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Friday, April 3, 2009

Timing Is Everything: How to Find A Good Deal for Your Next Car

There are many things to think about when you are looking for a new car. One of them, believe it or not, is timing. Of course, many buyers spend a lot of time figuring out every angle to their purchase. They do ask themselves whether it’s the right time to buy a car. Unfortunately, too many buyers concentrate on reviewing their own circumstances to determine the right time for a car purchase.

If you dig around a bit, you’ll find tons of information about times and dates for new car purchases. Did you know that some people even suggest there are optimum days for buying new cars?

Don’t get carried away, but look into it and you’ll realize there’s a lot of truth to the timing issue. At certain times of the year, month, week, and yes, even at certain times of the day, the buyer has the advantage. Why? There are always peaks.

First of all, there’s predictive market value – different from the actual market value which is the average price everyone is paying for a given type of car. Rather, the predictive market value is a forecasted value. It indicates the likely pricing for your selected vehicle. As a tool, it is a good way to assess and predict the current climate of your vehicle.

Next to market value there’s rainy days, holidays, 15 minutes before closing, early in the week, and end of the month.

Rainy days can be good days to shop because there are few other buyers on the lot. This theory maintains that salesmen will want to offer good discounts just to get some business. The upshot is the dealer will know you are a serious buyer and be more willing to deal.

Holiday periods are also seen as a good time to buy. Business can be pretty slow so to a certain extent it is possible to get a good deal around the holidays. On the other hand, dealers are well aware when the holidays are approaching and they do cut back on inventory.

15 Minutes Before Closing is a timing concept tried out by many aspiring savvy buyers. The general theory is that if a person heads to the dealership just fifteen minutes before closing, sales staff will be desperate to go home. On that basis, they will avoid the crazy back and forth system. In reality, they won’t be all that desperate to go home; they will simply keep you behind after class.

Overall, your best bet for timing a purchase is to avoid the busiest times. Avoid the weekends because dealers have tons of customers. At the beginning of the week, you have a much better opportunity to get the attention of dealers. The end of the month is another good time to try and get a good deal on a new car.

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