Best Month to Buy a Car

Trying to get the best deal possible when you are looking to buy a used car, new car or even to buy a car with no credit is the goal of every consumer. At Car Loans Canada everything you need to know about car buying is available to you so you can be sure to accomplish this goal. Some things to ask yourself are "What is the best day to buy a car?", "What is the best month to buy car?” and “Do these factors even play a role when buying a car?". In fact, they do.

What is the Best Day to Buy a Car

The best day to buy a car is at the end of the month. The dealer is working with its own set of incentives and quotas given to him by the factory. One such incentive is the “stair-step” program. The dealer has to sell a given number of cars per month. After this quota is met the manufacturer will earn an extra dollar amount (ex. $150.00) per car sold retroactive to the first one in the 30 day period. If the dealer sells 100 cars, the incentive adds up to $15 000. Nearing the end of the month if the dealer has not met the quota, he is going to be eager to deal. So, what is the best day to buy a car? The last few days of the month when the dealer is struggling to meet its manufacturer set quotas.

Buy a Car With No Credit in December

December is the best month to buy a car with no credit, buy new car, or buy a used car. The dealers’ monthly and yearly quotas are wrapping up at this time. Also, come January 1, the dealers will be charged an inventory tax on all remaining stock. They really want to get rid off all stock before the New Year. Another incentive for dealers is to win the title of best selling car for the year which will provide fantastic advertising for the year to come.

Reading up on other factors at Car Loans Canada is the best way. Lease or buy a car in Canada armed with expert auto purchasing recommendations and you can not go wrong. Be sure to fill out the easy to use online auto loan application when you are done.