Similar to booking a flight, a hotel room, or an event, the time of year (and even the time of day) impacts how much you pay for a new vehicle. You need to consider the best day, month, and time of year, when buying a car through auto leasing. The answers to those questions can get you the best deal for your money.
The Day, the Week, and the Month
Remember this word: end. Whether the day, the week, or the month, your best window is at the end of those times.
- Day: The best day to buy a car is typically the last day of the month. Salespeople often try to meet quotas and are more likely to offer discounts on that day.
- Week: Monday and Tuesday are typically the best days to buy a car because dealerships are the least busy, and salespeople can give you more attention and time for auto leasing options. You won’t be rushed as you browse your options, ask questions and negotiate your deal.
- Month: Month’s end is a good time to start looking for a car, but the best deals are usually in October, November, or December. These are the most discounted months since dealerships and showrooms are set to clear out old stocks before selling new inventory. Chances are, they’re also trying to make sales quotas, thus making it easier to offer you a better auto leasing deal just so the car is off the lot.
- Year: The monthly principle also applies when considering an auto purchase at the end of the year. The best time to buy is towards the year-end, typically in December. Many dealerships offer year-end sales and discounts during this time to make room for the new year’s cars. Shopping during December could help you get a great deal on a car.
What about When Buying Used Cars?
When considering a used car, one of the best times to buy is at the end or the beginning of the year. This is because dealerships want to make room for new arrivals and later models, giving you room for auto leasing negotiations.
Conversely, the beginning of the year is also a good time to buy a used car because dealerships are looking to sell vehicles that were stuck during the winter.
There are special advantages to buying used cars on certain holidays, too! Black Friday isn’t just for retail stores! Dealerships also use these holidays to create sales events with discounts, free add-ons, and finance incentives.
Long weekends and holidays are often busy at car dealerships as people take advantage of deals and incentives. If you’re planning to shop during these times, make sure you’re prepared in advance. Boxing Day, in particular, is a busy time as it falls at the end of the month and the end of a financial quarter. You may want to consider if it’s worth your time to shop during these busier periods or wait for a less busy time. You can also refer to the abovementioned tips regarding buying a new car.
Auto Leasing Pre-Approval Available at LeaseAxel
When thinking of auto leasing for used cars, trucks, or SUVs, go to LeaseAxel today! We provide affordable rates and terms, zero mileage limitations, and open-ended payments. Visit our website to know more!