Buying a used car allows you to avoid the depreciation that is associated with buying a new vehicle from a dealership. Used cars tend to be more affordable, so many drivers prefer to buy used vehicles.
The key to scoring the best deal on your next vehicle is knowing when the time is right to buy a used car. Here are three specific times when used car prices may be at their lowest.
1. Major Dealership Promotion Events
Car dealerships will typically host a couple of major promotions throughout the year. While these promotions are often meant to attract buyers interested in new vehicles, they can be beneficial for used car buyers as well.
The dealership is likely to have more cars on the lot during a promotional event than they would on an average day. More vehicles in inventory means more opportunity for you to find the used car you are looking for at an affordable price.
2. During the Week
You want to avoid visiting a car dealership on the weekend. Since most people have weekends off work, Saturday and Sunday can be popular days to visit a dealership. More potential buyers on the lot means that the sales staff will be spread thin.
If you wait and visit a dealership on a weekday instead, you will be able to receive better service. Shopping on a weekday ensures that you will have time to test drive multiple vehicles.
Your salesperson will be able to devote their undivided attention to you on a weekday, which can result in more effective negotiations when it comes to making a deal on a used car.
3. At the End of the Month
If you can wait until the end of the month to make a used car purchase, you may find that you are able to buy your next car at a more affordable price.
Most dealerships have certain sales quotas that they must meet on a monthly basis. As the end of the month draws near, the dealership will be more likely to make a deal with you if they are trying to meet their monthly quota.
It can also be beneficial to find out when the sales quarter ends at a dealership and make your purchase then. A salesperson trying to meet his or her quarterly goals can be much easier to negotiate favorable contract terms with at the dealership.
To learn more, visit a local used car dealership such as Car Craft Auto Sales, Inc.
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