Can Buying a Car during the Holiday Season Help You Save Money?
Christmas is around the corner, which means the shopping season. However, most of the people find it the worst time to shop goods due to the stress they are to bear being in the unmanageable crowd. However, for some people, this is the best time to buy a car.
Buying a new vehicle is one of the most expensive purchases whether you want to pay for it outright or you want to fund your expenses with a loan. If you are planning to buy a car, you must be thinking Christmas is the best time to do so because car dealers usually sell cars on hefty discounts.
What if you are planning to buy a new car?
If you are looking to buy a new car, you will definitely plan to buy it during the end quarter of the year, especially in November and December. The end months of years are very popular in purchasing a new car. This is because car dealers offer exclusive deals during the holiday season to let as many old models as possible.
Studies have found that auto dealers have a list of new models to be launched in every year beforehand. Since it is the end of 2020 and the next year 2021 models will be out, so people will be more interested in buying new models. It means a new car as of 31.12.20 will turn out to be one-year-old on 1.1.21.
Of course, this will put a hold on the sale of those models. This is one of the significant reasons why car dealers sell all models of new cars available in stock at hefty discounts. December is just around the corner. Even though the 2020 car models are new, they will be outdated at the beginning of 2021. There is no better way to release cars from stock than offering them at awesome discount deals.
What if you are planning a used car?
You do not need to rush to buy used cars in the end months of the year. This is because the end quarter of the year people are generally interested in buying new cars. Even if you are not looking to buy a new car, you should not need to rush to stores to buy used cars. Old car deals are available throughout the year, so you can buy them at any time when you want. The holiday season is better to buy new cars while you can buy old cars at any time.
Here are some of the tips to buy a car during the holiday season
- Discount is just one aspect of the whole deal
One of the significant mistakes that you will likely commit while financing a car is you are too occupied with the price. Do not forget to consider fees and applicable rebates. If you are looking for an old car, make sure that you have researched the vehicle history and analysed its condition carefully.
Before you arrive at a decision, check what you are paying is worth the cost of your car. If you are funding it with car finance with bad credit in Ireland, make sure that the deal will not set you back much more than the showroom price of the car.
- Try to buy on Christmas Eve
There is no denying that you will get a car at cheaper prices, but you will be luckier if you specifically plan to buy it on Christmas Eve.
Research has shown that auto dealers can allow for 8 to 10% off the market price of the car on Christmas Eve or New Year Eve, which is 1 to 2% higher than usual days.
It makes sense to throw a barrage of questions at car dealers to make a decision, but you should always trust your research than what they tell you. They are to clinch the deal and thereby can hide some facts if not inquired. It is advisable to research appropriately before calling on the store and then compare it with what the dealer says.
Well, buying a car during the festive season is definitely a good idea. You will be able to get a new model at hefty discount deals. Whether you are paying for it outright or financing it with a loan, you can save a ton of money.