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Any thoughts on buying a car the last day of the year?

avatar78 964 237 December 29, 2015 at 07:34 AM
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I've read that December 31 is the best day to buy a car, since it's the last day of the month, quarter, and year, so dealers are motivated to make sales to make various goals.

Yay/nay? Not sure if it would be just new cars, or used also? And if it's true, any vehicles already going for less that could be had even more cheaply?

Looking here it looks like 2015 Hyundai models are being discounted pretty well.
http://www.realcartips.com/news/1...vers.shtml

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#2
Do It.
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#3
buy 3
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#4
I heard December as a whole is a good month. This was a decade ago so who's to say today?
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#5
Is it better then the spring time or August - October when the new models roll in?
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Joined Jun 2005
Let Sleeping Dogs Lie
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#6
i think it is pretty much the best as long as it is new and a brand that has holdbacks

this gives you an idea of how they work
http://www.autonews.com/article/2...er-profits

years ago I saw some from GM and if a chevy dealer hit 120% of goal they make more money for all the car sales of the month. So the last car that makes 120% could be sold at areal loss like 2K under invoice but the holdback increase would more than make up the loss. But yiu have to hit the right dealer, and it HAS to be new!
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#7
Going with a family member who is picking up a new car today. Pretty solid end of year deals like you said.
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Vague questions receive vague answers . . . . . .
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#8
Depends on the dealership if they already made all the goals they will be less willing to cut you a deal
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#9
There is never a good time to buy a brand new car.
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"This whole.. I have XX company so my pee pee is 2" longer talk is hilarious. Who cares what company is cheapest, best, etc. Pick the company and plan you want and keep it to yourself."
#10
Quote from tennis8363 View Post :
There is never a good time to buy a brand new car.

While I generally feel the same way, someone has to keep buying new so we can save buying used.
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#11
The deal is closed on the following Monday for the 2015 so no need to buy at the last day of the year.
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#12
Quote from tennis8363 View Post :
There is never a good time to buy a brand new car.
Generally speaking that's true, but some of the rebate deals leave you with a car that is worth a couple thousand more than your loan. Buying used is also a huge crapshoot so it's worth considering the value of peace of mind. The used vehicle I purchased in 2006 lasted me 9 years and cost me virtually nothing in repairs, but my latest used vehicle purchase has already had over $5K in repairs in 6 months (under warranty, but I am not so naive as to believe this is the end of the issues).


So to the OP ... Did you make a deal?
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#13
Quote from ManUpOrShutUp View Post :
So to the OP ... Did you make a deal?
No, I bought a car 6 months ago and bottom line, there just isn't anything I'm really excited to buy right now. Maybe next year though!
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#14
I'll say the last new car I personally bought, the dealer was VERY interested in me picking it up before the beginning of the next month. I am sure it's all about quotas and whatnot.

I've always had luck:
- Negotiating online with many dealers over a wide area
- Buying in the October timeframe for the previous year's model (which is right when the switchover to the next years' model seems to happen, so perhaps they are interested in clearing inventory)

But all of the above were NEW cars ON THE LOT; as in, I drive it away that day,
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#15
I don't see much incentive for last day of the year. Last day of the quarter and month lend some strength to a flexible consumer. My last two transactions were the $37 ($72 for me) Cruze lease done on 12/31 and previously 3/31 as the last customer out the door. There has been much dealer followup since my 12/30 visits so I am thinking there may be better deals today than on 12/31.
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