Buying a used car toward the end of those periods is an excellent way to get a deal. The end of the year is a particularly good time to buy. In the week or so following the last day of the month, quarter, or year, there will likely be more used cars on dealership lots from trade-ins and lease returns.

Is January a good time to buy a car?

While the data shows that December is the best time of the year to buy, there are also a few other viable months. In other words, if you need a car in January, there’s no need to wait 11 months to get a good deal. The discounts on new cars typically follow a trend that coincides with the introduction of new models.

How do you buy a car at the end of the year?

How to Maximize Your End-of-Year Car-Buying Power

1. Do some pre-shopping research. Check prices at several dealerships and online to make sure you have a good idea of what the vehicle should cost.
2. Shop on a crummy weather day.
3. Show up at the end of the day.
4. Ask for additional discounts.
5. Request some freebies.

What are the slowest months for car sales?

January and February are the slowest months for car sales, since consumer spending usually drops off after the Christmas holidays.

Do you buy a car at the end of the model year?

Whether or not you should buy a car at the end of the model year depends on your plan for vehicle ownership. If you’re buying a car that you plan to have for years, we suggest that you buy at the end of the model year. You’ll save money, and the depreciation and potentially outdated design likely won’t matter to you.

When is the best time to buy a new car?

The advice you’ve heard is correct — you really can get a better deal on a new car by buying it at the end of the model year. And the reasoning is correct, too: Dealers are always eager to clear out their inventory of “last year’s model” when a new model year is right around the corner.

What do you need to know about buying a car?

When it comes time to buy a car, you have a variety of choices available to you. Not only do you need to pick the make and model of your car, you also need to decide if you want to buy a new or used car. This is an important decision and it can make a big difference in your finances over the next several years.

Are there any end of year car sales?

Watch for television and newspaper ads promoting end-of-year clearance sales at car dealerships. If you don’t need to have the newest model coming off the line, you can get huge discounts on almost-new vehicles. Many manufacturers offer special discounts and sales during this time.