Car Buying Tips – When to Buy a New Car

download-5Many people dream of buying a new car, partly because they assume, sometimes wrongly, that it will be completely reliable and they will never have a real problems with it. Whilst a new car generally is very reliable and will have a manufacturer’s warranty for a period of years, some people do have problems with new cars, although thankfully it is quite rare.

Other people will buy a new car simply for the thrill of having the latest model, and because of that certain feel that a new car has, that used cars simply lack.

If someone is intent on buying a new car, then one of the things that they really should take into account is literally when to buy it, i.e. at what time of year. This in some ways goes against the grain of someone wanting to buy a new car and the whole sense of impulse buying that goes with it. If someone is prepared to bide their time, they can often get a new car at a significantly better price than they would do at another time of year.

There are many reasons for this, but perhaps the most obvious one is that all manufacturers and car sales have an annual cycle when new cars are introduced. It is part of the momentum of any manufacturing base, and the car/auto industry is often at the forefront. Releasing a new model with new features and new toys, as part of it, is a crucial part of generating interest and keenness in the model and hopefully generating sales.

It follows closely that when a new model is introduced, the value of what was the model beforehand immediately loses a lot of its appeal.There is a lot to be said for people to use this as an opportunity to buy their new car, i.e. what is now the old model, as soon as the new model is introduced. As soon as the new model comes out, the dealership will have an inventory or stock of the old model that they will be keen or desperate get rid of. Anyone who understands the mechanics or finances of buying a new car will appreciate that a buyer has considerable leverage at this point.

There is also another really good reason for doing this. When any manufacturer introduces a new model there is an obvious sense of excitement, but there can also be teething problems that may take a while to iron out. This is most obviously seen in the software industry, where it is often a really good idea to wait a year or two before buying a new computer or upgrading to a new operating system simply because it takes a bit of time to deal with any problems or bugs there may be.

This applies also very much to the car/auto industry where it can take a certain amount of time for a model to stabilise and become embedded in the manufacturers portfolio of vehicles.

It is also worth being aware that if a dealership has stock that they need to get rid at any given time they will offer significant savings through various inducements, loyalty offers and incentives to buy. These may or may not run in conjunction with a new model being produced, but they will also have certain specific times of year when they need to free up their stock. These times of year are normally opportunities for great savings.

Once an individual has decided what type of car they want to buy it is worth researching what times of year a manufacturer or dealership is likely to offer theses savings and then be willing to wait until such a time in the calendar to purchase the vehicle.

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