Sometimes, scoring a great car deal is all about the timing. There are specific times when you can purchase a new car at a much lower price.
Take note of certain promotional periods and car sales during the year. You can even further lower the price when you get car financing services. Here are a few tips on how.
Take Note of the Promotional Periods of Car Dealers
You will see a few opportunities for discounts and price drops from many car dealers throughout the year. If you’re on the market for cars, check for mid-year or year-end car sales.
Occasionally there are end-of-the-month negotiable periods. It’s when dealers are going for or adding to their monthly sales. Be ready to get requirements for your auto financing so you can easily snap up better car deals. Mark your calendars for these in-between grace periods.
There are also regular national sales periods around the end of the year, such as Black Friday. Many companies schedule their sales on this day with low price deals. The only downside in big national sales is the number of people hoping to score deals, so be ready.
If you’ve got impeccable timing, you can choose these dates to shop for a decent car that fits your budget.
Take Advantage of Older Car Model Options
When car companies release their new models, their focus shifts to selling these new cars. This is when they put older inventory cars and models on sale to free up space or clear all other stock. Sometimes, newer car models may be at a promo or introductory price as well, so be on the lookout for these too.
Loan companies can help you get better deals on some older and more affordable models.
Check Out Off-Season Pricing
Certain cars will also be cheaper and put on sale during off-seasons. For example, convertibles are off-season during winter, and some SUVs are not in demand during warmer seasons. Other car models or trucks that are off-season will be sold at discounted prices to clear stocks and welcome new additions and car inventory.
There are also downtimes when it is easier to negotiate or find cheaper car deals during the year. You can shop around during these opportunities and take advantage of the promos.
Car dealers open on national holidays such as New Year’s Eve. However, these are times when sales are usually slower, or they’ve already made major sales. As a result, they will offer great deals at relatively lower prices.
If you can wait for these price drops and buy during the off-season, you can save more.
If you want to save on the cost of a new car, have patience and find the perfect timing. Cars are usually put on sale during certain dates throughout the year. You just need to be on the lookout for these opportunities and schedule your purchase accordingly. While you wait, you can also read on the requirements for a car loan to ensure a hassle-free application once you’ve set your eye on a certain car.
Whatever your current financial level is, Get Approved Canada can help you get a new car through affordable auto financing. Visit us online, get pre-approved, and drive home your new car ASAP.