Tips and benefits of buying a car at the end of the year

Tips and benefits of buying a car at the end of the year

The new year is approaching, and with it comes new resolutions and goals. If one of the things you want to do in 2013 is get a new car, you may want to start focusing on this task before the year ends. There are a number of benefits to buying a vehicle this time of year. For instance, dealers are starting to get ready to take the 2012 models off the showroom floor to make room for the 2013 models. Not to mention, they are running out of time to hit their yearly quotas, and as a result, you may be able to get the car you want for a much lower price. Here are a few tips to make that happen.

Pay attention to advertisements about clearance sales
Even though you may have trained yourself to tune out the car advertisements while watching TV, this is not the time to do so. Start researching to see which dealerships have the lowest prices for the type of car you would like. This will help you find the places that are offering the best year-end deals.

Settle finances before going to the dealership
It is always a good idea to get your car financing in order before going to the dealership. This can be a stressful time for dealers who are trying to hit their quotas, and you do not want the added pressure of having to work on your car loans while negotiating a good price. If you work out your car loan before, you are better able to get the best price overall because dealers are more willing to negotiate when the buyer has cash in hand and they can avoid all the extra paperwork of arranging financing.

Let the dealer know you are ready – as long as the price is right
Although you do not want to tell a dealer how much money you have to work with, you should tell them you are ready to buy a vehicle so they know you are serious. If you let them know you are planning on making a purchase for the best price, they may be more apt to agree to your terms, rather than sticking to a higher cost you are unable to afford. Also, if you have cash to make a down payment, the dealer will be more willing to work with you. 

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