Cars are great necessities that make the running of day to day activities easier and faster. The need to own a car is presently on the rise. This is a result of the reduced cost price or any other factor. However, when it comes to buying a used car, many have worried about what time is best to buy used cars.
When is the best time to buy a used car?
After the holiday period
During worldwide holidays the cost of goods and product is usually very high. And that would not be a good time to buy used cars as you would buy a lower standard or quality of a used car for a very high amount. Whereas, after the holiday season has come to an end, the cost of used cars are usually reduced. This would be an ideal time to buy a used car. Rather than buying a used car during holiday periods like during Christmas holiday or New year holiday likes, wait till the holiday rush is over before you buy a used car.
Towards the end of the year
Towards the end of the year (September, October, November) is a best time to buy a used car. This is because most dealers try to clear up their Old stock and meet sales quota during this period. As a result, prices of used cars are usually cheaper than it usually is. There are also lots of discount sale during this season. So; you could take advantage of these months and purchase good quality cars at a lesser cost.
At the end of the month
The end of the month is a good time to buy an already used car. Especially for salary earners who receive their earnings at the end of the month. This is because there will be enough fund for the purchase of already used cars. Already used car dealers who must have prepared for the end of month sale would have lots of used cars available.
Before you need one
Before the need for a car arises is one of the best time to buy a used car. This is because you will be more patient to scrutinize or inspect every part of the vehicle. You’ll want to ensure that it meets your requirement and expectations. And because you are not in a hurry to buy a used car, you would properly weigh all your options to ensure that you make the right choice. You would also have the patience to go for a test run with the car.
However, if you wait till you are in great need for a car before you go out to get one, the chances are, that you would end up buying an already used car with probably more faults than you expected because you would not be patient enough to properly assess the vehicle.
Also, there might probably be other better options which would have served you better for the purpose you desire. But you would not find this because you probably are too impatient to search for them. Preparing to buy a car before you need one is also very advantageous! It allows you to prepare a good budget to purchase a finer, better quality, and more durable used car. It also allows you get the best deals when it comes to prices! You’ll have ample time to weigh your options and cost prices of different dealers before coming to conclusion on who to buy from and what car to buy.
After a new model has been released
After a new model has been released is also a good time to buy a used but recently designed model. The cost of the car would drop greatly as opposed to when it was just produced and new for sale. When a new car model is being produced, dealers and buyers focus on the new model. The rush for former models are diverted to the new model. Then, the cost of the former models drops automatically.
This is a good time to buy already used vehicles. But, recently designed models have a very high probability that they are still in good working condition though with a lesser price attached to it. However, be sure you properly inspect the already used car so as to avoid buying a looking new though damaged car which might have resulted from mishandling by the initial user.
When the is weather is favorable and clear
Favorable weather is an important factor to consider when buying a used car. This is because it makes every fault, dent or blemish on the used car visible. However, a cloudy or even rainy day would make it very difficult to spot dents, rusts or other blemishes on the vehicle. And because you do not want to go home regretting your choice of purchase, it is best you pick a day with crystal clear weather to buy your car so you can properly see all the faults of the car and decide whether or not you should buy it or not without the rain hiding or hindering you from seeing those faults.
When the demand for that car model is lower
It is confirmed that the higher the demand for a car or any other product is, the higher the price. This principle also affects used cars too. When you want to buy a used car, choose a time when it that car or model is not in demand. Dealers tend to inflate the prices of cars once they notice there is an increase in the demand for a particular model or make of car.
Black Friday is a period of slashed and reduced prices in the cost of items which are up for sale. This products or goods also involves cars both brand new and used cars. Black Fridays are also good times to buy used cars. You’ve probably seen lines out the door at Best Buy and Target, you definitely won’t encounter this at a dealer!
Early in the week or at the start of the week
Early in the week or at the start of the week is a good time to buy a used car. This is because of the level of attention which the dealer would give to you as a buyer. Unlike weekends where there is so much rush and numerous buyers waiting to be attended to, early in the week is usually a less busy time for dealers. There are little or no much customers! The dealer would have enough time to attend to you, answer all the questions you might have relating to the car, and even suggest and show you other better options which would serve you better.
Getting an Auto Loan to Purchase a Used Car
Waiting for the best time to buy a used car can take awhile, and in the meantime, you’ll want to explore your auto finance options. If you’re on the market to purchase a new or used vehicle and need an auto loan, then look no further! Car Loans of America can get you the car loans you need, with or without bad credit. Applying for an auto loan to buy used cars with us can get you approved for the auto loan you need regardless of your credit score. We provide affordable rates, quick response and have a network of over 30,000 dealers that we work with. You’ll find the car of your dreams in no time at all!