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Buying a Car - The Best Time of Year to Purchase Your Car
Many people go on vacation to look at the latest and greatest cars that are available. During these times, there is a glut of used cars available for sale that the average consumer cannot seem to choose from. In this dilemma, many travelers buy a car sight unseen and pay sticker price. Before heading off to the dealership, there are some tips that automotive enthusiasts should keep in mind.
The first thing to do when car shopping is to evaluate one's driving habits. This is the best time to determine if a person's transportation needs are greater than a used car buying budget. Some indicators to assess one's driving habits include the following:
Car shopping for the new or used car during the April of every year would be ideal. This is the time when most cars undergo thorough testing before being put out on the streets. This means that the vehicles are prepared for the public and drivers are more aware of what they are driving. This also means that drivers are more familiar with the features and safety systems on newer automobiles.
There are a few ways to ensure that one's car shopping budget is not depleted with high-priced vehicles that have low market values. Prior to heading to the dealership, consider getting preapproved for the trade-in value.
If the trade-in value is lower than the expected cost, the trade-in can be used as collateral for a loan. Getting preapproved will help the buyer avoid paying top dollar for the vehicle. It is also beneficial for getting preapproved for the best possible trade-in value.
Car dealerships are experts when it comes to determining the market value of the automobile. When going to car shopping, make sure to visit several dealerships before heading off to the dealership. This will help the consumer compare models and prices. Most dealerships accept trade-ins from consumers with current cars; however, some will only take trade-ins of used cars. Knowing the exact type of dealership will greatly improve car shopping.
Another way to assure that the car shopping budget is not depleted is to take advantage of pre-test drive programs offered by various car-buying dealerships. These programs provide the consumer an opportunity to experience the entire buying process from start to finish.
Test drives allow individuals to experience the smoothness of handling various types of vehicles on the lots. The consumer will gain a better understanding of the seats, control scheme, powertrain, body styling, and other technical specifications. This will ensure a comfortable test drive prior to making the commitment to buy the car of their dreams.
Once car shopping has been completed and vehicles have been purchased, car shoppers might want to check into financing options. In order to reduce the amount of money necessary to purchase the vehicle, some car shoppers may want to consider taking a loan out against their personal property. This will help car shoppers to pay less for the vehicle they have chosen. However, if purchasing an SUV is an option, then financing is probably not a great option.
Finally, car shoppers need to be sure that they have the right type of incentives. Different dealerships have different incentives available. Some dealerships will match manufacturer rebate offers for loyal customers while others may only offer a cash rebate on the full price of the vehicles. Individuals who are interested in finding the absolute best vehicles at the lowest possible prices should make all of their purchasing decisions online.
By shopping online, individuals will have access to the largest selection of manufacturers, models, and colors. Car shopping websites have also become a great way for consumers to purchase their new luxury sedan or midsize SUV without leaving their homes. In addition to having access to the largest selection, shoppers can comparison shop conveniently and from the comfort of their own home. Online, individuals can read reviews about the cars they are interested in, get a general idea of the manufacturing process, and even locate the perfect car for their specific needs.
The best time of year to buy a used car is before Christmas and right after the holiday season. Car shoppers will have access to the largest supply of used cars on the market right now.
During the summer months, there are fewer vehicles on the lot, but the savings will more than make up for the lowered prices. Most auto dealers will also have a larger used car inventory in September and October. For the best selection and pricing, car shoppers should visit the dealership during one of these months.
While many Americans will wait until the blistering summer heat to take their vehicle off the dealership lot, other individuals will wait until December. Auto dealers have a large inventory in December because many of the major manufacturers are still in the production phase. By purchasing cars at this time, consumers will have access to the largest supply of cars, trucks, and SUVs, along with the lowest prices.