Best Time to Buy a Car & Expert Shopping Tips

Is Right Now the Best Time to Buy a Car?

Many shoppers wait for major holiday sales like the Fourth of July to snag a great deal. But contrary to popular belief, waiting may not yield the biggest savings. In fact, savvy buyers are already seeing strong incentives available this weekend—especially on new models as dealerships clear room for next year’s inventory.

2016 Buick Cascada

$12243

Gas

77700 mi

Good Deal  

1 (5)

2017 Buick Cascada

$18495

Gas

83815 mi

Good Deal  

0 (5)

2018 Acura ILX

$64030

Gas

45002 mi

Good Deal  

4 (5)

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Top Car Deals Available Right Now

MotorVero continuously monitors dealership incentives, and current discounts across sedans, SUVs, and hybrid vehicles are competitive. Inventory availability and regional promotions may vary, so it’s smart to check with your local dealers for the best pricing.

• Best New Car Incentives: Look for factory rebates, low APR financing, and lease specials on 2024 models.
• Used Car Discounts: Certified pre-owned (CPO) vehicles offer manufacturer-backed warranties and special finance rates.
• EV Deals: With more inventory and federal tax credits, electric cars are increasingly affordable in 2025.

New vs. Used: Which Is Right for You?

There are benefits to both buying new and buying used. New cars come with full warranties, the latest tech, and zero wear. Used cars, however, offer more value for your dollar. Here’s what to consider:

• New: Higher upfront cost, full warranty coverage, no prior usage.
• Used: Lower purchase price, faster depreciation, possible unknown history.

For used buyers, MotorVero’s Used Car Checklist can help ensure a smart purchase.

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Determine Your Budget: How Much Car Can You Afford?

Before stepping onto a dealership lot, calculate what you can reasonably spend. A good rule of thumb is to keep your total car expenses—loan payment, insurance, fuel, and maintenance—under 15% of your monthly income.

Use MotorVero’s Car Price Comparison Tool to benchmark vehicle costs and evaluate affordability in real-time.

2021 Alfa Romeo Giulia

$27697

Gas

28912 mi

Good Deal  

0 (5)

Porsche 911

$124900

Petrol

10,283 mi

Good Deal  

0 (5)

Audi e-tron GT

$15773427

electric

54466 mi

Fair Deal  

0 (5)

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Financing, Leasing, or Paying Cash: What’s Best?

Your financing method should align with your financial goals and lifestyle. Here’s a quick breakdown:

• Finance: Build equity over time; monthly payments until loan is paid off.
• Lease: Lower monthly payments; good for those who want a new car every 2–3 years.
• Cash: No interest or payments; ideal if you have savings ready.

Compare interest rates and lease terms with MotorVero’s Auto Financing Guide.

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Lease Like a Pro: How to Get the Best Lease Deal

Leasing can be cost-effective, but only if you understand the terminology. Know your mileage limits, residual value, and money factor before signing.

Explore MotorVero’s Top Leasing Tips to negotiate like a seasoned buyer and avoid hidden costs.

Lock in the Best Auto Loan Rates

To get favorable loan terms, improve your credit score, shop around with multiple lenders, and consider pre-approval. Many credit unions offer better rates than dealerships.

Learn more in MotorVero’s Auto Loan Strategies article.

2023 Jaguar I-PACE

$79999

electric

43 mi

Good Deal  

0 (5)

2021 Lincoln Aviator

$37520

Gas

52920 mi

Good Deal  

0 (5)

Nissan Note 1.2E

$15650

electric

73215 mi

Very Good Deal  

0 (5)

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Common Mistakes to Avoid at the Dealership

Even seasoned buyers can fall into traps. Avoid the following:

• Not researching trade-in value beforehand
• Overlooking total cost of ownership
• Agreeing to add-ons you don’t need
• Failing to negotiate financing terms separately
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Extended Warranties: Are They Worth It?

Extended warranties can offer peace of mind but aren’t always a great value. Evaluate coverage, deductible amounts, and exclusions carefully before signing up.

Read MotorVero’s Guide to Extended Warranties for a full breakdown.

2024 Lexus GX 550

$72986

Gas

3 mi

Very Good Deal  

0 (5)

2024 Chrysler Pacifica

$49092

Gas

0 mi

Very Good Deal  

0 (5)

2023 Audi Q4 Sportback e-tron

$39651

electric

14310 mi

Good Deal  

0 (5)

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How to Trade In or Sell Your Old Vehicle

Get the most for your car by prepping it for sale—clean it, repair minor damage, and gather service records. Use online appraisal tools and get multiple offers for the best value.

Considering private party sales? Follow MotorVero’s Car Selling Guide to write compelling ads and avoid scams.