If you’re in the market for a new vehicle, you might be curious as to which season is best for car buying: spring or fall. Typically, more used cars are sold during the spring and summer, which means sellers are more eager to make a sale during the cold weather months. This should result in lower prices and a bigger inventory, but it doesn’t always work this way.
To get the best deal on a vehicle, you’ll want to pay attention to the car-buying trends in the news so that you can combine the best prices with the best financing offers. Also, when there is a lot of inventory to choose from, there is more room for negotiation, which can also help you get a better rate.
Let’s look closer at the benefits to buying a used car in the spring versus the fall so that you can make the best decision for your needs and budget!
Benefits of Buying a Car in the Spring
As winter ends, more people are getting out of their homes and looking to purchase new things, including cars. March and April, tax season, are some of the best months to buy a car, either new or used. Dealers and sellers know that many people are receiving tax refunds, so they entice buyers with good deals and financing offers.
Plus, March and June usually mark the end of fiscal quarters when dealers are more motivated to sell their inventory at discounted prices. We do recommend shopping at the end of the month, as car dealers are in more of a time crunch. If they haven’t reached their goal, they will be more likely to sell you a car at the price you want.
Also, pay attention to car deals around Memorial Day, as this is when dealers want to get rid of old inventory so they can make room for new models in the fall.
Benefits of Buying a Car in the Fall
Historically, fall is an excellent time to buy a vehicle. We’re approaching the end of the year, which means dealers have specific goals to meet. Also, by the end of the year, dealers are trying to sell off the inventory they have to make room for new cars, meaning older models are priced to sell.
In fact, an analysis by TrueCar found that buyers save an average of 10.3 percent off MSRP when they buy their car in December. Pay special attention to certain dates in the fall, including Labor Day, Black Friday and Christmas. There are always great deals happening around these times, helping you to save a little more off your purchase.
Should I Buy a Car this Spring, or Wait?
Here at RepoFinder.com, we believe in buying a car when you’re ready. You shouldn’t have to wait to buy something if your car is unreliable and a money trap. You should be able to afford a new vehicle that you feel safe in, and doesn’t cost you a ton in repair and maintenance costs. But, we also recommend doing your research and keeping an eye out for good deals, as this can help you save significant money.
RepoFinder doesn’t have a ‘best time’ to buy cars, because EVERY DAY is the best day! We have a directory of banks and credit unions throughout the U.S. that are selling their repo inventory. We encourage people to check back often so they can find the perfect vehicle for them.
To take advantage of great prices, quick sales and a wide inventory, shop for your new car at RepoFinder!