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When Is The Best Time To Buy A New Car? The Answer Is Clear.

Key Takeaways

  • New car deals grow towards the end of the year, but one day stands out.
  • Can’t wait? The end of each month brings great car buying opportunities.
  • Use DIY tools to find the most negotiable cars.

One of the most common questions we are often asked is, “When is the best time to buy a car in order to get the best price?” The answer is simple: year-end sales are your best bet. Let’s break down why the end of the year is ideal for negotiating a great car deal.

Why Year-End Sales Matter

Dealerships are highly motivated to sell at the end of the month and year. Every day, sales managers review their inventory to identify which cars need to sell quickly. The longer a vehicle sits on the lot, the more it costs the dealer, which increases the likelihood of a discount.

Using CarEdge Insights, you can see how long cars have been sitting on dealer lots, giving you an edge in negotiations. Plus, dealerships push hardest at the end of the month to hit sales goals, offering the best deals during this period.

December 31st: The Best Day to Buy a Car

December 31st is the absolute best day to buy a car. Not only are year-end incentives in full swing, but dealerships are closing their financial books, and some may face inventory taxes on unsold cars. This creates even more pressure to clear inventory and offer deeper discounts.

What about other times of the year?

Can’t wait for December? The last day of each month is also a great time to buy. Sales targets drive dealerships to offer better deals as they aim to hit their numbers. You can still find solid discounts, even if it’s not year-end.

Maximize Your Savings With Free Tools

Plan your car purchase for the end of the month for the best deal. To really maximize savings, head to the dealership on New Year’s Eve and be prepared to negotiate. Using CarEdge Insights, you’ll have the information you need to get a great deal before the clock strikes midnight. Rather have a pro negotiate for you? Learn more about CarEdge Concierge.

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Last updated Oct 7, 2024

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