5 best times of year to buy a new car

financialadviceinfo june 2016You may want to buy a new car, because you want a new set of wheels, your family size changed or your old vehicle is on it’s last leg. Whatever the reasons, timing your purchase will help you get the most out of your money. Here are 5 best times of year to buy a new car;

At the end of the month – If you’re in a hurry to purchase a car, wait till the end of the month. Managers at car dealerships will be more willing to offer a larger discount, if they feel that the sale will help them top up their monthly quota.

When Models Are on the Way Out – When new models of vehicle comes in, dealers are quick to want to get rid of the old model. If you are comfortable driving an older model, this is the best time to buy a car.

Buy at the End of the Day – Most car dealers will drop their prices at the end of the day or on a specific day of the week. It is a known fact that dealers will give their best price on sundays.

Black Friday – Most shoppers are only interested in getting holiday gifts on black friday sales. However, for those who are looking to buy a new car, black friday is one of the best days to purchase one.

When a Rebate Is Being Offered – Some dealers offer clear out discounts on certain models on specific days of the year. Speak to a known salesperson about sale dates.