NOV 25, 2017 AT 02:42 AM
3. Remember the cycle of models
If you do not need the latest car model, the best time you can get a car is around the time the next year’s model has started showing up on dealers’ lots. The rationale behind this is when planning of new models happens; the dealer wants to sell off their current models quickly, to make space for the new ones coming in. It is very easy to figure out the time for the turnover of your desired car - it is not classified information - then just go to the dealer at the right time. This is advantageous for you, especially when the next year’s model is a full redesign of current models, so prices will be cheap.
4. Consider selling your old car instead of trading it in
One of the lessons I learned from my dad was that before you buy a new car, sell your old one first. Yes, we live in a busy society where people do not have time to advertise their car on a classified advert and answer interested strangers’ questions. That makes people resort to trading in their cars whenever they want to upgrade.
However, even though this option will save you time, it will not save you money in the end. The appropriately named “private party” values, that is the price you anticipate to get when you sell the car, tends to be significantly higher than trade-in values, that is if you were to trade in the car. This money can run into thousands of dollars. So instead of taking the seemingly easy trade-in option, take a few photos of your car and sell it.