You might be thinking about buying yourself a car for Christmas. Maybe something’s changed for you – a new addition to your family or a new job – and you’ve been in the market for a few months. As it turns out, December is the BEST month to buy a car or truck so you’d be making a smart move.
Why December? There are couple of pretty good reasons.
If you’ve been thinking about it and waiting for the right opportunity, here are the top 4 reasons to buy yourself (or your family) a car for Christmas.
1. Christmastime means deep price discounts.
One reason why used car prices dip at Christmastime is because fewer people are shopping for a car or truck during the holiday season.
Another is because used cars technically become one year older on January 1st, which affects buyer’s perceptions of the vehicle’s worth.
Technically, the best time to buy a used car is between Thanksgiving and the first week of January. The closer to the end of the year, the better your deal will be.
Used car prices tend to go through a predictable cycle in which they peak during the summer months followed by a downward slope hitting rock bottom around January 10th.
Prices tend to shoot back up quickly through February.
2. Dealers need to meet annual sales goals.
Cars aren’t on people’s minds around Christmas so dealers are eager to make a deal. But, make sure you do your homework, just as you would before buying a car at any other time during the year.
Dealers are looking to meet their annual sales goals, so many prices are slashed on even the most popular models.
Dealers also want to make room for incoming vehicles in the New Year. There’s only so much room on dealers’ lots and many don’t like to start the New Year off with overstuffed inventory.
3. Temperatures plunge – snowy days draw fewer buyers.
Cold, dreary, gray patterns of weather tend to keep consumers indoors.
People are busy with Christmas and New Year plans and when the temperatures plunge, that can equate to even fewer buyers on dealers’ lots.
When fewer people are shopping for cars, the odds are in your favor of getting the best deal. Throw on a parka and brave the temps because timing your purchase right can potentially save you hundreds of dollars.
4. You’ve been good all year long and you deserve it!
“Santa, I’ve been good all year. Okay, most of the time. Once in awhile. Never mind, I’ll buy my own stuff.”
The halls are decked, the eggnog is spiked, and we’ve never made so many meals out of bite-sized hors d’oeuvres. We don our glitziest party wear and everything has a little more glitter on it than usual.
We also run around like crazy, trying to make an appearance at every party, shop for gifts, and somehow put pressure on ourselves to make changes for the year ahead. But when was the last time you stopped to take a break just for, well, you?
The holidays are about giving…so don’t forget yourself.
Let DYE Autos help you decide on your next car. We’re here during the holidays to help, even if it’s only to offer a hot cup of coffee or a nice warm place to be for a few minutes. Come on by…and Happy Holidays!