3 Ways to Never Pay Full Price for a Car
Whether you already know what kind of car you want or you are keeping your options open while looking, it pays to check your calendar to avoid paying full price. The search for the best car savings is all about knowing when to shop, which can make a difference on how much you pay for a vehicle. Before you begin your car shopping journey, here are some tips to keep in mind.
1. Go before the end of the day.
Before you head out looking for your next vehicle, the time of day can have a large impact on how much you pay. According to AutoTrader.com, if you’re serious about getting a car, going later in the day can work to your advantage. That’s when dealerships may be more likely to mark down the cost of a vehicle for you, negotiating simply because they want to leave. If you’ve done your research and know what a good price is for the car you are interested in buying, you may be able to get a better deal since the staff wants to wrap things up and head home.
2. Pay attention to what day of the week it is.
The actual day of the week can even make a big difference too. Depending on which part of the week you decide to shop, you can save even more money. The best deals may be found at the end of the week- Sunday to be exact. Dealerships are trying to make quotas and get cars off the lot. According to TrueCar.com, no matter what time of year it is, Sundays are typically the best day of the week to buy a new car. People can expect to pay on average $1,402 less versus shopping any other day of the week.
3. The time of year can save you money.
Many people think December is the best time to buy a vehicle but recent research compiled from TrueCar shows that the best deals may be in late summer. August ends up having the lowest average transaction price of the year at $29,296.
The Bottom Line
When you’re ready to buy a car, being strategic about when you shop can make all the difference in how much you end up paying. Simply paying attention to the time of day, day of the week and time of year can help you avoid paying full price.
Karen Cordaway is a part-time teacher by day and freelance writer by night. She’s a recovering shopaholic who spent years wasting money until she learned how to stop by reading personal finance books. In her spare time, Karen enjoys trips to NYC, photography, authentic Mexican food and believes chocolate is a food group. You can also find her writing on MoneySavingEnthusiast.com