The Best Time To Buy A New Car

Like many things in life, timing plays a valuable role in success.  This also applies to buying a car.  There are good times to buy and there are bad times.  The best times to buy are generally when everyone else is not buying.  This has to do with simple supply and demand.

In tax season, many Americans are receiving their refunds from filing their Federal returns.  One of the primary uses of those refunds is to use it as a deposit to buy a new car.  So the first quarter of the year is generally when demand increases and with that increase goes the increase in prices.  The first quarter of the year and the month of April account for as much as 50%-60% of annual vehicles sales for many dealers.  This is the period where they are flush with customers and less likely to be aggressive on the deal making.  With that information in mind, what is the best period of the year to shop?  That can vary depending on the climate but in general prices begin to fall in the mid summer months through to November.

So, if you are in the market for that new car, don't forget that later in the year tends to be better for bargains.