If you've been waiting to buy a new car, now is the time to act. Summer is one of the best seasons to purchase a vehicle because it marks the end of the current model year and the beginning of the next. Dealers are eager to clear out their 2022 models to make room for the 2023 ones, often offering substantial discounts, financing deals, and lease offers. These deals are not limited to less popular models; they often include some of the best-selling and recently redesigned vehicles.
Summer is a prime time for car buyers because dealerships are looking to clear out their inventory to make room for new models. According to Edmunds, the end of the model year is when you can find some of the best deals on new cars. Dealers are motivated to sell off their current stock, which means you can often negotiate a better price.
In addition to discounts, summer is also a great time to take advantage of special financing and lease offers. Many manufacturers offer 0% financing or low-interest rates to entice buyers. Leasing can also be a cost-effective option, especially if you prefer driving a new car every few years.
Before heading to the dealership, do your homework online. Websites like Edmunds and Kelley Blue Book offer valuable information on car prices, reviews, and dealer incentives.
Email local dealerships and let them know what you're willing to pay. Try to get them to bid for your business. According to Alec Gutierrez, a senior market analyst at Kelley Blue Book, this strategy can often result in a better deal.
The end of the month, quarter, or year can be an excellent time to buy a car. Dealers often have sales targets to meet and may be more willing to negotiate.
Summer is an excellent time to buy or lease a new car, thanks to the end-of-model-year discounts and attractive financing and lease offers. By doing your research and negotiating wisely, you can drive away with a great deal on a new vehicle.
For more information on current car deals and expert advice, visit Edmunds and Kelley Blue Book.
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