When is the best time to buy a new car?

Blog · Our World

When is the best time to buy a new car?

The new '65' reg plates have just been released but for a large number of us across the country, a new registration car is out of the question. However, if you are after a new car – there are many ways you can get a bargain on both new plates and old cars and it’s all to do with the time of year you buy it…

Car sales are seasonal

It may seem like common sense, but you will pay more for a convertible during the summer months and more for a 4x4 or larger vehicle in the winter months. Taking time to assess what car you really want is advantageous and if you can hang on until your chosen vehicle is out of season, you’ll get more of a bargain.

Consider pre-registered cars

Essentially a pre-registered car is a vehicle that has been registered by a dealership but has not been sold. They are often highly discounted because they already have a registered owner – normally the dealership – but will only have delivery mileage on the clock.  It can mean a serious bargain for a buyer as they can sell for as little as 70% of the original price. The warranty will have already begun however and you will be the second registered owner which will lower your resale value, but the savings could more than make up for that.

If you don’t mind being a model behind, you’ll get a bargain

If there is a specific model you’re after, do some investigations into whether there is a new version of that model coming out. If so, wait until the new model is due to be released and you may find it’s easier to negotiate a good price with a dealer as they need to make way for the new model! Bear in mind that the older version will depreciate once the new model is out.

Dealers have targets to meet

Dealerships have targets to meet and you’ll find that towards the end of the month they will be more competitive on price in order to boost their sales numbers. Equally, this works at the end of each quarter, especially June and December, as this is when quarterly targets need to be met. The quietest day of the week tends to be a Friday so you’ll be more likely to get attention from staff – combine that with the end of the quarter and you’ve got a great recipe for reductions!

Strike while no one else has any money

Some of the best car deals happen in the build up to Christmas – typically from late October onwards. It’s around this time that people have very little spare cash lying around, so there are added incentives to purchase a vehicle. January is a great time to see if you can find a bargain – just make sure you save your Christmas money.

Do your homework

Never just accept the first offer given to you – there’s always room to manoeuvre on price and no dealer will come out with their rock bottom price first. Look into how much similar cars are worth and whether you could get it cheaper elsewhere and use this as leverage.

Good luck with your car search – we hope you find the car you want at the best price possible! We love these infographics from the Money Matters blog about buying both used and new cars, just click though to take a look.

Don’t forget to ensure your current car is looking as good as it can to get the best part exchange deal possible. ChipsAway can help with that by repairing any scratches and scuffs you may have – just call us today on 0800 145 5118 or fill in the form on the right for your free, no obligation quote!

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