Is It Time For A New Car?

As we head into fall, GasBuddy is predicting that average gas prices around the country could drop below the $2 mark. To make travel even more affordable, many car dealers are starting to slash prices on most makes and models of new cars. That means that September is the perfect time to upgrade to a new set of wheels.

A Buyer’s Market:

September is typically the time when new car models debut. That means car dealers must clear their lots of the older models. This fall is even more of a buyer’s market than usual since auto sales for the year have been a little slower than expected. According to GasBuddy, new car sales are projected to be down about 5 percent from last year’s record sales. This is forcing a number of dealers to offer buyer incentives in the form of bonus cash, cash back rebates, and even 0 percent financing.

Juicy Deals Versus Limited Inventory:

Dealer incentives and price reductions are likely to get even better as we get closer to the end of the year. The trade-off is that there will be less inventory. If your heart is set on a particular make or model with specific features, you may want to go ahead and make your move now. If you are not as choosy about the type of vehicle, waiting until the end of the year may score you an even better deal.

Time Your Purchase Strategically:

The last three days of the month are typically the best time to get a deal on a new car. Salespeople are often desperate to make their monthly sales goals or to reach a sales target that will earn them a higher commission rate.

Be Flexible:

There are plenty of quality vehicles at all price points, so there is no need to limit yourself to a particular make or model. Some of the best deals are on vehicles that are about to be redesigned or models that are going to be discontinued. Do not expect to get a huge discount on a just-released model.

Avoid Lowball Offers:

It is alright to negotiate, but trying to lowball is counterproductive. For example, an offer of $21,500 for a $23,000 car is going to be taken more seriously than a $20,000 offer. Researching car pricing information in your area online or calling several dealerships for quotes on a particular make or model will help you determine a good starting point for your negotiation.






Featured Articles

9 Free Things That Are Available to College Students

Listen up college students! You don’t want to miss out any potential freebies that you should take full advantage of. Not only will it help your budget, but freebies can be a huge relief. Plus, most college students don...

Read More

Ways To Save Money With The High Cost Of Healthcare

While healthcare continues to be a huge expense for most families, there are still ways to save money. If you happen to reach your out-of-pocket maximums on your insurance each year, there are options that you might not know...

Read More

What is a Pell Grant?

Pell Grants are funds distributed by federal programs, offering students a needed source of educational financing. Eligible students will receive a specified amount every year that they remain in school. Unlike student loans, Pell Grants are not expected...

Read More

Why You Might Be Entitled to a Settlement from Walmart

In 2015, a woman named Jacqueline Cote filed a lawsuit against Wal-Mart, alleging that their health insurance policies violated laws concerning same-sex couples. Although Wal-Mart initially denied any wrongdoing, they hav...

Read More
VIEW ALL ARTICLES