Normally, the early winter is considered as the best time to buy a used car while late fall is considered as the worst one. The perfect timing, of buying a used car, can make you save at least 500$-1000$. You can save up to 5% by consulting a proper guide about how to buy a used car. There are several other factors involved regarding a best time to buy a used car or a worst time to buy a car. The psychological factor, the commercial factor, the branding factor and the special holidays are among key factors that define a best month to buy a car or a worst month to buy a car. Let’s see how a car’s price is related to a specific time span which should be considered while buying a new or a used car.
What Are the Best Months to Buy a Used Car?
The late fall and early winters are considered as the best time to buy a used car, according to many statistical experts. The best case study so far is done by the iseecars. They have examined over 32 million used car sales and they have stated that winter months(early months of an year) are the best months to buy a car. More specifically, January is considered as the best month to buy a car as it is the beginning of a new year and all the dealers are looking to offload the old car models. That’s why, the statistical comparison shows that there have been more deals in the January as compared to other months. Around 28% more deals are closed in the January as compared to the average sales per month. Avail the best time and buy a used car in Baltimore and Columbia MD.
What Are the Worst Months to Buy a Car?
Early fall and the late winters are considered as the worst time to buy a used car. April, May and June are considered the worst months to buy a car. Once again, there are some psychological and social aspects involved. People may not want to fuss about the car deals during the mid year due to their busy schedule. The car companies won’t introduce the new models in the middle of the year, so there is no point of offloading the old models at a lower profit margin and buying a new model. There are several such social factors that affect the car deals during the late winter and early fall. That’s why the statistics by Iseecars show that there are 20-27% fewer deals during April, May and June than the average number of deals per month. You can further consult an expert used car dealer in Washington DC about a best or worst time to buy a used car
Is January a Good Time to Buy a Used Car?
Yes, it is considered as the best month to buy a used car due to several social and economical factors. All the car companies launch their new car models in the early months of the year, so the dealers try to offload the old models as soon as possible to make room for new ones. Moreover, they can’t afford a massive price deprivation of the existing models just after an introduction of new models. Therefore, they are just willing to sell it even in a lesser profit range, so January is definitely a good time to buy a used car.
When Should You Buy a Used Car?
There are several do’s and don’ts of buying a used car. You should consult them and then go for a best time for buying a used car. The best time of buying a used car also depends on many factors. The early winter and late fall is considered as the best time of buying a used car due to multiple reasons but the January is rated as the best month to buy a used car because people may get annual bonus and pay raise in the January so they may afford the better used car. On the other side, the dealers may look forward to offloading their old models, even at a lesser profit margin, because they just want to have the newer models in January in their showrooms. Moreover, as soon as the new models arrive, there occurs a massive price deprivation on all old models. That’s why, the buyers and the dealers may have to find a better deal in the early months of the year as soon as possible. Further, there are some special events like Black Friday, President Day and Martin Luther King Jr. Day where the most suitable deals are offered. A complete and detailed case study has shown that there has been a 39.2% spike in the car deals on Martin Luther King Day, 32.5% on a President Day and around 30% on a Black Friday.