Best Time to Buy a Car (Next 6 Months)
When Is the Best Time to Buy a Car in the Next 6 Months?
If you are not sure about when you should buy your car in the next 6 months to have the best deal then you are clearly not having enough knowledge about the car market and best and worst months to buy a used car . Stop searching for “ how to know the best time for a new car '' and just keep reading this car buying guide till the end.
Is It a Good Time to Buy a Vehicle During the Last Months of 2022?
YES! The last months of every year are always crucial and helpful while buying a new car because the showrooms and salespersons are hoping to meet their sales quota of a year plus they are trying to offload the older models to make space for the upcoming models. Furthermore, if you have even a little knowledge about buying a car during covid then you may already know that after the past 3 tough years, the car market is eventually recovering in the last months of 2022. The car production is returning to normal and the hiked pricing are eventually restoring; moreover, if you already have a good priced car then you may even get a best trade-in offer from the car dealerships as well in the last months of 2022.
When's the Best Time to Buy a Car? and Why?
The last three months of a year is always considered the best time to buy a car or auto. You may easily find the fleet prices in October, November and December; moreover, you may get the best prices in some special holidays and some other occasions as well.
Following are some of the best times to buy a used car or new car for specific reasons. Do remember them.
Last 3 Months of a Year
October, November and December are perfect months to buy the new cars because all salespersons and the manufacturers are trying to meet their yearly and last quarterly sale’s targets. Furthermore, they need to get rid of older models to make space and budget to stock the latest upcoming models in the next few months. That's why you may see fleet prices and massive discount offers by car dealerships in the last 3 months of every year.
Special Holidays
There are some special holidays where the manufacturers and car dealerships offer special discounts out of courtesy. 4th of July, Labor Day, Memorial Day, President’s Day, Black Friday, New Year and the day of Martin Luther King Jr. If you won’t find any suitable time due to your tough routine and you can’t wait till the last three months, you should surely go out on these holidays to find the best car at a fair price because all these holidays are among the best times to buy an auto.
January
January is the best time to buy a used car because in the last 3 months of a previous year, many buyers have already traded their used cars to buy new cars from dealerships and now those used cars have to be loaded off by the car dealerships ASAP. That’s why January is considered to be the best time to buy a used car.
Monday
The very first day of the week is a perfect time to buy a used car if we specifically talk about the best day to buy a used car. Most of the potential buyers are already on work and you won’t face any tough bidding war as you are among those rare people who hunt used cars on work days.
2022 Used Auto Buying Considerations
We are in the last months of 2022 and usually these last months are always the best months to buy a used autocar; however, the post covid era has been facing skyrocketing prices of used cars. Now things are recovering(at the end of 2022) plus the supply chain issues are resolved and the used car market is also recovering but the prices even at the end of 2022 are not ideal due to the toughest past 2 years.
Fortunately, there is some silver lining regarding the future of the car market and sales because the new car production has recovered well and the people are not so much tempted to buy used cars at the moment due to an unnatural inflation.
If you are sitting on a tight budget and you cannot afford a new car at the moment and you are still tempted towards a used car; don’t worry, there are still some ways to get the best used car on budget - follow these considerations:
🟡 Firstly determine how much you can afford to buy a good used car.
🟡 Secondly, always try to trade-in with your current car because your current used car may also have an inflated price, so it may give you some edge to cope with inflated prices of used cars.
🟡 Before going for trade-in, browse your car’s model at several car marketplaces like CarMax to know it’s actual worth.
🟡 Go to a trusted and reputed dealerships like Bumble Auto, if you want to buy best used cars in Maryland and Ellicott City .
