rebates instead of looking into interest-free financing if you are in the market for a new or certified pre-owned vehicle. You could end up saving more money this way.
Spend some time working on your credit score and doing some preliminary research before purchasing a new vehicle at Car Concierge so that you may save costs as much as possible. When you get to the dealership, doing primary research will offer you more negotiation power and help you avoid frequent errors people make when buying cars.
Considerations Regarding the Car Buying Market in 2022
The worldwide shortage of components brought on by the coronavirus epidemic and problems with the supply chain has led to a dramatic increase in the cost of automobiles and Car Concierge services. CBS stated that there is a possibility that the scarcity may persist until 2023.
According to the J.D. Power June 2022 U.S. Automotive Forecast findings, the average transaction price for the first six months of 2022 reached a new high of $44,907, an increase of 17.5 percent from 2021. According to Thomas King, president of the data and analytics business at J.D. Power, “the inventory constraints that have lowered volumes, nevertheless drove up prices and profits, are showing no indications of recovery.”
According to King, “Retail inventory is on target to close below 900,000 units for the ninth consecutive month in June 2022,” which will be a significant milestone.
Due to the inventory shortage, dealers will continue attempting to make up for lost earnings, which will keep prices high. According to research conducted by Kelley Blue Book in April 2022, customers shopping in the non-luxury market spent an average of $1,030 more than the sticker price of the vehicle they purchased at Car Concierge.
To Wrap Up
We at Car Concierge Pro are here to serve as your experienced negotiators so that we can assist you in acquiring the keys to the vehicle of your dreams. Request a Car Concierge, and we will take care of all the stressful aspects of purchasing a used car for you. The dealer may already be giving you discounts, but you must understand the scope of additional price reductions, as mentioned in the table above.
We provide a hassle-free and cost-effective car buying experience for our clients in the USA and Canada. We have saved our clients over $550,000 of their hard-earned money.