How to Get the Best Auto Deals

There are many different ways to save money on your next car purchase. For example, you can take advantage of certain sales during specific holidays and times of the year and even look for cash-back offers. If you’re looking for the best auto deals, check out the offers section of the automaker’s website.

Giving customers options allows you to negotiate the purchase price, the terms of the financing, and the monthly payments. This feature is what desking software for a car sale entails. 

December

Carmakers offer great incentives on new and used cars during the last month of the year. Most of these incentives are for 2018 models, but the best deals will likely be on older inventories. Chevrolet, for example, introduced Employee Pricing for All (EPA) in December, and the incentives are the best of the year on its current lineup. Most of these incentives involve financing offers ranging from 0% to about 3%. These deals often have no haggling requirements and are a great way to save money on a new car.

The best month to buy a car is December because dealerships are scrambling to meet their year-end sales goals, which means they can incentivize customers ready to purchase a new vehicle. In addition, Edmunds data indicates that shoppers who buy a car during December will receive the most significant discounts and incentives off the MSRP of their vehicle.

Labor Day

Labor Day is one of the best times to buy a new car. Most significant automakers unveil their new models around this time, and car dealerships are motivated to sell off many previous models at low prices. So by shopping for a new car around Labor Day, you can save as much as $952 off the average cost of a used car. Also, you can take advantage of auto service contracts, which offer comprehensive coverage and access to professional auto technicians. They also include perks such as discounted maintenance costs, 24-hour roadside assistance, and more.

The Kia Forte is an excellent option for shoppers looking for a new compact sedan. This is a great value, and the Labor Day incentives on the LXS model make it a perfect choice. The Hyundai Elantra is a fuel-efficient compact car with exotic styling and a long list of standard features. Finally, if you’d prefer a roomier sedan, you can opt for the Hyundai Sonata.

Long holiday weekends

Long holiday weekends are prime opportunities to find great auto deals. Many dealerships offer special deals, such as zero-percent loan offers and cash-back deals. A recent iSeeCars study found that buyers scored 40% more sales on Martin Luther King Jr. Day than on other holiday weekends because car dealers know that people will have more time to shop and are more motivated to offer better deals. 

The holiday weekends are prime for car buying, but you should know some caveats. First of all, most car dealerships will be deserted, so car sales associates are desperate for customers. In addition, most people are wrapped up in holiday activities, making it challenging to spend time shopping. Second, many families plan to spend their spare cash on buying gifts for family and friends or on a down payment. Because of this, car lots are less crowded, but you can still find good deals.

Cash-back offers

Cash-back offers on auto deals are a great way to get extra cash to buy a new car. Often referred to as new car rebates, these offers are available through dealerships that offer specific models. But first, it is essential to understand how these rebates work and how to get the most out of them.

Car manufacturers provide cash-back offers to dealerships that offer their vehicles. Specific requirements generally accompany these offers. Often, cash-back rebates are higher than average because the manufacturer is trying to move more vehicles. In addition, cash-back rebates can help reduce financing rates.

Manufacturer-sponsored incentives

One way to get the best auto deals is to take advantage of manufacturer-sponsored incentives. These deals are created by the automaker and are guaranteed by the company. These offers are not always available in all markets and can be restricted by specific requirements. Generally, the best deals are reserved for people with good credit ratings. In addition, some manufacturer-sponsored incentives are reserved for returning lessees, employees, or friends of the automaker.

Dealers often advertise incentives online or in person. If you visit a dealer in person, they will typically provide you with a list of all available offers. These offers can range from rebates to reduced interest rates or even bonus cash on the day of purchase. You should always ask about these offers when talking to your dealer and follow up directly with the manufacturer if you think you’re eligible.

Reverse auctions

To maximize your chances of winning the best auto deal in a reverse auction, prepare ahead of time and communicate with all the vendors. Then, you can negotiate with the leading contenders. You can also watch a webinar to learn more about the process. It may take you half an hour to complete the process. So make sure to leave some time for connecting to the website and logging in. During the webinar, you can ask questions and get valuable tips.

The goal of reverse auctions is to provide significant savings over other purchasing tools and methods. The potential savings are based on several factors, including the price range and sourcing effectiveness. In addition, the protection must be greater than the cost of the reverse auction event.