Whether it is a new vehicle or a second-hand one, you have to understand the trends of auto sales to be able to spot a bargain. Buying a car is not easy, as it implies lots of searching, talks with dealers, comparing, papers, etc.
You have thought about this the entire year, looking for the perfect model, but you are waiting for the best moment to make this decision. Don’t worry about this anymore as we have selected the best times when you are most likely to get a good offer on a vehicle.
Let’s see the best time for you to buy the perfect car.
Santa will bring you a car
During the summer holidays, distributors and retailers will try to maximise profits by taking advantage of the gift-giving deadline and the peak spending period in Australia. Buying a car this time of year is a great idea as dealers will be more willing to negotiate the price. The good part is that there will not be much competition, as people usually focus on buying gifts or travelling during the holidays.
New Year comes with a new car
If you missed the great christmas deals, do not worry. January, February and March can also be an excellent opportunity to save some money on the previous year’s models. After the EOFY period, March is the second greatest month for car sales. Dealers plan to make room for the new stock, so take advantage of that.
The financial year comes to an end
Fiscal end of year is not December as many would think, but June. This is the time of the year when you will see sales for almost anything, including cars. Dealerships will try to attract customers by offering significant incentives such as price-slashing, little interest on finance or free servicing. As you will be competing with hundreds of other buyers, you have to think fast and know what you want.
Less is more
You already decided what make and model you want, but it is still too expensive for you? Stay up-to-date with news regarding any new model that might be released soon. As many will rush to purchase the latest model, you will be able to benefit from the run-out sales as dealers will make room for the new model.
Each dealership has its own policy and some of them offer great deals during some times of the week. For example, you might see great offers for Saturdays and Sundays when people usually go shopping. During the end of the quarter or the month, you might find some dealers that try to improve sales numbers at the last moment and will be willing to cut you a deal.
Staying up-to-date with the seasonal activity of car sales can help you find the best moment for you to purchase your dream car at the lowest price.