When looking for a new car, exercise a little patience if possible, because timing can have a big impact on your pocket.
Why should it matter when you buy a new car? Well, there are many seasonal reasons why certain months can get you a cheaper car, and we all like to think we have got a bargain.
New Registration
Twice a year, namely March and September, brand new vehicle registrations come out; these are the peak months for sales of new cars. This means that dealers will have second-hand cars to sell, and this gives you a strong negotiating position. If you’re looking for a new car and aren’t bothered about the new number plates, dealers will be keen to offload cars from their showrooms to make room for the new stock in February and August, when sales are slow, so a bargain can be had.
Individual
If you’re looking for a specific type of car, like a convertible, you will pay less in the winter months for both new and used, as demand is lower. The same goes for four-by-fours: demand is higher in the winter months, during bad weather, so it makes sense to buy in the summer and get a better deal.
The end of any month is a good time to purchase: sales managers are keen to hit their monthly targets, so you should be able to negotiate a good deal. Showrooms are often quieter during weekdays, so sales teams will be eager to help and get your business.
Leasing
If you spot the car of your dreams and realize that you cannot afford to buy it, car leasing could be another option. There are many car leasing companies around the country, such as car leasing in Leicester from http://leasing.totalmotion.co.uk/. By leasing you could get a more expensive vehicle that you would not otherwise be able to afford.
Space
When new models come out, car dealers are keen to clear their forecourts of older models; this is therefore your opportunity to get a good discount. Space is money to a car dealer, and there are times when they need to free up space for newer cars.
Car dealerships’ Black Friday deals could save you thousands, as they are trying to clear out old stock for the New Year.
