What’s the Cheapest Day to Buy a Car?

Save

eHow Money Blog

For some, the idea of buying a car is right up there with getting audited and your ex: High-stress, financially ruinous, and ultimately baffling. We’re here to help.

blog post photo

This guy wants to sell you a car on a Thursday. DO NOT LET HIM.

For some, the idea of buying a car is right up there with getting audited and your ex: High-stress, financially ruinous, and ultimately baffling.

We’re here to help. Not with your ex. Or the IRS. With the car thing. Yup.

Most people buy a car on the weekend, but is there a super awesome day when you’re more likely to get a deal? Apparently, yes. But here’s the rub-experts can’t seem to agree exactly when Super Awesome Day is.

Phil Reed of Edmunds.com says Mondays are the best day to get a deal. Why? Car lots tend be light on traffic and heavy on salesmen depressed that the weekend is so far away. They’ll cut you a deal just to get through the day without shooting themselves.

Truecar.com says Saturdays make for the best deals-salesmen are not only busy but also keenly aware that shoppers are motivated to buy, and they don’t want to lose a sale to a competitor.

Other days deemed especially buyer-friendly are:

  • The last days of the month, because manufacturers offer dealers incentives to sell.
  • The last days of the calendar year, because dealers are trying to hit yearly quotas.
  • The last days of the model year, because dealers are trying to get rid of the less sexy older-model cars to make room for the shiny (and spendy) new-model cars.

All told, that makes 248 Super Sad No Awesome Crapola Days, and at least 117 Super Awesome days to buy a car, plus the end-of-model days.

Now, go forth and juice the economy.

How Do We Know All This? Cuz we’re brilliant. Also:
Timing is everything. Or it’s not.
Can you wait 12 months for that new car?
Heads up. While you are trying to score a deal, car salesmen are trying to get inside your head.
I’ve actually seen this happen. And not just on Funny or Die.

-Erin Barajas, Serious Coin contributor

Photo credit: Bryan Bedder/Getty Images

Read Previous: A $1,300 Cocktail?
Promoted By Zergnet

Comments

Archives

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!