Why Fall is the Best Time to Buy a New Car
Why Fall is the Best Time to Buy a New Car
Model Year Close-Out
Autumn is the time when the new model year vehicles are showing up at dealerships. These updated vehicles may have been completely redesigned or simply feature minor changes compared to the current year version. The best thing about the new models being introduced is that the previous model year vehicles start to experience significant drops in price.
Interest Rate Drops
Another great special offer that occurs during fall, and other times of the year as well, is the dropping of interest rates for the purpose of brand-new car. Buyers should take advantage of any chance to purchase a new car at a low interest rate, such as 0%, 1.9%, or 2.9%. If financing, buyers could save thousands of dollars in interest fees by taking advantage of a special interest rate offer instead of having to finance at a normal 4 or 5%.
The Right Time To Buy
Sometimes necessity, such as an accident or extreme repairs, dictates when drivers must purchase a new vehicle. However, if buyers can wait until later in the year, they are more likely to get a great deal, such as low interest rates and lower car prices.