When it comes to buying car, whether it’s new or used, your timing can mean that you get yourself a better deal and far more bang for your buck.
Christmas Car Buying
While Christmas is a time to buy gifts for others, it can also be an exceptional time for new and used car buying. This is due to the fact that car dealers typically have end-of-year sales and want to move on old stock, so they are open to negotiation. Therefore, car buying can be defined as seasonal. This is due to sales teams wanting to move on cars that have been manufactured or bought within the year by that dealership.
When’s the Best Time to Buy?
The best days to buy are on December the 29th, 30th and 31st. The bonus with buying over these 3-days is that you are combining the end-of-year with the end-of-the-month. This means that car salespeople are eager to meet their sales targets and also eager to negotiate. To get the best deal, make sure you’ve organised your finance or have cash at call so that you are ready to buy on the day. This will give you greater negotiating power.
How Much Discount Can I Expect?
Discounts on new and used vehicles can be large. You should expect anything from 10 to 25 percent of advertised prices. This varies from car dealer-to-dealer and it depends on the type of the vehicle you are seeking to buy. Demo vehicles and stock on the yard will often be drastically reduced in price. However, if you’re seeking to buy a car in your choice of colour, then you may find that discounts do not apply.
What are Australia’s Most Popular Cars?
Australia’s best-selling car brand is Toyota, followed by Holden, Mazda, Hyundai and Ford. In fact, more than 158,000 Toyotas were sold in 2013, compare to 81,000 Holdens. The top Toyota models are the Corolla, Hilux, Camry, Rav4, Prado and Yaris. Top selling Holden’s include the Commodore, Cruze and Colorado.
Are you looking to buy a car this Christmas? Then contact eChoice and discuss your finance options.
Written by eChoice