Purchasing Car Before Memorial Day May be Best Option
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.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid