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21 Oct 08 Best Time to Buy New Cars with Most Discount? (2)
You might want to ask that how does a car shopper know if there is volume bonus on certain car since mostly no website would advertise those hidden incentive. Some car dealers might disclose it to car shoppers during the negotiation when they are walk in store, sometimes it could be guessed by the quote or email sent from car dealers. The best way to know it is share and discuss with other car shoppers here because car dealers mostly would give you part of the information as they claim they are never lying. Once there are many car shoppers share the information here, the full picture might be able to be assembled and we would also try to get information for our members.
Volume bonus usually get calculated at end of a month, or more precisely, the first Monday after the end of the month. For certain date it might get extended but that’s the generally correct. Therefore, the best time to shop for a car is at end of the month. How to get a car in 30 days gives you a good example on what you need to do at certain points. Closing deals at start of the month is what car shoppers might want to avoid as even though there is room, it is hard to negotiate the price.
Another part of the discount for auto purchase is the incentive being given out directly from auto makers that is based on the car being sold, not the quantity. The form of this incentive could be to dealer, and/or to customer. Car manufacturer normally give out the max incentive when it is the end of the model year and end of the model generation. It usually happens in summer as new cars are coming out at between September and November. However, since the longer you wait, the cheaper the car price is, you could wait until even the next model year comes out. Make sure you are monitoring the car inventory as the later you purchase the car, the less choices you might have. For example, my friend got an 06 Mazda in Feburary 2007, and there are still plenty choices. However, another friend of mine bought a Honda in July 2006, while there were only 1 left after his purchase. Therefore, in order to receive the best discount from auto makers, you should wait as long as possible. In other words, you are competing with leftovers that the more inventories there are, the better discount you expect to get from manufacturer.
Discounts for car price are from both car dealers and auto makers. There is no certain date or time frame that you could get the best deal. Dealer discount and incentive from manufacturer could increase and decrease at the same time, but they are not required to be the same. In order to get the best discount for the car, you need to spend time to track inventories, dealer discounts and incentives/rebates in order to get the best car prices. The best time to get the best car deal is at the point that the max discount were given for both car dealers and car manufacturers. We are here to help to get a good deal, and we would like you to join us as well.
Tags: best car deal, best time to buy car, Car Buying Tips
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