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Why Are Prices Falling and Car Loans Getting Easier?
Overstocking generally reveals some fantastic deals on vehicles. The reason is simple: new models start making their way to the market, enticing buyers to purchase them instead of the older years. Car dealers are anxious to be rid of the leftover 2017 models so that they can usher in 2018’s. Sadly for dealers, car sales haven’t been terrific this year, leaving them with more vehicles than they know what to do with. Take advantage of their misfortune with great deals on cars and car loans!
Low Sales Mean Big Savings on Cars and Car Loans
While the poor market has left car salesmen scratching their heads and wondering how to draw in new customers, this is fantastic news for those looking to buy. At this point, customers can expect to find 0% financing on car loans if they qualify, cash back rebates following the sale, and additional cash. While some of these incentives may have been available in the past, they are being offered at more astonishing frequency than usual. With cars that need to be sold, salesmen are pulling out all the stops and offering all the goodies they have at their disposal. Also, there are 3rd party companies offering 98% approval on car loans.
Should You Wait to Buy?
As the year draws nearer to a close, deals will continue to get sweeter and sweeter. Shoppers who wait until November or December can expect to see even more great goodies added to their vehicle offer. But is it worth the wait? In some ways, buying a car later in the year will have benefits but, on the downside, the available cars will be limited. If you have a specific vehicle you want to purchase, it is best not to wait since they might be sold out. Also, don’t forget to check into an extended auto warranty. As you purchase a used car getting an auto warranty is good idea, anymore you can get them for pennies compared to past policies.
The Last Three Days of the Month Are Best!
For the best deals available, you should only shop for a vehicle on the last three days of the month. Each month, car salesmen are given a certain number of cars to sell so that they can get a better commission on the sales. By the end of the month, salesmen are so anxious to meet their sales target that they will be willing to cut you an especially good deal.
If you’re looking for a particular vehicle and want the best deal possible, now is the time. Hit the car lot and use the tips listed above to have the best success saving money on cars and car loans.
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