The holiday season is one of the busiest times of year, but it also comes with a lot of incredible opportunities to save money on major purchases like automobiles.
This isn’t only because business at dealerships tends to be quite slow during the month of Hanukkah, Christmas, and New Years; it is also due to the fact that car dealerships everywhere are trying to clear out stock from the current calendar year to make room for the latest 2019 vehicles.
If you’ve been thinking about purchasing a new car but haven’t quite been able to find the deal you are looking for yet, here are three reasons to take some time to visit your local dealership lot this month to see what offers are available. Who knows? You might find something you like at a price you can’t argue with!
1. Seasonal Sales
Like any other business, car dealerships have peak seasons and slow seasons, but given the nature of the automotive industry, dealerships are incentivized to make sure that they are constantly moving old product out to make room for exciting new vehicles. And they are doubly incentivized in December to meet the year’s sales targets.
For this reason, if you’ve had your eye on a best-selling vehicle like Mazda’s 2018 CX-9 crossover SUV, December is the perfect time to stop by Yorkdale Dufferin Mazda to see whether it is now available at a discount. Chances are that with the 2019 model now hitting showrooms, the dealership staff will be willing to negotiate a competitive price on what will soon be last year’s model.
2. Wide Selection
Many shoppers visit a dealership lot already knowing basically which vehicle they want to get. Studies show that most shoppers now do most of their research online and only visit dealerships to actually make their purchase.
But actually visiting the dealership lot during the holiday season can make a lot of sense because of the wide variety of vehicles being showcased at that time of year. With brand new vehicles from the current year and the year to come available and a significant number of pre-owned vehicles to choose from, if you stop by Yorkdale Dufferin Mazda you may find incredible rates on a vehicle that might not have been on your radar if you were only looking online.
3. Great Financing Rates
It is a well-established truth that December is one of the months where consumers are most prone to overspending — in large part due to the many financial pressures related to the end of the year and the holiday season. But for this reason, dealerships are often more likely to provide shoppers with compelling deals with low money down and low purchase financing rates.
If you are strategic about your automotive purchases, you can take advantage of these rates without paying more down the line. And it will help make your own bottom line in December easier to manage!
It has long been an open secret that those who are smart with their money tend to take advantage of holiday sales more than their less well-prepared peers. Buying a car during the hectic holiday season may seem crazy, but if you are careful with your money and find the right deal, it can be one of the best financial moves you make all year.