This is a sponsored post. All opinions are mine.
Your house will always be the biggest purchase you’ll make, but your car is probably second on that list. And while you put a lot of thought into your home, you should also put some careful thought into what sort of vehicle you’ll be parking in your home’s driveway.
NEW CAR VS. USED CAR
The first question you might ask yourself when you start the car-buying process is a simple one: New or used? Here are a few things to consider when answering that question.
New car advantages
New cars are reliable and accident-free. They’ve also got a great warranty (although many used cars do, too). And that new car smell can’t be beat!
New car disadvantages
The biggest drawback is the higher cost. A brand new family sedan without all the fancy extras will probably cost around $30,000. The same sedan loaded with features but three years old can be had for $20,000 to $25,000.
Used car advantages
Lower cost is a big used car advantage. Like we discussed above, used cars cost far less than their newer counterparts.
Used car disadvantages
Used cars are, well, used. They’ve got some miles on them, which means repairs will be needed sooner than they might if you bought a new car. The warranty on a used car also has a few years on it, which means it will likely expire soon (if it hasn’t already).
WHEN TO BUY A CAR
Now that you’ve decided whether you’re buying new or used, your next decision is figuring out when you’ll buy your car. Believe it or not, there are times of the year, month, and week when buying a car is better. There’s even a good time of day!
Best time of the year
The end of the summer and the end of the year are the best times to buy a car. The end of summer is good because that’s when dealers are trying to clear out the current year’s stock to make room for next year’s models. The end of the year (December) is good because that’s when dealers are trying to meet their year end sales quotas.
Best time of the month
Like the end of the year, the end of the month is a good time to buy because dealers will be anxious to meet their end-of-month sales goals.
Best time of the week
Hit the dealership in the middle of the week – Tuesday or Wednesday – to get the best deals. That’s when the dealerships will be least crowded, which means salesmen will have more time to focus on you and will be more likely to want to make a sale.
Best time of the day
If you’ve applied all the lessons above, you’ll be headed to the dealer at the end of the summer (or December), on a Tuesday or Wednesday at the end of the month. What time of the day should you stop in? About an hour before closing is best. That’s when dealers are wrapping up for the day and more likely to make a deal before clocking out.
It’s good to know that the best time to buy a car is late summer near the end of the month about an hour before closing is best. I never considered how important the timing could be. I’m saving up money right now to purchase my first car, so hopefully by the end of summer I’ll have enough.
The first thing comes to our mind when we go for buying a car is to buy a new car or an old one. Then we think about the advantages & disadvantages of new and used car. Talking about the new car, it is reliable & accident free and have a great warranty too. But their cost is too high to purchase. While in case of used cars the lower cost is a big advantage. But these cars are used well before by it’s previous owner. So it needs to be repaired soon. It’s warranty period is too less about a few years generally. The best times to buy a car is the end of summer, end of the year,end of a month. Among the week days,Tuesday & Wednesday are best because at that time the dealership is least crowded and salesman has more time to focus on us. Similarly one hour before closing the dealership is the best time of the day to buy a car.
Thanks for mentioning that a lot of used cars come with warranties. My boyfriend and I want to get a minivan before the baby’s born in June, but we want to make sure that we can get it repaired if something happens. If we got a used car, it would be less expensive, so maybe we should look for used cars for sale that comes with warranties.