Money Talks: Best Time To Buy A Car

When it comes to techniques to negotiate the best possible price on a new car, theories abound.

"In November they wouldn't give me the price I wanted, at the end of December I usually get the car I wanted with more options for the same money."

There's an old adage that says the best time to buy a car is end of week, end of month, end of year. Is it true? There is some logic behind it.

At the end of the month, many dealers are trying to meet sales quotas so they can earn bonuses. So there's something to be said for driving a hard bargain by buying at the end of the month.

Another good time to buy? Holidays, like New Year's Eve, when most people aren't thinking of car-buying. Not only do they have other things going on, their budgets are maxed out.

So combining the end of the month with a holiday should be the best possible scenario for buying a car. And sure enough, there are people who think that the very last day of the year, New Year's Eve, is the time to buy.

There are numbers to back it up. According to research website, Dec. 31 will be one of the best days to buy a car this year, with an average 8.2% discount off the manufacturer's suggested retail price.

Of course this is one of tons of variables that go into car prices and you know it's going to depend on your ability to negotiate and the specific car you're negotiating on. But, this is something you can keep in mind. Want more ideas and specific tips on how to buy a car? I can certainly help you out right here at Money Talks