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Is it better to buy a vehicle from a dealer before New Years or after?
Posted on 12/29/23 at 7:53 am
Posted on 12/29/23 at 7:53 am
I know they offer a bunch of deals to get rid of inventory before the year, but is it a gimmick? Mrs. Lowhound is car shopping, and just trying to figure out timing. I figure a 2023 model in January 2024 has a lot better value.
Posted on 12/29/23 at 7:56 am to lowhound
I’ve always heard it’s best to buy at the end of a month as they’re trying to meet numbers goals.
Posted on 12/29/23 at 8:00 am to lowhound
The later the 2023’s sit on the lot, the better the deals will get. If you wait to long, you might have limited options to choose from for 2023 models though.
Posted on 12/29/23 at 8:01 am to lowhound
Now if buying for tax reasons.
Further into model year is better if just casually shopping.
Further into model year is better if just casually shopping.
Posted on 12/29/23 at 8:01 am to lowhound
depends on your intentions.
a LOT better upfront value if you buy the previous year model early in the calendar year.
but if you plan on only keeping it a couple years then trading it, keep in mind, it will have a full year's depreciation on its trade value before you ever put any mileage on it.
So in 3 years, you actually have a 4 year old vehicle.
a LOT better upfront value if you buy the previous year model early in the calendar year.
but if you plan on only keeping it a couple years then trading it, keep in mind, it will have a full year's depreciation on its trade value before you ever put any mileage on it.
So in 3 years, you actually have a 4 year old vehicle.
Posted on 12/29/23 at 8:03 am to lowhound
The good sales guys are on vaca. The hungry or bad sales guys are working.
Determine if they are hungry or incompetent.
Determine if they are hungry or incompetent.
Posted on 12/29/23 at 8:06 am to Nutriaitch
If you are able to hold off buying a vehicle for a while you will be better off for it. Dealers are so far upside down on their floor-plans they are not willing to deal at all and still holding to their ridiculous markups. Give them another 6 months and that will change as they start looking at more and more floorplan repos being pulled from their lots.
Posted on 12/29/23 at 8:13 am to dakarx
quote:
If you are able to hold off buying a vehicle for a while you will be better off for it. Dealers are so far upside down on their floor-plans they are not willing to deal at all and still holding to their ridiculous markups. Give them another 6 months and that will change as they start looking at more and more floorplan repos being pulled from their lots.
WTF???? This is all wrong. OP, it’s always best to buy at the end of the month. It’s hard to know what programs may be going on, sometimes programs will run a quarter. If you can catch the end of one of those, you can get the best deal. In general, wind of the month is best. And most of the responses in this thread are nonsense.
Posted on 12/29/23 at 8:18 am to lowhound
I got my best deal on a 2014 vehicle in early January but we agreed beforehand that the paperwork was dated late December of 2013. End of month, end of year, did work to my advantage. That was perhaps a different time than today.
Posted on 12/29/23 at 8:20 am to lowhound
Before. End of month, end of quarter, end of year.
Posted on 12/29/23 at 8:43 am to lowhound
Not a gimmick at EOY. Manufacturers run customer cash incentives etc that dealers can pass on to the customer. Typically the programs end at the new year. In other words, it’s possible a dealer can give you a better deal today than they can on the same vehicle next week. It’s not them deciding to screw you all of the sudden because it’s a new year, they simply aren’t getting the same incentive offering from the manufacturer anymore. Of course this is all based on the incentive program rules and doesn’t necessarily apply to all vehicle types.
Posted on 12/29/23 at 9:05 am to lowhound
Most years, right now would be the best time.. but this particular year, the consensus is that prices on vehicles will come WAY down in 2024… then again , folks have been saying that for three years now.
Posted on 12/29/23 at 9:14 am to lowhound
It is not rocket science. You can squeeze the dealer for trade appraisal value right now, and likely get some off of addendum or MSRP, or both. The dealerships wants to pad the numbers as much as they can. In Texas, they are only allowed to be open 6 days a week. It is a $10,000 fine to open a 7th. Many are paying that fine to be open on Sunday. What does that tell you? They want to pad the numbers. Use these last 3 days and save thousands, even on Toyotas and Hondas.
Posted on 12/29/23 at 9:14 am to lowhound
The best deals are on the last day of the year when it falls on a Tuesday and you buy before 1:48 PM
Posted on 12/29/23 at 9:16 am to LNCHBOX
quote:
Before. End of month, end of quarter, end of year.
This.
Posted on 12/29/23 at 9:21 am to Don Quixote
It's not collapsing, but values on used ICE vehicles have fallen 5%, EVs have declined 35%, last quarter.
I would think drops will continue, primarily b/c loan rates on used cars are higher, and manufacturers' supply of new cars is higher now.
JMO.
I would think drops will continue, primarily b/c loan rates on used cars are higher, and manufacturers' supply of new cars is higher now.
JMO.
Posted on 12/29/23 at 9:24 am to Don Quixote
quote:
this guy is saying the used car market is starting to collapse (using Carmax data and some interesting "time on market" metrics) and it's going to get worse over the next 60-90 days
Saw that vid a couple days ago.. good news for me personally since i had planned to pull the trigger on a new (new to me) vehicle in late January, approx one month from now.. but i think i will wait to February to see if prices come down more.. problem is , i dont want to wait too long, lest my current vehicle has any more problems and costs me any money while im waiting .. it’s a balancing act .
Posted on 12/29/23 at 9:31 am to lowhound
I’m waiting to see how the market turns out but I don’t need a vehicle…..just want one
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