Is it better to buy a new car in December or January?

You should look for a vehicle from the outgoing model year that has generous incentives. According to Edmunds data, December has the year’s highest discount off MSRP — 6.1\% on average — and the highest incentives. Automakers and dealerships want to close the year with strong sales.

How does the resale value of a car get affected if I buy in January as compared to December?

But, if you wait for January and buy the car for Rs 5,00,000, the resale value after five years, which is 30 percent or Rs 1,50,000 less, will be Rs 3,50,000. So in short, you might get a lower price if you buy in December, as an additional year is added to the age of the car though it is just a month that matters.

Do cars lose value in January?

Used car prices tend to go through a predictable cycle in which they peak during the summer months followed by a downward slope hitting rock bottom around January 10th. The difference in prices between August and January can be as much as 5\%. This is according to statistics compiled by Kelly Blue Book and CarGurus.com.

Is January a good year to buy a car?

Although January is a great time to buy a car, there are many other times of the year where you can save on purchasing a vehicle. Generally speaking, many experts recommend getting a new car at the end of a month or quarter. These times are typically when most deals are available.

What’s the slowest month for car sales?

January and February are the slowest months for car sales, since consumer spending usually drops off after the Christmas holidays.

What time of the year is best to buy a car?

What Is the Best Month to Buy a Car? In addition to certain times of the week or holidays, some months are better to buy or lease new vehicles or purchase used cars than other months. In general, May, October, November, and December are the best months to visit the car dealership.

Are cars cheaper in December or January?

December is here and so are the biggest car deals of the year. For car buyers, December has the year’s highest discounts and best incentives, according to the automotive experts at Edmunds.

Is it good to buy a car in December?

That’s why December (more specifically, the last week of the month) is the best time of year to buy a car. According to Cars.com, the final days of December see the highest amount of incentive spending. Sometimes this even extends to the first day or two of January, depending on what day the end of the year falls.

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