Finding a great deal on the car of your dreams isn’t easy, and shopping for a new vehicle, in particular, often involves trade-offs. But it is also true that your odds of finding a low price and good financing rate on a brand new car varies greatly throughout the year, and that the best days for finding a good deal are coming right up in the last week of December.
While there are many reasons why the week between Christmas and New Year’s is one of the best times to stop by your local Mazda car dealership in search of bargains, here are three of the most important:
Lower Prices
Dealerships, like any other business, have yearly and quarterly sales goals. Generally, visiting a dealership closer to the end of their sales period is a great way to ensure that you get a lower price, because the sales staff will be incentivized to cut you a deal in order to meet their goals. This is why shoppers who buy at the end of the month tend to pay less.
Because the last week of December is the last week of the year, dealerships are eager to close a few final sales before January, and are likely to make you an appealing offer in order to do so.
Seasonal Deals
December tends to be a quiet time for dealerships, as most consumers are spending their dollars elsewhere during the holiday season. This is why car companies tend to offer big holiday sales and special deals in conjunction with Christmas and New Year’s.
Holiday sales often involve competitive finance rates on popular car, truck, and SUV models, so it’s worth checking out what is available at nearby dealerships. You may be able to find drastically reduced rates on your favourite vehicles.
Great Selection
The end of the year is one of the best times to look at new vehicles for the simple reason that there are more of them available than at any other time of the year.
Due to the way manufacturers roll out new stock, If you want the widest possible selection, the final weeks of December offer you the opportunity to browse both the very latest offerings for the coming year andthe remaining 2018 models.
And should you decide to purchase a car, truck, or SUV from 2018, you’ll probably find that it costs significantly less than it would have at the beginning of the year.Dealerships typically spend the last weeks of the year trying to move as much of the current stock as possible to make room for next year’s models.
A new car is a big purchase, and even a great deal still means an investment of thousands of dollars. This is why it is important to think strategically about your purchase if you’re in the market for a new vehicle.
While there are lots of ways to avoid overpaying by doing careful research and being smart about the make and model you choose, one of the most important things you can do to save on your next car is to buy at the right time. And as decades of evidence show, no time is better than the last week of the month.