Here’s Why Buying a Car in December is a Smart Move

When’s the best time of year to buy a car? Let’s see what all the experts say.

Edmunds: “Data shows that December is the best time of the year to buy.”

Autotrader: “The best time to buy a car is in late December when yearly, quarterly, and monthly sales goals converge.”

Cars.com: “Shoppers looking for the best deal on a new vehicle are typically advised to wait until the end of the year.”

Carfax: “The time of year you shop for a car is important, and analysts agree that consumers who go car shopping in December could obtain the best deals of all.”

Hmmmhow about that? IT’S ALMOST LIKE WE’RE SENSING A THEME HERE. It appears that December is the best time of year to buy a car — as long as you’re looking for the best deal, that is.

And it’s vital to get the best deal you possibly can because cars are getting ridiculously expensive these days.

In fact, the average sticker price of a new automobile just hit an all-time high of nearly $46,000, According to the market research company JD Power. Cars and trucks have never been this expensive before, and all that sticker shock helps explain a couple of other pertinent facts:

  • We’re all driving our cars as long as we possibly can. The average age of vehicles on the road just hit an all-time high of 12.2 years.
  • We’re making car payments for longer than ever. There’s been a spike in the number of car buyers signing up for six- and seven-year loans, instead of the traditional five-year auto loan. As a matter of fact, the six-year car loan has become the most popular option, with the seven-year loan coming in second, according to Edmunds.

What does all of this mean for you? Let’s go over the details.

Why December? And When in December?

Traditionally, the end of December is when automakers offer their most generous sales incentives, like cash rebates or zero percent financing, according to Cars.com. It’s also when dealerships are most likely to give you a deeper…



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