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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 by lowhound
Effie
Member since Aug 2014
7603 posts
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 by BabyTac
Austin, TX
Member since Jun 2008
12357 posts
Posted on 12/29/23 at 7:56 am to
I’ve always heard it’s best to buy at the end of a month as they’re trying to meet numbers goals.
Posted by LSUSports247
Member since Apr 2007
676 posts
Posted on 12/29/23 at 8:00 am to
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 by Rouge
Floston Paradise
Member since Oct 2004
136867 posts
Posted on 12/29/23 at 8:01 am to
Now if buying for tax reasons.

Further into model year is better if just casually shopping.
Posted by Nutriaitch
Montegut
Member since Apr 2008
7859 posts
Posted on 12/29/23 at 8:01 am to
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.
Posted by RealDawg
Dawgville
Member since Nov 2012
9521 posts
Posted on 12/29/23 at 8:03 am to
The good sales guys are on vaca. The hungry or bad sales guys are working.

Determine if they are hungry or incompetent.

Posted by dakarx
Member since Sep 2018
6914 posts
Posted on 12/29/23 at 8:06 am to
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 by MikeAV8s
Member since Oct 2016
1776 posts
Posted on 12/29/23 at 8:13 am to
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 by Enadious
formerly B5Lurker City of Central
Member since Aug 2004
17706 posts
Posted on 12/29/23 at 8:18 am to
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 by LNCHBOX
70448
Member since Jun 2009
84393 posts
Posted on 12/29/23 at 8:20 am to
Before. End of month, end of quarter, end of year.
Posted by CouldaShot79
Louisiana
Member since Oct 2021
546 posts
Posted on 12/29/23 at 8:43 am to
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 by Broham
Crowley
Member since Feb 2005
18448 posts
Posted on 12/29/23 at 8:59 am to
End of the month.
Posted by BK Lounge
Member since Nov 2021
3649 posts
Posted on 12/29/23 at 9:05 am to
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 by Don Quixote
Member since May 2023
1706 posts
Posted on 12/29/23 at 9:10 am to
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
LINK
This post was edited on 12/29/23 at 9:19 am
Posted by SwampGar
Texas
Member since Jan 2020
908 posts
Posted on 12/29/23 at 9:14 am to
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 by weadjust
Member since Aug 2012
15173 posts
Posted on 12/29/23 at 9:14 am to
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 by VetteGuy
Member since Feb 2008
28470 posts
Posted on 12/29/23 at 9:16 am to
quote:

Before. End of month, end of quarter, end of year.


This.



Posted by VetteGuy
Member since Feb 2008
28470 posts
Posted on 12/29/23 at 9:21 am to
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.
Posted by BK Lounge
Member since Nov 2021
3649 posts
Posted on 12/29/23 at 9:24 am to
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 by yellowfin
Coastal Bar
Member since May 2006
97756 posts
Posted on 12/29/23 at 9:31 am to
I’m waiting to see how the market turns out but I don’t need a vehicle…..just want one
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