You already know that the cost of the car can fluctuate according to the month. With this, it is imperative that you learn when is the best time to purchase a car. To be successful, you need to wait. Keep in mind that waiting for the right time of the year to buy a car can help you save hundreds if not thousands of dollars.
Here’s the best time to purchase a car through bmw dealership chicago:
Early in the week – not on weekends
You should know that Mondays, Tuesday, and Wednesdays are usually the perfect days to shop for a car. This is because there is less customer traffic. If there is less customer traffic, you have a better chance of getting a good deal. Remember that dealerships tend to be crowded during the weekends. This means that stopping in on a Saturday or Sunday could make negotiating a challenge.
You should try shopping around on a Monday because it is the slowest day of the week. The salesman needs to make the most of these limited opportunities to make a sale. You will have a better position for negotiating favorable terms.
Late in the year
Another best time to shop for a car is late in the year. The months of October, November, and December are the best time of the year to buy a car. You must know that car dealerships have their sales quotas and to meet the sales goal, the salesperson might have more than one deal to offer.
Late in the month
When you buy a car, consider late in the month. You should be careful though because sales deadlines do not always collaborate with the calendar month. Sometimes, they can come many days earlier. If you walk into a dealership in the last days of the calendar month, it might have the opposite effect – you will find a less favorable deal. To keep this from happening, try shopping on the 26th, 27th or 28th day of the month.
During the holidays, you often see car dealers enticing you to shop and save. Holidays offer deep discounts. Knowing this, you should frequently check the following holidays:
• Memorial Day: you must know that summertime is the most expensive times to buy
a car. However, dealers tend to cut prices back on or before the Memorial Day holiday.
• Black Friday: Black Friday is considered the sales craze. Car dealerships also take part in the craze just like the rest of the retail industry. You may find lower car prices during this time. However, you should keep in mind that Black Friday is one of the busiest retail days of the year. This means that you need to expect big crowds and many bargain-hunters.
• New Year: New Year’s Eve may be one of the best days to shop for a car. The salesperson during this time could be facing quarterly or yearly quotas. You can find a favorable deal easier since they are aspiring to meet their goals or targets.
If you wait a bit longer, you should buy a car during a closeout. Dealers have limited space and when new models come, they need to make space for it. As a result, they will offer good deals for older stocks.