December Car Buying Strategies
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We often hear that December is the best time of the year to buy a car, but is that true? It looks like between today and then end of the year the perfect storm is here for the car buyer. Where every element will make prices the lowest they have been all year. High inventory levels and lots of new incoming 2016 model year vehicles means dealers are ready to give you a mighty good deal at the end of 2014.
So how do you get the best deal on a new car, truck, or SUV? it’s often better to shop late at night closer to the end of the day. Car dealers are often likely to give you a better deal when it gets close to closing time. Of course December is they very last month of the year for Automakers to bring you buying opportunities. They’re looking to have great sales for the year and would be willing to do a lot to make you a new customer. This sets December up for a record price cutting about half a percent better than any other month of the year.
Consider all brands that are having sales this holiday season. Years ago Lexus started their December to remember sales event. Now everybody’s is jumping on the bandwagon and slashing prices of new vehicles. So be informed and learn about vehicles that would fit your needs and budget. Look at brands you may not usually consider. You might get one incredible year-end deal. If you are buying for your business don’t forget to think about tax benefits. Your tax consultant will be able to fill you in. But if you buy before December 31st remember that it counts as part of this year’s tax purchase.You should also consider leasing versus buying for your next vehicle. Leasing a vehicle can mean tax breaks every year you pay versus buying a vehicle which is often counted as one lump sum. Several manufacturers are offering 0% for up to 60 months, and Buick is offering that 0% finance with $3,000 allowance on the 2014 Buick LaCrosse. There is a rule of thumb when buying a new vehicle. this year you should be out to get 0% financing to .09% financing and between three and $5,000 off the MSRP
December Car Buying Strategies
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