This time of year, the commercials are full of end of the year deals on cars. When I was talking with a friend, he said he never believes all the hype about at the end of the year sale on cars. He sees it as a way to get you in the door and then they raise the prices. But for the most part, the excitement about end of year deals on cars is true. Why?
Why is the end of the year a good time to buy a car? One reason is because of the weather. See, there are a lot of people out there who are just like me and can no stand the cold. That keeps them from going to the dealerships to shop. Dealerships, like Sheridan Nissan Dealership in New Castle, Delaware, run specials to get people on the lot.
Even without the cold, people are usually spending their money on holiday gifts right now. So, that means a new car isn’t on the top of their list. A good deal could get people thinking about gifting themselves a new vehicle this time of year.
Another reason for the great deals this time of year is because the dealerships want to make room for the next year’s inventory. Right now, there are lots full of 2017 cars. These are considered the outgoing model and dealerships would rather sell you the 2018 model. They have to clear out the inventory and that means that they are willing to make better deals with you to make room.
Most businesses make end of the year goals. So if a dealership is getting close to making their sales goal, they want to sell as many as possible. That means giving stronger incentives to you in order to sell the cars.
So should you buy a car this time of year? The answer is yes. If you have the money and it is not all tied up into Christmas presents, now is a great time of year to purchase a car.