Introduction

Buying a new car is a significant investment, and timing your purchase can lead to substantial savings. At MotorVero, we leverage extensive data and industry insights to help you identify the best times to buy a new car. Whether you're looking for end-of-year deals or holiday discounts, this guide will provide you with actionable tips to get the most value for your money.

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When is the Best Time to Buy a New Car?

The best time to buy a new car often aligns with dealership and manufacturer sales targets. These milestones, such as the end of the year, quarter, or month, are when dealerships are most motivated to offer discounts to meet their goals. Here’s a breakdown of the optimal times to buy:

• End of the Year: December is the top month for car savings, with discounts averaging 10.3% off MSRP.
• End of the Quarter: March, June, September, and December are ideal for quarterly sales targets.
• End of the Month: The last 10 days of the month often yield the best deals as dealerships push to meet monthly quotas.
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What is the Best Day of the Week to Buy a New Car?

Timing your purchase to the right day of the week can also lead to significant savings. According to industry data:

• Sunday:
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• The best day to buy, with average savings of 10% off MSRP.
• Tuesday: A close second, especially in states where car sales are prohibited on Sundays.
• Thursday: Typically offers the lowest savings, averaging just 9% off MSRP.

What is the Best Month to Buy a New Car?

Savings tend to increase as the year progresses, with dealerships offering deeper discounts to clear out inventory and meet annual sales goals. Key insights include:

• December:
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  The best month for car buyers, with discounts averaging 10.3% off MSRP.
• Summer Months: Great for purchasing outgoing models as new vehicles arrive in the fall.
• Holiday Sales: Events like Black Friday and Christmas week often feature exceptional deals.
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What is the Best Time of the Month to Buy a New Car?

The end of the month is typically the best time to buy a new car, as dealerships strive to meet monthly sales targets. Additional tips include:

• After the 20th: Greater savings are often available in the final days of the month.
• Holiday Weekends: President’s Day, Independence Day, and Labor Day often come with special incentives.

What is the Best Day of the Year to Buy a New Car?

December 31st is widely regarded as the best day of the year to buy a new car, offering average savings of 10.9% off MSRP. However, external factors like COVID-19 may influence dealership strategies, so flexibility is key.

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Other Great Times to Buy a New Car

Beyond the typical end-of-year and holiday sales, there are other opportunities to save:

• Model Redesigns: Outgoing models are often discounted to make room for new designs.
• Discontinued Models: Vehicles being phased out can offer significant savings.
• Seasonal Promotions: Memorial Day, July 4th, and Black Friday are excellent times to shop.

Tips for Maximizing Your Savings

To ensure you get the best deal possible, consider the following strategies:

• Research Thoroughly: Use tools like MotorVero to compare prices and incentives.
• Negotiate: Don’t hesitate to negotiate with dealerships for a better price.
• Consider Financing Options: Look for low-interest financing or cash-back offers.

Conclusion

Timing is everything when it comes to buying a new car. By understanding the best days, months, and seasons to make your purchase, you can save thousands of dollars. At MotorVero, we’re committed to helping you navigate the car-buying process with confidence. Start your journey today and take advantage of the best deals available.

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