Buying a used car is a smart financial decision, but timing is critical in getting the optimal price. Understanding when used cars are cheapest will help you buy at optimal prices. If you are wondering When to buy a used car for the best deal, some months of the year are cheaper and offer better deals than others. Let’s find out the best seasons and strategies to maximize your savings on a used car.

Best Times of the Year to Purchase a Used Car

1. Year-End Auto Sales

Another good time to buy a used vehicle is at end-of-year car sales. Car dealerships must sell a certain number of cars in order to fill their annual quotas and make room for new stock. The final two months of the year, particularly in the weeks before Black Friday and following Christmas, are good times to get big discounts. Financing deals and special offers are also available from most of the dealers to clear their stock at the start of the year.

2. End of the Month and Quarter

Car dealerships have monthly, quarterly, and annual sales targets. Salesmen are usually pushed to close deals towards the end of these time frames to achieve their quotas. Buying at the end of a month or financial quarter (March, June, September, and December) improves your chances of receiving a discounted price or better financing terms.

3. Early in the Week

Weekends are usually the busiest days for car dealerships, so it becomes more difficult to negotiate. Instead, go to the dealership on a Monday or Tuesday when salespeople have time to help you. They will be more open to negotiating, resulting in good deals.

4. Off-Peak Seasons

Spring and summer are prime car-buying seasons, usually resulting in higher prices because of greater demand. Late fall and winter are off-season, with fewer customers and a greater likelihood of discounts.

5. When New Models Arrive

When manufacturers release new models, dealerships often lower the prices of older inventory. This typically happens between August and October. If you’re looking for a slightly newer used car at a lower price, this is a great time to shop.

How to Negotiate a Used Car Price

Negotiation is the secret to saving money on a used vehicle. Below are some reliable tips that will guide you in securing the best bargain:

1. Compare Market Prices

Prior to going to a dealer, look up the average cost of the model of the car you desire. Websites can assist you in comparing prices and establishing fair market values.

2. Obtain a Vehicle History Report

A vehicle history report will tell you about previous accidents, service history, and ownership. If a vehicle has a minor problem, you might be able to negotiate a lower price.

3. Look for Promotions and Incentives

Most dealerships of used cars in Calgary have special promotions, particularly at the end of the year when they need to sell cars. Look for discounts, low-interest financing, or extended warranties to save more.

4. Be Willing to Walk Away

If the offer is not good enough, walk away. It may get the salesperson thinking and improve their offer.

5. Look for Pre-Owned Certified Cars

Pre-owned certified cars usually include warranties that are extended and additional testing. A little more money upfront, but it pays long-term with the cost savings of repairs.

Used Car Pricing Trends

Knowing about used car pricing patterns can assist you in predicting when prices will fall. Some key determinants of used car prices are as follows:

  • Seasonal Variations – Prices tend to be low during winter and high during summer because there is more demand.
  • Gasoline Price – The price of gasoline can affect demand for particular vehicle models. When gasoline prices go up, cars with good fuel economy become pricier.
  • Economic Conditions – Economic recession leads to decreased car prices due to reduced demand.
  • New Model Releases – Manufacturers releasing new models cause the previous models to lose value.

Where to Find the Best Deals in Calgary

For those looking for a trustworthy Used Car Dealership in Calgary, Double L Motors provides a vast inventory of top-notch pre-owned vehicles. Whether you’re purchasing during end-of-year car sales or seeking used car pricing trends that favor you, Double L Motors gives you the best deals and first-rate customer service. Come visit them today and drive away with the best deal on your next used car!