Best Times To Buy A New Car in 2024

Buying a new car is in a significant investment the timing your purchase can save you thousands of dollars whether you’re buying the latest model or looking for the best deal on and outgoing ones, understand the best time to buy to make a substantial difference here we have a guide on when the best time to buy a car in 2024 would be in maximize your savings and drive away happy. 

End of the month

End of the month why does it matter car dealerships operate on a monthly sales quota towards the end of the month the sales people are motivated to hit their targets and may offer better deals to close sales cause they have to move cars to get more cars into car lot The urgency can lead to substantial discounts and incentives. That’s why we encourage car buyers to shop around multiple dealerships now if you have a ton of dealerships in your area, don’t go to two dealerships. Hit them to see what they’re willing to do.

If you want to know, one of the best strategies is to visit the dealership in the last few days in the month, sales teams might be more willing to negotiate and provide additional incentives like free, add-ons or low interest rates to make a car sale.

End of the quarter

Shopping cars at the end of the quarter might also be beneficial for you similar to monthly quotes dealerships have quarterly sales goals. The pressure to make these targets increase towards the end of March June September in December this period often sees a spike in dealership, promotions or incentives.

If you want to know the best strategy in taking on this type of target timing, your purchase at the end of the quarter combines the benefit of monthly and quarterly incentives. You might find a dealership near you offering substantial discounts, better financing options and other perks to close the sale and meet their quarterly goal. 

End of the year

You could also do this strategy end of the year at the end of the year is one of the best times to buy new cars. Dealerships aim to clear out their inventory to make room for next year’s model leading to a significant discount on the current ears model that they have in stock also aligned with the manufacturers end of the year sales event that most dealerships will promote.

You can use the finder tool that we have on this site that will give you a number of cars that are available in stock at local car lots right now. Or you could do this strategy to start shopping in November and December take advantage of the year, end clearance event and holiday promotions this month often feature the deepest discounts, making it ideal For the buyers looking for the best deal. Let’s face it. The best deal is going to move the car.

Major Holidays

The next idea when you’re looking for a vehicle to purchase, you could do it on a major holiday holiday weekends are premiere prime for car sales dealerships often run special promotions and discounts during these periods memorial day, independence, Day, Labor Day and Black Friday are notable for car shopping depending on your area depending on the car lot that you go to you might not see very many buy here pay here car lots as many sales, but it’s worth a shot to go and look. Or you can look at no money down car lots near you for good deals on new cars.

A good strategy is to visit your dealership. These holiday weekends dealerships are usually packed with buyers so it is wise to do your research and negotiate on the car in advance and we’re not just saying negotiate the monthly payment of the car neg the total value of the vehicle Dealerships will advertise their promotion so you can identify the best deal before heading in. 

Model release date

Another way to do this when your car shopping is when a new model are released dealerships are eager to sell off the previous years inventory so you might be able to find a gem last year‘s inventory this period can offer excellent deals on outgoing models that are still new, but priced lower to make wave for the latest version.

One strategy that we like to encourage is to keep an eye on new model release dates typically around late summer or early fall as new models hit show rooms the previous years models often come with a significant discount.

Another strategy that many car buyers no matter where you live will do is a midweek visit. Weekends are busy for dealerships, which means that there’s less time for individual buyers visiting during the middle of the week. Gives you more personalized attention to the car to the staff who may be more flexible with negotiation when the dealership doesn’t have as many feet walking around.

Mid-week walk in

The best strategy for customers that are looking to buy a car mid week or negotiate on car midweek it’s Tuesday or Wednesday. These are the days that are fewer customer sales people have more time to focus on you and might be able to find you a better deal or make time to do the research for a better deal

Preparation to making the most of these timing strategies when buying a car if you’re in the market for newer used, cars doesn’t really matter, but you have to have an understanding of your budget that allows you to leverage the optimal time to go into the dealership and make a purchase on a very good deal Being a family car or a put the top down I need wind in my hair vehicle.

What we encourage people to do when they are shopping around for cars is used online sources to compare pricing reviews and check dealer inventory. You want to make sure that the dealership has your vehicle with brand new tires on it whatever the case may be so that you can leave the dealership happy. If you have a trade-in research the value of the trade-in that you have to negotiate better but don’t put that out first off the gate you wanna put it in your back pocket and sit on it for maybe even a couple hours maybe a day or two if you go mid week.

Timing of purchase

Timing your purchase in 2024 can get significant savings and a better buying experience by targeting the end of the month the end of the quarter or the end of the year even major holidays and new release dates of vehicles you can maximize the discounts that are out there in so many different areas and so many different dealerships Incentives that you have never seen on television before. Midweek visits can also provide a quieter more focus buying environment for you so that you don’t feel pressured to buy the vehicle that you know that you can’t afford at that moment.

Buying a vehicle nowadays means doing your research, combining strategies and doing the preparation and you’ll be on your way to off the lot with the best possible deal on a car no matter what dealership you decide to visit.