Home When is a Good Time to Buy a Used Car?

Well, it is always a good time to buy a used car. They are way cheaper than the new ones. They run almost exactly like the new ones. And you get warranties when you buy from the top used car dealerships in Greenville SC, again, exactly like the new ones. But if you are smart with money, you will know that there is indeed a right time to make an investment. And that fact is true for used cars as well. If you time your purchase right, you can get a great deal on your car. Buy the same car at a discounted rate than what it usually sells for. So, look for used cars along the following times and take advantage of the market. Save a few bucks by being intelligent and walk away with a cheap but quality used car.

Buy when the demand is low

When the demand for any good falls, its price comes down as well owing to abundance. Dealerships then try to empty their lots and make a sale and become lenient on the price tag. Hence, keep your eye out for low demand cars and buy right when the car lots are becoming flooded with a particular segment of vehicles. For instance, the demand for SUVs rises right at the advent of fall and winter as people prefer to buy covered cars that can run on snow. Similarly, hatchbacks and convertibles lose their demand at around the same time due to obvious reasons. Thus, a Mazda MX-5 will sell at a cheaper price than a Ford Escape during fall and winter.

Avoid buying when supply is low

This is the opposite concept of the previous principle. When supply is low, availability reduces and prices shoot up. Cars now will sell at a few dollars more than their usual price. Usually, used car lots see a restricted inflow of vehicles just after holiday seasons or weekends when families generally come together and people tend not to sell their family cars. But this issue generally does not exist in the top and expansive used cars Simpsonville SC dealerships who maintain a chain in various locations. Supply always remains steady here. The inventory is also fairly large. Thus, prices rarely vary here owing to the low supply of used cars.

Purchase around an auto show

If an auto show comes to your city, that is the best time to buy a used car. These shows are where manufacturers boast their new models and entice buyers to go for the latest cars. Consumers do flock to the new car dealerships to get an upgrade and consequently, sell their previous car. Used car lots fill up, supply increases, and used car dealers slash their prices to increase sales. You can pitch in here and buy your car at a discount. The US has numerous auto shows all around the year. Wait for the one in your city and keep your cash ready.

Certain holidays can be your time as well

Black Friday, Christmas Eve, the 4th of July, and more. Deals become copious not only in supermarkets and fashion stores but in used car dealerships as well. Prices are slashed. Extra offers are put up against used cars and used trucks Greenville SC. You can make a substantial saving by combining your holiday deals with the offers available at good dealerships and drive home a used car at steal-away prices.

Or during quarter-end or month-end

These are the times when car dealerships update their books. They want to show a profit in their accounts and meet the targeted sales figure. Naturally, the hype goes up to make more sales right during the approaching deadline and the playing fields tend to sway in your favor during negotiations. If you need a car right away, target the month-end time. If it can wait a bit, go for the quarter-end. The fiscal-end can also be a good time as the same sales principles work then as well.

Timing is everything

However, make sure you do not sound desperate and buy only from the top used car dealerships in Greenville SC. If you do not like the deal at hand during the holidays, have the patience for the season to change. An opportunity is always around the corner in the flourishing US auto industry. All you have to do is to master your waiting game.