Tips and Advice On The Best Time To Buy A Car
Have you been wondering when is the best time to buy a car? At Basil Family Dealerships, this is among the most common questions that our customers are eager to get answered. It’s only natural that you’d want to find a car that your head and heart can agree on while simultaneously maximizing your savings. Although this may come as a bit of a surprise, the best time to buy your next car is today!
There are a number of reasons why this is the case. First of all, there are months when manufacturers are especially eager to help you purchase a car by offering special offers and incentives to motivate you to buy now. In other months, skyrocketing demand for new or used vehicles can cause other dealers to avoid reducing prices on their inventory. This means that no matter the day, month, or time of year it is – choosing Basil Family Dealerships for your next car purchase is always a rewarding decision. Across all of our locations, you’ll be able to take advantage of exclusive money-saving resources and get the best deal on your next car.
The Best Time to Buy a Car? – Today!
Instead of planning or forecasting what your transportation needs will be in the future, it makes the most sense to buy your next vehicle as soon as the need arises. There’s no need to waste time and effort predicting the future. Simply visit your local Basil Family Dealerships location to find all the impressive savings and deals that are waiting for you. We’ve provided a quick breakdown of some of the most common factors related to saving money on your next vehicle purchase.
Dealership-Level Savings
Dealer Cash Incentives
Both advertised and unadvertised, dealership-level cash incentives can occasionally be combined with manufacturer-level offers for huge savings. Quite often, the only way you’ll find out about these savings is to stop by in person to shop for your next vehicle!
End of Lease Offers
Are you a current lessee with a lease term end date that’s fast approaching? It’s possible that you may qualify for an end-of-lease incentive that helps you get out of your current lease and into a new one. This often means keeping the same payment or even lowering your monthly payment when making the switch!
High Trade-In Demand
The best way to get top dollar for your vehicle is to trade it into a Basil Family Dealership! Our team is always looking for quality used cars just like yours to fill our inventory. Demand for used cars remains at all-time highs, making it a great time to trade in your vehicle. Even better, you won’t waste any time or deal with the inconvenience of selling your car privately.
Manufacturer-Level Incentives
Model Year Transition
You’ve likely heard about the concept of a model year changeover or transition. This is when last year’s model is being phased out in favor of a new model. Whether this is due to a light refresh or a major redesign, this changeover represents a great opportunity for buyers to save big on a new vehicle. Manufacturers that are eager to sell off their remaining inventory will frequently offer special savings and incentives to attract buyers. Remember, this changeover can happen at various times during the year – not just on January 1st!
College Graduate/Military/First Responder Discounts
If you’re a member of a particular group such as recent college graduates, members of the military, or first responders – you could qualify for exclusive savings. Various manufacturers often provide special deals and offers to reward the hard work and dedication of certain groups.
Conquest/Loyalty Incentives
In an effort to keep drivers behind the wheel of their products, manufacturers often run special promotions that reward the loyalty of current owners/lessees. On the opposite end of the spectrum, conquest offers entice drivers of other brands to make the switch to a different brand. You could find yourself in a rewarding position if you qualify for either of these offers!
Additional Factors to Consider
Seasonality
With changing seasons comes changing demand for various types of vehicles. Buyers tend to start shopping for all-wheel drive or 4WD vehicles once the snow starts to fly in the winter months. Conversely, the warmer summer temperatures coincide with increased demand for convertibles and sports cars. You can potentially get a great deal by shopping in the opposite season when demand for the vehicle type that you’re interested in remains low.
Tax Incentives
Interested in making the switch to a hybrid or electric vehicle. Certain types of vehicles may potentially qualify for additional tax savings at both the state and federal levels. It’s yet another reason to consider making the switch to a hybrid or EV, especially when you factor in the savings on fuel!
Fuel Prices
The price of fuel is often related to the demand for a particular type of vehicle. For example, skyrocketing fuel prices tend to result in buyers searching for economical compact sedans or hybrid/electric models. When fuel costs are low, buyers won’t delay purchasing a more thirsty type of vehicle like a full-size SUV, pickup truck, or sports car. When you’re on the opposite end of either of these demand curves, you can save big.
Holiday Events
Throughout the year, manufacturer and dealer incentives are typically announced during certain holidays. Whether you’re shopping in the summer or winter, there’s a decent chance that you could encounter special savings based on the time of year.