Hint: Christmas Eve is the best day in 2019 to buy a car.
Believe it or not, people really do buy cars as holiday presents. Want proof? Look no further than Lux Auto Plus in Auburn MA outlet that offers 30-inch bows to present cars as gifts.
Savvy buyers though know that late December and early January are good times to buy because dealers are eager to unload their 2019 inventory. 2019 inventory might be offered at a steeper discount because it’s perceived as being a year older. If you’re aiming to take advantage of this December-January changeover, here are a few tips:
1. Buy on Christmas Eve
Research has shown that the best day to buy is Christmas Eve, with an average of 8.12% off MSRP or $2,816 in savings. If you can’t make it to the dealership on that day, research shows that Christmas Day and New Year’s Eve are also some of the best days to buy.
2. Be prepared to act quickly
Flushing out “old” inventory is a once-a-year event. If you wait on a deal for that 2019 inventory, there’s a good chance that someone else will grab it. So, go to your dealership with checkbook in hand if you’re serious.
3. Research before you go to a dealership
Since you’ll be eager to make a deal quickly, go in armed with all the information you need to make the right decision. TrueCar’s Owner Verified ratings, for instance, offer real reviews on new (and used) models that give you an idea of what others think of the car you are considering. TrueCar also lets you see what others have paid for the models you are looking at.
4. Take advantage of your memberships
If you are a member of any auto-buying or retail clubs, check for member-exclusive benefits or holiday promotions.
5. Ask around
It never hurts to get another opinion. Even if you think you know what you want, it’s a good idea to canvas your friends about their cars and check out carmakers’ Instagram, Twitter or Facebook pages to see if they are advertising promotions.
Don’t feel pressured into buying anything just because there’s a short window of opportunity for holiday deals. A car is a long-term purchase — so don’t feel the need to rush into it. And if someone gives you a car for the holidays, remember to say thank you before posting it all over your social media.