The right time to buy a car may be whenever you need one, but there are certain days and times when you may be able to strike a better deal.
Save Money By Shopping Yearly Sales
When you’re talking about the best time of year to buy a vehicle, you’re definitely going to want to target times when most cars see their biggest price cuts. Two great examples are mid-summer and the end of the year.
The week between Christmas and New Year's Day has long been heralded as the week for some of the lowest new vehicle prices. The other time during the year that seems to offer good deals and discounts is between late August and early September. This is the time that dealerships are clearing out old inventory on their lots to make room for the new model year cars, which traditionally begin to arrive in September.
Throughout the year, most holidays can also be a good time to save money on new or used vehicles. There are usually a number of sales you can choose from during many of them, such as Presidents Day, Memorial Day, the Fourth of July, Labor Day, and Black Friday.
Get a Good Deal Any Time of Year
If you don’t have the time to wait for a sale and need a car now, you can keep these timing tips in mind to take advantage of better deals that may be possible.
- The end of the month – Month-end is typically when dealers need to meet sale's targets, so it stands to reason that a better deal may be had later in the month.
- The end of the day – Late in the day tends to be a good time to get a good price, especially if a salesperson is looking to put a check in the sold column. As the clock heads toward closing time, sales staff may be willing to cut you a better deal.
- Beginning of the week – If you’re looking for personal attention from members of the sales team, you should avoid heading to a dealership on busy days. As the week winds down, many people plan to shop over their weekends. For a better chance of more face-to-face dealer contact, try shopping on a Monday or Tuesday.
Get a Car Loan after Credit Improvement
Perhaps one of the best times to buy a vehicle for everyone is after your credit score has improved. If you’ve been working hard to raise your credit score, an auto loan is a great time to see all your hard work pay off. Not only is it easier to qualify with better credit, you’re more likely to qualify for better rates and terms.
If you want to take advantage of the deals you could get with better credit, make sure to regularly monitor your credit reports and score, so you know which areas you can improve on.
The easiest way to building credit is by paying all your bills on time. Your payment history makes up the biggest part of your FICO credit score, so making all your payments on time is the best way to improve your credit.
Get the Deal You Need with Bad Credit
No matter when you need to shop for a car, it can be more difficult if you have less than perfect credit. If you’re a bad credit borrower, you may not always qualify for the same deals as people with good credit. This doesn’t mean you’re out of options when it comes to finding an auto loan, though.
Here at Auto Credit Express, we can help get you on the path to the vehicle you’re looking for. Simply fill out our easy and fast car loan request form, and our team will work to match you to a local dealership that works with lenders that help people in many types of credit situations, including no credit, bad credit, and bankruptcy. Don’t wait around to get the auto loan you need – the time is now!