Leaves aren’t the only thing falling this season; drivers will be excited to hear that the cost of a vehicle has started a downward plunge as well. According to predictions by GasBuddy, the average price for a gallon of gasoline is set to fall below two-dollars, and that isn’t all the good news! Those in the market for a new car will be excited to learn that September has seen a gigantic drop in vehicle prices, making this the opportune time to hop on the market and look into making that much-anticipated purchase.
Why Are Prices Falling?
September generally reveals some fantastic deals on vehicles. The reason is simple: new models start making their way to the market, enticing buyers to purchase them instead of the older years. Car dealers are anxious to be rid of the leftover 2016 and 2015 models so that they can usher in 2017's. Sadly for dealers, car sales haven’t been terrific this year, leaving them with more vehicles than they know what to do with. According to Vera Gibbons of Gasbuddy, the demand for new cars actually seemed to taper off with the approach of August, with sales down more than 5% from the same month in 2015.
Low Sales Mean Big Savings
While the poor market has left car salesmen scratching their heads and wondering how to draw in new customers, this is fantastic news for those looking to buy. At this point, customers can expect to find 0% financing if they qualify on a purchase, cash back rebates following the sale, and additional cash. While some of these incentives may have been available in the past, they are being offered at more astonishing frequency than usual. With cars that need to be sold, salesmen are pulling out all the stops and offering all the goodies they have at their disposal.
Should You Wait to Buy?
As the year draws nearer to a close, deals will continue to get sweeter and sweeter. Shoppers who wait until November or December can expect to see even more great goodies added to their vehicle offer. But is it worth the wait? In some ways, buying a car later in the year will have benefits but, on the downside, the available cars will be limited. If you have a specific vehicle you want to purchase, it is best not to wait since they might be sold out.
The Last Three Days of the Month Are Best!
For the best deals available, you should only shop for a vehicle on the last three days of the month. Each month, car salesmen are given a certain number of cars to sell so that they can get a better commission on the sales. By the end of the month, salesmen are so anxious to meet their sales target that they will be willing to cut you an especially good deal.
If you’re looking for a particular vehicle and want the best deal possible, now is the time to hit the car lot! Use the tips listed above to have the best success and save the greatest amount of money.
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