5 Tips for Buying A New Car

Certain times of year are more popular than others for buying a car, and it’s no surprise that the end of the year is one of them. In fact, buying a car at the end of any month is recommended by most car-buying experts. If you’re thinking about buying a car before the New Year (or any other time, for that matter), here are a few tips:

Shop at the end of the month.

We already mentioned this, but buying a car at the end of the month is smart because this is when sales managers are feeling the most pressure to meet their monthly quotas. For you, this can mean an easier time negotiating and a better deal.

Wait for a new model to release.

See a car you want, but don’t want to pay full price? Wait for a newer model to be announced, as you’re more likely to see a reduction in prices for the older model. Be ready to act, though, as most dealers will be pushing these older models to make room for the newer ones.

Don’t buy in the spring.

For people putting their tax refunds towards a new car, the spring is a popular time to buy. Instead, wait until later in the year for specials and deals that’ll allow you to actually save money on the car of your dreams. (Fun fact: Black Friday is one of the best times to save on a new car!)

Go on Sunday.

Some studies have shown that Sunday is the best time to save money when buying a new car. In many cases, Friday buyers have spent up to $2,000 more than Sunday buyers.

Wait for a new model to be reviewed.

Don’t make the mistake of buying a new model before it’s been reviewed. Keep an eye out for reports released from trusted sources, like Consumer Reports, who typically releases their reviews at the start of each calendar year.

But what about insuring a new car?

When you purchase a new car, you’ll of course need to insure it. Here are some quick tips for insuring a new vehicle:

• Shop around. Even if you already have car insurance on another car, we’ll help you see if there’s a better policy available for this specific new vehicle.
• Update your policy. A new car will likely affect your insurance rate, so be sure to update your policy to include the new car.

Ready to insure your new car now? Get a quote!