Sometimes you don’t have the luxury of time when it comes to buying a new car. Maybe you need one urgently to replace your old one, or perhaps your circumstances have suddenly changed.
If you’re not in a hurry to buy a car, though, the good news is that you could save money if you time your purchase strategically. There are several times during the year when a car buyer could potentially save money.
So, when is the best time to buy a used car? Read on to find out.
New registration plates come out twice a year: March and September. This means in the lead up to and during these months, an influx of buyers are out to buy a car with the latest registration plate.
These people most likely have a car to sell, and so not only is demand high for new cars, but there’s a high amount of used car stock hanging around in dealerships, which the dealers will be keen to get rid of quickly.
Buying during these months could work out well for you if the dealer is overrun with used cars and so more amenable to negotiating on price to clear their stock.
As mentioned, March and September are some of the best months to buy a used car in general, but other months of the year could also spell good deals.
Some dealerships take part in Black Friday sales, for example, in November. Also, many dealers are generally keen to get rid of stock in the cold, winter months when families tend to cut back for Christmas and fewer people are keen on making the trip out to a dealership.
Conversely, in peak summer months, especially during a heatwave, dealers are well awarethat fewer people are likely to be car hunting and more so to be basking in the rays at the nearest beach. So if you don’t mind sacrificing a day of sunbathing, you might be able to negotiate a great deal at a dealership.
The type of vehicle will also influence when to buy a used car. If you buy a convertible in the summer, for example, demand will be high, pushing prices up. Planning ahead in winter means you might get a better deal and could be feeling the wind in your hair with some extra change in your pocket by summer.
On the other hand, splashing out on a four by four would be wiser in the summer months, as fewer people will be interested in purchasing that kind of car when it’s warmer.
CarsVansandBikes.com is a digital advertising website that enables people to easily find a "new to them" used or new car, van or motorbike based on what is important to them. We live the mantra As easy as CVB.
It does not accept advertising or sponsored listings, so all vehicles listed are offered in a completely unbiased method - unlike other similar platforms. CarsVansandBikes.com makes its money through fees paid by motor dealers advertising their vehicle stock all advertising stock in a fair and transparent manner.
When they launched in 2021, it was the first automotive advertising platform that had no extras, everything that is offered to assist vehicle sellers connect with potential customers is included together with providing full vehicle details rather than just listing prices, with the aim of helping people to make better-informed. Their ambition is remove £1billion from dealer and private customer advertising spending – ultimately helping reduce the costs of cars, vans and bikes for the buyer instead of exaggerating the profits of media giants. They are resolute in their view that currently anyone advertising vehicles has been ripped off by all the media giants.
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