After doing hours of research, you finally get a thought of what’s your ideal dream car. After deciding on your ideal car, do not forget to believe the right time to shop for. There is a buying season for each product. So, you should note those factors before buying a new car. We have done our research to assist you out, and we have found the best and simplest time to shop for your ideal car. This article will help you know the best time to buy a new car in India.
Be Financially Prepared
Buying a car is like adding a member to your family. It should not be a burden to you while purchasing it. So, prepare financially first and then plan to buy a car because sometimes taking an automobile loan and paying monthly interest could burden you. So, when you plan to buy a car in a particular month, be ready with all the necessary documents and enough liquid cash.
When To Buy A New Car?
The cost of the car fluctuates in different trimesters of a year. Those who are willing to wait can secure the simplest deal. But how long will you wait?
Generally, every product’s value within the market goes down when a replacement product comes into the image. So, keep updated and wait for your turn to bargain with the salespersons.
We found that it is better to buy early within the week than on tons of research on weekends. Customers better than you in bargaining might come on an equal day, and so chances of your deals are less. Also, Shopping on Saturday or Sunday results in no discount because of huge traffic. Thus, attend shopping on MONDAY, TUESDAY, AND WEDNESDAY. So, better to buy early within the week.
If your car is from this year’s model, then there are more chances that the dealer will take your side. So on to open up space for brand spanking new models on NEW YEAR’S EVE. Because every dealership will have some targets divided into monthly, quarterly, and yearly by manufacturers, and these all come together at the year-end. So it is true that dealerships offer discounts at the end of the year, please say their respective targets.
More importantly, India, as a country, celebrates the festival in every small way possible. So, the first thought that involves dealers is “Festive Discounts” so on to attract customers. During Navaratri, Diwali, and a few regional festivals, dealers are available with huge offers and some freebies. This is the time where cars are in huge demand. So, if you would like to shop for a new car alongside some freebies, then you can search for their brochures for festive discounts. Sometimes, due to huge demand, there are chances to boost a car’s price as many customers think in the same way.
If you cannot wait for festive discounts, then choose shopping late in the last week of the month(generally from 26th to 30th or 31st day of the month) because every salesperson has their targets finished at the end of the month. So, if you keep in touch with salespersons and get to understand their sales, then you are at the proper platform for your dream car. If his sales are about to reach his target, you can negotiate for a price low, and he has no other choice to accept as true. Sometimes you will also find yourself with no discount if his sales are too good.
So please do some research about your dream car, its demand within the market, the dealership discounts, and far more. Always start bargaining from the bottom-most price. The reason is, the salesperson begins to negotiate based on MSRP or your monthly payment. Don’t ever fall to his plays; you are the one who should act smart!
If you would like to shop for a new model released at the starting of the year, you ought to wait till month-end or when prices are low. In some companies, the model is announced earlier to attract more consumers; during this era, they supply a discount on a fresh car kind of a “full refund booking money.” So, attempt to do homework on this point if you wish to shop for it.
Above mentioned points are for brand spanking new buyers. But what if you’ve got a trade-in option? What’s the simplest time to shop for a car in a trade-in option?
If you would like to sell your old car to own a far better replacement, then go on to the dealerships and ask them about this. They do some policy verification for your old car. The point to be noted is, do not be in a very rush and do not hand it your car keys right before you enter into the lobby because once you do that, dealers will have time to return to a price while you’re busy checking out your new car. So, before you jump into dealerships, please do some research, then talk with the manager about your trade-in option and let him know how you come up with this price. Do not be aggressive and begin negotiating with all the experience you’ve got.
If a manufacturer is selling a car from many dealerships, then visit two or more dealerships and use the knowledge gained and deals offered to push for better benefits at later showroom you visit. Don’t be afraid to haggle at each place, and also, return to dealerships you’ve got visited to push for a far better deal.
Frequently Asked Questions:
1. Is It a good time to buy a car right now?
Yes, because of the outbreak of Covid-19 all over the world, many companies are a huge loss. So, if you want to buy a new car, it is a feasible time to buy it. Low-interest and attractive offers are waiting for your deals.
2. What is the slowest month for car sales?
Well, January and starting season in the year is the slowest time for great deals. The reason behind this is companies sell their old previous years cars and start their dealerships with new cars. And you already know new cars will have a huge demand and more price. Many customers don’t show their interest to buy at the start of the year.
3. How to effectively negotiate a New Car Price?
Start from the bottom-most price and work up, and not down from the MSRP. The salesperson will begin to negotiate based on the vehicle’s MSRP or your monthly payment.
Don’t fall for his/her tricks! You know exactly what features you want and research on the price for that configuration and know exactly what dealership has paid for it. Explain to him/her how you calculated it and wait for your counteroffers. Don’t be aggressive and deal very carefully and wait several minutes at each step. If it doesn’t go well, then visit other dealerships.
4. What should you never tell a car salesman?
Things like “I don’t know about the car,” “I love this car,” “I need to buy a car today,” “I don’t want to get taken to the cleaners,” ” My trade-in is outside” never say to a salesman. These may have a bad impact on your bargaining.
5. When is the best time to buy a used car?
I would suggest you use online search engines to source what you want. And go for about two or three years old, low mileage with factory warranty on it. Generally, we never know the exact reason why that person is going to sell his car so, check for any poor maintenance. You can save a lot of money through this idea, and in September or October, there are few chances on your side.
If the online search engine doesn’t go well, go to dealerships because they have the staff to fully test the car. And ensure that it has some form of assurances and warranties. Good luck with it!
6. Is it good to buy a car in December?
Yes, of-course December is the best time to buy a car. Because every company will have some targets that are divided into monthly, quarterly, and yearly. These all will come together at the end of the year, so to meet their target dealerships give some discounts on the car.
Another reason is that dealerships attempt to sell this year’s models in this year itself. So to meet their needs, dealerships offer a huge discount on your buying.
The two most powerful warriors are Time and Patience. Wait a bit longer until your dream car is at a discount. The best thought which will give you immense happiness is you paid less for your new car. Given all this, absolutely the perfect time to buy for a new car is early within the week, late within the month, late within the year. Now go forth and reap the deals!!