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End of the Month – Most dealers have a 'quota' of units of cars and trucks that they need to sell. Be ready to negotiate your best offer then. The dealership will more readily take your best offer to move their inventory off their lots.
End of the Model Year – This is one of the best times to save a great amount of money on a brand new car! If you plan on keeping the car for more than several years, this is the best time for you to buy a car. Dealers are clearing their lots in preparation for the next year’s inventory, selling the current models at marginal gains.
Long weekends and Holidays – Many dealers throw out incentives on long weekends such as Memorial Day. You may look for 0% down or very low APR rates.
This year has marked the highest level of Car and Truck repossessions in at least a decade. With so many repossessed vehicles, repossessed auction lots are overflowing.
Repossessed cars are a great alternative to getting the car or truck you want at the right price. You could possibly get the car or truck you want for a fraction of what it would cost you from a dealer.
There are several downsides to repossessed cars such as not knowing who the previous owner is. The condition is unknown until you take a look at it, and there is no factory warranty. So the best advice is to research, research, research! Make the web your friend.
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