I’ve had the privilege to test drive a few cars for my time posting about them on my website. I’m glad you guys read the reviews. However, many people will ask about when the best time is to buy a car and everyone has some rhyme or reason associated with the best time. Some will say that the best time to buy a car is Christmas eve, the end of a workday or at the end of a model year end. I would definitely say that determining the best time to buy a car is dependent upon you and your situation.
Take for instance the new 2013 VW Jetta. This is definitely an impressive car and for 2013 they are coming out with a hybrid model. New for this model will be daytime running lights and reverse camera.
The 2013 VW Jetta, Get a Quote, or Schedule a Test Drive. Learn More Today
So When is the best time?
The best way to understand when’s the best time to buy a car is to look at your finances and financial outlook. If your car is breaking down and/or your credit is falling apart, desperate times are the worst times for buying a new vehicle. I would say save for 50% or more of the vehicle purchase price, do you research and consider alternatives prior to the “dreamy eye” model you want, budget so you can meet your goals, estimate the cost of maintenance on your current car to determine if you can get more years out of your vehicle. The best time to buy a vehicle is when:
1) You are knowledgeable about the marketplace, the car you want and what different dealers are offering
2) You check online via dealership websites and even eBay Motors to determine if you can get a vehicle at a better price outside of your community
3) Determine what you can qualify in financing if you really have to get a loan. I’d say save up to purchase your car cash or to get a good down payment and secure your own financing. If dealer financing rates are low of zero percent (which they have been for years) then consider the dealer financing. I say improve your credit before you buy a car with a loan or buy a used car with cash.
4) You negotiate with your dealer – Don’t ever reveal a dollar amount of what you can afford because the dealer will always go $2K to $3K higher. You have more leverage the more cash you are willing to put down.
5) You check the fine print – There are a lot of things you don’t need that dealers like to add on to the vehicle contract. I would say a basic warranty is important however things like Gap Insurance protection, payment plan agreement fees, auto body warranties are a waste of money. When I was buying a car I took my contract over to an attorney and he told me these things were useless. Always remember the value of a car decreases the minute you take it off the lot so extras are unnecessary. Also beware of too many third party companies listed on your contract. Many times these are optional extra costs for services you don’t need.
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