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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
08 Oct 08 Best Time to Buy New Cars with Most Discount? (1)
It is one of the most common questions being asked since everyone would like to get the best deal on car purchase. This question can be answerd by an easy way, and it can be answred in complicated way, too. Both answers will be given in this article, so you would be able to get both.
Here is the simple answer - The best time to buy a car is at the time both car dealers and car manufacturers would dump the cars, while you are not hurried to get the car. A little bit too simple, right? However, the answer is that simple, and that’s the simple answer.
You might feel a little confused here, and it is why we would give you the whole picture. Economics 101 says economics is based on demand and supply, and since car sales is an economic activity, it is exactly same. When a party wants to sell something, they would sell it for cheaper. On the other hand, if a party wants the item, then you would buy it for higher.
Normally, both car dealers and car manufacturers want to sell cars. However, due to difference of their goal, different approaches might be implemented. Keywords for purchasing new car is what we suggest you to read in case you have questions about terms being used.
Car discount can be from car manufacturers and car dealers. The most common way for car manufacturer to promote their cars is to give out money (cash). The money could be given directly to car dealers or to car shoppers (customer rebate). Customer rebate is pretty straight forward that if a car shopper purchases certain car and take delivery within certain date, then car shopper will get it.
For car dealers, there are many tricks out there. By the reward dealers are entitled, there are two kind of money. One is based on each car being sold, which is normally a flat rate. For example, as for now, for all 2008 Honda Accords, there is a well-known $500 dealer cash on the car. The other one is volume bonus, which is the key to determine if you could get the best car deal most of the time. Volume bonus is given when the car dealer reach the sales goal set by manufacturer (or their distributors for some brands) on certain cars (or could be number for all models). For example, let’s say a dealer could get $300 for each car they sold when they reach 1000 cars by end of October. Assume today is Oct 29, and the dealer have sold 980 cars, and if they sell another 20 cars in 2 days, they would get additional 300*1000=$300,000 on top of everything, which means the rest of the 20 cars potentially worth 0.3M for them. If that’s the case, congradulation! You hit jackpot becuase they would beg you to deal with them even it means they would make as little as possble on that one car sold to you.
Sounds exiciting? Best time to do car purchase (2)
