Got a Used Car to Trade-In? Wait 1 Month
Here's a quick tip that could add a few hundred dollars in your pocket!
If you're planning to buy a new car and have a used car to trade-in, you may want to delay the deal until later next month to take advantage of the "spring bounce".
This is a period when dealers compete to increase their inventory of used cars in preperation for increased sales for tax season (when many get refunds and use those refunds towards the purchase of a used car).
The "spring bounce" period is typically late February through end of March. Waiting just a month to do a deal and trade-in your used car could put an extra few hundred dollars in your pocket, especially for trade-ins under $30,000 - these are the most in demand vehicles.
Additionally, January is typically a slow month when it comes to new car deals anyway, so you probably won't be missing out on anything by waiting a month or two.
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