When it comes to timing, its everything. Even when it comes to leasing a car. There are thousands of vehicles to choose from, so picking the right timing is essential. As time goes on, transaction prices go up and down depending on demand.
Dealers say that the best month to lease a car is in December. Salespeople and car dealers have quotas to make. Some people have 10-day quotas, and some have monthly quotas for the number or vehicle to sell. Then, there is the annual quota. Dealerships tend to roll out there best deals at the end of the year. For that reason, New Year’s Eve and New Year’s Day have the best deals. However, the timing of calendars when it comes to dealerships and manufacturers may not always line up.
Timing Is Everything When Purchasing A New Car
For example, in 2017, December end and Jan. 2, 2018 were the sale dates. Depending on when you purchase your car will determine the difference between the dealership hitting their annual sales goal and salespeople receiving big bonuses. That is why during the last week of the month, it is best to buy a new car. According to those at TrueCar, if you visit the dealership on New Year’s Eve, you can save an additional 8.3% on your vehicle.
So, say that you were looking to spend $20,00 on a car. If you go on New Year’s Eve, which happens to be a Tuesday, you can slash off a good $1,660 that day.
According to reports from U.S. News, consumers who know about the deals, receive them. The magazine is excellent for providing buyers with all of the information they may need. There’s information in there about the buying process for choosing new versus almost new. Also, the magazine helps with understanding all of the financial options available.