When is the best time to buy a new/used car? Should I buy now or wait till the end of the year?

you are getting a lot of answers that have very little merit, the best time to buy a car is at the end of a month, in the summer when the banks are giving the lowest rates and highest rebates. last couple of days in the month when the dealer is trying to meet there objective. the end of the year is also true but the dealers don't have the same luxury at the end of the year as they do during the "dog days of summer". dealers are on a month to month basis not a year end basis despite what anybody says.

Pretty much anytime between now and the end of the year is a good time to buy a new vehicle because manufacturers are trying to clear out 2007 inventory to make way for the 2008 models, and are offering lots of incentives (rebates, low APR loans, direct-to-dealer cash, etc). Keep in mind, though, that you may have a tough time finding the exact options & color you want as the '07 inventory dwindles, but if you're flexible you can save a good chunk of money from these year end clearance deals.

I don't think there's any particular time of year that's best to buy a used car.

Some people suggest waiting until the end of the month to buy a car in hopes the dealership will be desperate for a sale to meet their monthly sales targets and cut you an unsually good deal, but I'm skeptical of that. A worthwhile deal is a worthwhile deal whether it's at the start of the month or the end of the month. It also presupposes the dealership hasn't already hit their monthly target.

Best time is to buy near the end of the year, and near the end of the month. Same logic goes for end of the week. Dealerships have quotas to meet in order to get a big $ bonus. At the end of the year, most people are sinking money into holidays, get togethers, and vacations. Not many people are buying cars.

The dealership still has to meet the quota but the difficulty level for them to meet it rises. That's why it's best to go at the end of the month and also at the end of the year. You'll also notice that ads for cars and speacial deals go up around this time. They NEED to make a sale.

By going near the end of the month, you'll be able to gauge how desparate the dealership is to meeting their goals by how they pounce on you. When negotiating, don't settle for them going down in price once. Keep re-negotiating. Then when they stop going down in price, say you'll think about it and leave. If they are desparate they will want to make the deal today. But don't be suckered. Come back the next day if you think the deal is really that great. Buy the car.

Don't forget to check with local dealers for the same car and see if they can make the same deal or do better. If they are willing to make the same deal, then you know the price can go even lower. Go back to the original dealership saying that so and so will match your offer, can you do better?

If the second dealership refuses to make the same deal as the original place then you know you've got a good deal. Happy car hunting!

Oh and as a side note: if you buy a new car after the next model has already come out, this means you are buying a used car. Even if the car was never used it's already a year old. It has depreciated just sitting on the lot for a year. Take this into consideration when trying to get the price down.

When an outgoing model is being replaced by an updated newer model in the fall and IF they have a lot of the old ones left on the lot then they will give good deals to make room for the next year's model. Sometimes near the end of the year in December dealer's may also try to reduce inventory on the lot to reduce their tax burden. Sometimes it's a different time of year depending on local tax codes.

Best time to buy new is when the new model year comes in and the dealer has a large inventory of the previous model year left. They're desperate to sell them, usually at close to cost, just to get them out the door.

Used cars, you can buy most anytime, but look for a dealer with alot of cars, and you can usually get a better deal.

For a new car try to get an '07 model around September October when the '08 models are coming out

Since new cars have already been covered. For used cars when the latest models come out prices of used cars may re-adjust at showrooms or carfax but for private sellers I look at the if the Kelly Blue Book value for the used car your looking at went down after a newer model came out and then use that information to bargain the price of the used car down to a reasonable price.

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Best time is when they are getting rid of last years models to make room for the new models. Or when they have a good promotional deal like 0% financing or a decent amount cash back.