Why the End of the Year is a Great Time to Buy a New Car?

Thinking about buying a new car? This is a huge financial decision to make and one which needs to be carefully considered. The time of year can play a big role in this decision and you will find that towards the end of the calendar year is actually a smart time to make this purchase. Read on to find out why.

 

Quiet Period

One of the reasons that this is a good time of year to buy a car is because most other people are not looking. With Christmas on the horizon, people are often trying to avoid making any big purchases at this time which means that showrooms are often empty. Therefore, you often find that there are good deals during what can be a challenging period for car dealerships.

 

Sales Targets

Car salespeople usually have quarterly targets to hit with one of these falling at the end of December. This means that they might be more willing to cut you a good deal when negotiating at this time of year in a bid to boost their sales and hit their targets.

 

Low Demand

Depending on the type of car that you are in the market for, you might also find that demand is low during this time of the year where the weather is usually poor. If you are in the market for a convertible then this is the best time of year to purchase, for example. People tend to buy four-wheel-drive vehicles during this period so you may be better off waiting till summer if this is the type of car that you are after.

 

Leasing

Leasing from somewhere like ZenAuto is a smart idea if you are planning on getting a new car at this time of year. Leasing brings a wide range of benefits, such as the ability to drive a new car every few years, you do not have to worry about depreciation and it can be cost-effective. It is also a smart idea at this time of year because you will not have to pay an enormous lump sum when Christmas is just around the corner so it should not interfere with the holidays or your personal finances.

 

As you can see, the end of the year could be a great time to buy a new car and it is a good chance to make some big savings. Buying a new car is always an enormous decision and one which you need to think about carefully, plus you should always look for ways in which you could make savings.

I hope this article has been of use to you.  Let us know in the comments below if you have any top tips yourself.

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