Are you thinking of buying a new car? Well, before committing your finances to that purchase, there are many factors you need to consider. One of these factors is timing. For this reason, you may be left wondering what is the best time to buy a new car. The car market has high and low seasons. Some of the facts about this market that you need to be aware of are that a few months are considered the best to buy. Plus, the day you make your purchase also counts. If you are looking for a new car, this is the best time to go out and sign that deal.

Day of the week

Monday is not considered the best day of the week by most people. How come? Weekends are often full of activity and arrive on Monday, all that’s left is to deal with a hangover. However, this is the best day to buy a new car in the automotive industry. Most dealerships don’t have many businesses as most of the customers are back at work and are looking forward to the end of the day. Therefore, for these dealerships, a customer who contacts on Monday is a big deal.

On this day, you are likely to get better attention and, even better, a lot. The salesperson who deals with you is likely to throw in an incentive like free fuel on a Monday than any other day.

Time of the year

Have you ever wondered why most people you know usually buy their cars during the last installment of the year? October, November and December are the best time of the year to buy a new car. This time of year, salespeople usually work harder to achieve car dealership goals and personal goals. To achieve these goals, offering customers good deals is a top priority for both the dealership and its employees.

End of the model year

Manufacturers have a deadline for the production of some cars. Once this deadline is announced to the public, the production of new car models is made public. Most of the new car models are placed on the market between September and November. Suppose we have observed a particular model whose production is finished. There are high chances of getting a better deal once the new model hits the market. However, you shouldn’t hold back from getting the new model. While it might be more expensive than what you’re looking at, it’s worth every coin.

Vacation

Holidays are a time for people to relax and have fun. It is also during this period that car dealerships focus on making meaningful sales. The possibility of buying a new car during the holidays at a discount is high. Some of the holidays to look out for are President’s Day, Memorial Day, 4th of July, Labor Day, Black Friday, and New Year’s Eve. Always pay attention to these holidays and you could get a great deal on a new car.

Buying a new car at certain times of the year requires patience. If you’re looking to save money, it’s always worth being a little patient. Good deals on cars don’t come often, so if you have time, wait a bit.