When it comes to making big purchases, timing is key, especially when it comes to buying a new car. According to Market Watch, most car makers have rolled out next year’s models by early September. Some dealers try to clear out current-year models; in turn, they are more willing to work out a deal on their older inventory because they need the space for the new vehicles.
For example, take the 2015 Chevy Volt. According to Green Car Reports, General Motors prepared to start production of the new 2016 Chevrolet Volt by getting its 2015 models off dealer lots. Buyers willing to stick with the old model can take advantage of major discounts on the 2015 Volt. Effective April 14, Chevy started a new $1,500 rebate for the car that more than doubled total rebates from $1,000 to $2,500. In addition, the amount due at signing is down to just $500.
From now until December 31 is the optimal time to buy a 2015 vehicle. According to USA Today, every dealer has annual quotas that need to be met. There are also bonuses for salespeople who meet certain annual figures. It’s in your best interest to take advantage of this. If you can wait, buy your new car in the last two weeks of December. Dealers are focused on trying to beat quotas, and annual sales bonuses are major incentives for a dealer to knock off some cash from the price.
If you aren’t too picky on color or other features, put off buying your new vehicle until December. As the year draws to a close, selection typically becomes an issue. If you’re dead set on a black 2015 Impala with black leather interior, you’ll probably want to get to the dealer sooner rather than later. By year-end, you’ll more than likely be able to get a major bargain, but that might mean getting stuck with an unpopular color or having little choice of interior.
If you are in the market for a new car, here is a list, courtesy of Edmunds, of 2015 models that offer you a bargain:
Keep in mind that many of these offers are regional; make sure you check to see what is available in your area.