Not sure when to pull the trigger and purchase that pre-owned car, truck, or SUV? Winter is here to help soothe your concerns.
In fact, the winter season is notably one of the best times to purchase a used vehicle. That’s because of numerous holidays all offering great specials and exceptional opportunities for saving money.
Popular Mechanics recently released its study of the 10 best times to buy a used car. The study analyzed over 40 million used car sales from 2013 to 2015, looking for days where dealers were selling cars at a minimum of five percent less than market value.
In the report, winter months ranked higher than all others as the best time to purchase a used vehicle. Here are the top 6 months in order from best to worst:
#1 November – 26.9% More Deals
#2 December – 23.5% More Deals
#3 January – 16.4% More Deals
#4 October – 12.8% More Deals
#5 February – 6.0% More Deals
#6 September – 3.8 % More Deals
The website even analyzed specific days to purchase! Here are the detailed results of their findings:
#1 Black Friday – 33.1% More Deals
#2 Veterans Day – 32.5% More Deals
#3 Thanksgiving Day – 30.6% More Deals
#4 Columbus Day – 30.5% More Deals
#5 Martin Luther King Day – 29.4% More Deals
#6 Christmas Eve – 28.7% More Deals
#7 Christmas – 21.4% More Deals
#8 New Year’s Eve – 21.3% More Deals
#9 Halloween – 18.8% More Deals
#10 New Year’s Day – 15.8% More Deals
So what are you waiting for? If you’ve been hesitating about purchasing your next used vehicle, right now is the best time of year to buy.
