Buying a new car? If you’ve not bought a new motor before, it’s worth noting that the time of year that you buy can have an impact on how much you pay.
There are a few reasons why this is the case. To help you perfectly time your trip to the showroom, here’s a look at the key factors that can influence price.
Changing number plates
The newest number plate tends to have a huge influence on price. New plates are released in March and September and these are the months when there tends to be a surge in sales as motorists flock to the very latest models.
However, as well as being brand new, these cars with the latest plates will be the most expensive. To avoid spending a lot, try searching in February and August. This means you won’t be buying the newest plate, but you’re likely to get a good deal on a six-month-old model as dealers want to clear the path for the next lot of number plates.
As most car buyers are preoccupied with Christmas preparations, December and the first weeks of January are often the quietest time for car dealerships. So, if you’re in the market for a new car at this time of the year, you’re likely to get a good deal as salespeople will be keen to sell you a newer model.
Break it down
As well as timing your purchase across the year, the time of the month that you buy can also be important. Most dealerships have sales models based on objectives and targets and these tend to be reviewed on a monthly basis.
So, if you hold off your visit to the dealer until the end of the month, you increase your chances of getting a good price as the salesperson will want to hit their target. But don’t leave it until the last days of the month as the sales team could have hit their targets and not need to get that sale through. Therefore, aiming for the third week of the month could be a safe time to try your luck.
However, this is less likely to be the case during the months when new plates are released, so if you can hold off buying in these months, you’re likely to get a good price.
Days of the week
Weekends are when many motorists have time to browse the collections in the showrooms. If you’re able to visit during the week, you might find that you can get a good deal as the salesperson’s attention will be fixed on you.
Whether you’re holding off until the end of the month or you’re saving up now for that Christmas lull, you’ll find that established dealers such as Peter Vardy can help you to make your selection and offer you great deals. Because when it comes to buying your new car, timing is everything.