Purchasing Car Before Memorial Day May be Best Option
If you're planning on buying a car soon and you're thinking the best time will be Memorial Day weekend, you may want to reconsider.
In fact, the best time to buy may be right now. Incentives are historically high (thanks in large part to Toyota's recall woes) and showrooms are relatively empty, as many are waiting for Memorial Day sales events.
This two-week lull offers the best chance at uncrowded floors and particularly good deals. Plus, the big tent promotions don't always guarantee consumers end up with great deals.
Analysts at Edmunds.com note that sales bonanzas such as last summer's Cash-For-Clunkers program don't always have the price-cutting effect you might think. The frenzied atmosphere at the big events tends to drive up prices.
Take advantage of great incentive deals being offered right now, like rebates set aside for lease specials, zero percent financing, and hidden dealer cash.
The two-week lull before Memorial Day weekend is a rare opportunity, so if you're thinking of buying soon, now is the time to do it.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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