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The best time of year to buy a car in 2019

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Last week, I gave you the exact systems to help you negotiate lower automobile insurance rates. Now, I want to talk about another aspect of buying a car that many don’t consider: the best time of year to buy a auto.

The best time of year to buy a auto( aka the thing salesman don’t want to tell you ) What if I can’t wait that long ? Are Labor Day/ Memorial Day/ 4th of July/ Hanukkah blowout marketings a scam ? The best day of the week to buy a auto More ways to save money on buying a car How to buy the car of your dreamings with conscious spending

So what is the best time of year to buy a vehicle? The answer is surprisingly simple as long as you understand car salespeople.

The best time of year to buy a auto( aka the number one thing salespeople don’t want to tell you)

For starters, the absolute best month is December.

To understand why December is the absolute best time to buy a automobile, you need to first understand the process and mentality of the humble automobile salesmen.

Like any other salespeople, they have quotas. A Plenty of quotums. They often come in the shape of monthly, quarterly, and yearly aims for the number of cars they have to hit.

This means that your car purchase could determine the difference between their dealership reaching their sales objective and the salesperson receiving a nice annual bonus or…well , not doing those things.

That’s why December( more specifically, the last week of the month) is the best time of year to buy a vehicle. To take it a step further, you should see if you can negotiate a automobile bargain on December 31 st, New Year’s Eve.

According to TrueCar, you can actually end up saving up to 8.3% off the price of a new vehicle if you visit the dealership on New Year’s Eve instead of any other day. This is because this is the last day a trader has in order to construct both their quarterly AND yearly objectives. As such, they have a fat bonus on the line so they want to get the cars out the door as soon as possible.

Let’s say you were looking at a nice utilized car going for about $20,000. If you went in on New Year’s Eve, you stand to slash $1,660 simply because you went in on that day alone. Imagine what you could earn if you compounded it with great negotiation tactics.

Bonus: Want more advice on how to improve your finances? Check out my Ultimate Guide to Personal Finance .

What if I can’t wait for December to buy a car?

Sometimes, you merely need the car sooner rather than later. If this is the case, you can still get a great deal by buying on the last day of another quota.

The next best thing to the end of the year is the end of the quarter. For those of you who don’t think in fiscal quarterss, this basically entails 😛 TAGEND

March 31 st( last day of Q1) June 30 th( last day of Q2) September 30 th( last day of Q3) And of course, December 31 st( last day of the year, and Q4)

You’ll get a good deal anytime during the last week of a one-quarter, but it’s best if you can go on the exact last day.

If that’s still too long to wait, then the next best thing is to go on the last day of the month.

According to Mike Rabkin, proprietor and founder of From Car to Finish, the end of the month is great due to the aforementioned quotums that car salespeople have to hit.

“When a vehicle needs assist selling, the end of the month is a good time to buy if negotiating the vehicle yourself, ” he says. “Because marketings administrators at dealerships have a monthly quota to hit and get compensated on whether they hit it or not.”

If you can’t wait until the end of the month … then you need to take a hard look at your life! Going on the last day of any given week isn’t going to be much more beneficial than normal, if at all. In fact, Sunday is one of the worst days for savings( more on the best day of the week below ).

My local dealership is having a Labor Day/ Memorial Day/ 4th of July/ Hanukkah blowout sale. Is this a scam?

While those huge blowout sale days might seem more like slick advertising than anything else, they actually offer solid savings if you choose to buy then.

According to Autotrader.com, many car companies offer cash-back deals and good financing for holiday weekends — which allows the dealers to take advantage and try to lure you in to buy a vehicle with sales.

So instead of heading to your buddy’s BBQ for Labor Day weekend, you might want to make a trip down to the car dealer to see what sweet deals you can snag. Then, of course, go to the BBQ after in your new ride.

The best day of the week to buy a car

If you want to further optimize your savings on a car buy, buy your vehicle on a Monday.

Most people do their auto shopping on the weekend. Not many think about going to a car dealership in the middle of a Monday ready to negotiate.

On average, people save up to. 61% more when buying a car on a Monday than Sunday( the worst day of the week to buy a automobile ). This is likely to be chalked up to the fact that EVERYONE goes to buy a vehicle on Sunday.

Check out the chart below to see the average savings on the market price of a vehicle by day.

Sunday

7. 49%

Monday

8. 10%

Tuesday

8. 05%

Wednesday

8. 07%

Thursday

8. 08%

Friday

8. 06%

Saturday

7. 77%

( Source: TrueCar.com)

If the stars align for the last day of the month to fall on a Monday, you can get even more leverage. In 2019, September 30 th( the end of Q3) is a Monday!

The dos and don’ts for purchasing a vehicle

If you want to maximize your savings even more, there are a number of things that you are able to do( and a whole lot you should avoid) when it comes to purchasing a car.

Do buy a good car that’ll last you at the least 10 years

Many people — especially you younger folks reading this — are going to want to prioritize the route a automobile looks over anything else. Instead, you should be focusing on getting a good vehicle that you will be able to drive for a while( preferably around 10 years ).

Cars are long-term investments, people !! This isn’t like a pair of shoes where you’re just going to wear them for a year or two before get a new pair. And like a pair of shoes, a vehicle only gets worse and less valuable over hour. Here’s a complicated graph explaining this.

pasted image 0 252

So look for a good reliable automobile and definitely don’t do what this reader tried doing.

DO investigate recent alumnu incentives

A lot of automobile dealerships and automakers have fantastic programs for first-time car buyers fresh out of college. These incentives often come in the form of great rebates or special financing for new grads with good credit.

Two ways to find these deals 😛 TAGEND

Google it. This should really be the first step to anything. Do a simple Google search for recent-graduate car incentive program. Actually, I’ll just do it for you.

Ask the merchant. When you’re negotiating with your dealership, be sure to ask them what they offer in the way of new graduate vehicle incentives.

DON’T assume you have to buy a used car

Buying used isn’t the only way to save money on a car. Over the long term, a new auto might actually end up saving you money if you 😛 TAGEND

Pick the right new automobile Negotiate a low price Drive it for a very long time

I’d instead you get a new vehicle that’s dependable than buying a used automobile that’ll break down sooner.

DON’T stretch your budget for a automobile

Set a realistic goal budget for your car and don’t go over it. Other expenditures will come up — maybe auto pertained, maybe not. You don’t want to end up struggling because you can’t afford your monthly auto payment.

You don’t have to worry about stretching, though, if you have one thing in place: A Conscious Spending Plan.

Bonus: Want more advice on how to improve your finances? Check out my Ultimate Guide to Personal Finance.

Buy the car of your dreams with conscious spending

Though heading to the dealership during the best time of year to buy a vehicle is a great way to save money, you can make sure you have even more money to get the car of your dreams by implementing a Conscious Spending Plan.

The typical route people look at saving money for a big purchase like a auto typically goes like this 😛 TAGEND

Step 1: Cut out things like lattes and buying lunch every day in the hopes of saving enough fund.

Step 2: Occasionally set a few dollars into your savings account.

Step 3: Cave and go back to buying lunch and lattes every day.

Step 4: Stop saving money for a vehicle at all, feel bad for yourself, and should be going to step 1.

What if I told you there was a system that allows you to know EXACTLY how much you can spend each month, helps automate your savings so you don’t have to do it, and allows you to keep buying your favorite latte every day?

That’s what the Conscious Spending Plan is. This is the exact same system my friend has used to spend five grand a year on shoes.

I can feel your eye-rolling judgment through the computer screen now. How can anyone in their right mind spend so much on shoes per year?

Well consider this:

She makes a healthy wage. She doesn’t expend much on other things. She has a system in place that allows her to know exactly how much she can expend each month.

But most importantly: She merely freaking love shoes.

And her system permits her to buy 10- 15 pairs of shoes each month — with each of them expensing around $300- $500 a pair.

After investing in her 401 k and paying off her fixed monthly pays like rent and utilities, why wouldn’t she use her money to buy the things she loves?

You can use the same system to buy a car. Imagine being able to walk into the dealer and driving off the lot in the car of your dreams, resting easy in the fact that you were able to pay for it.

That’s why I want to offer you a free chapter of my New York Times best-selling book I Will Teach You To Be Rich.

In it, you’ll find the exact system you can use that’ll help you both earn more fund and start saving for an awesome car.

Enter your datum below and get the chapter for free today.

The best time of year to buy a car in 2019 is a post from: I Will Teach You To Be Rich.

Read more: iwillteachyoutoberich.com

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