When is the Best Time to Buy a Used Car

When you’re in the market for a used car, there are a variety of factors to consider. Ultimately, you want the right car at the right price. Many believe there is a right and wrong time to buy a used car; however, the most important thing to consider is when it is the right time purchase a car from a financial standpoint.  At Great Rate Car Loans we work with people in many different financial situations so they can get the right car, at the right price, when they need a new car the most.

When is the Right Time To Buy A Used Car?

  • If you’re shopping through a dealership, it’s worth shopping when dealers have a lot of inventory to choose from. Often, this can happen in September when new car buyers are starting to purchase the new year’s models.
  • Many agree to visit the dealership when they’re trying to achieve targets before the end of a period. Try a Friday, towards the end of a month, or near the end of a quarter. Likewise, there are some buyers who think going to the dealership near the end of a day is a great way to secure a good price.
  • Think Seasonally… and then reverse it. The first signs of warm weather will likely bring a rise in the price of convertibles and summer vehicles. Likewise, a 4×4 car built for winter will likely demand higher prices once it snows.

 

Ultimately, the right time to buy a car is when it works for you financially. If you are in the market for a used car loan, regardless of your credit, apply now for quick approval and great rates.