To buy or not to buy a car – is 2021 a good year to invest in a new vehicle?

Some people have decided that 2021 isn’t a good year to spend money on a new car, and they’d better wait for the thing to settle down. There’s too much uncertainty around to spend money on something if it’s not a necessity. 

But you haven’t decided yet if this is the moment to get a new vehicle, and you need more info to set up your mind. To help you, here are some reasons why to get and not to get a new car. 

Why should you buy a car in 2021?

If you get a new car in the following months, you can pay less than if you wait another year when the prices will rise and the model you want to purchase will be sold at a higher value. Because fewer people are willing to spend money, there are some excellent deals on the market, so you can get the vehicle you want at a lower price than it’s usually sold. Dealers don’t want to have their showroom packed with cars, so they prefer to offer discounts to attract buyers. 

Supposing you get a 2021 model, you trade the old car for an environmentally friendly one, which means your family is better protected. A new purchase can also protect you from the virus because it’s unsafe to use public transport during the pandemic. It makes sense to drive a car you clean and regularly sanitize, to protect your health. 

Why should you wait for another year to buy a car?

You may not be in a rush to splash your savings in a time of insecurity. No one can say how the pandemic will evolve even if there is a vaccine. Also, who knows what the long-term economic impact will be on the job market. 

Your car isn’t in such a bad shape to change it for a new one, and you could save money if you wait for 2022 when 2021 models are less expensive. If you wait another year, you can get an electric vehicle at an affordable rate. 

Public transport will soon return to a safer status as people get the vaccine and immunize themselves against the virus. Also, you may not even need public transport because your employer may’ve decided to work from home even after the pandemic ends. 

But if you need a new car, then you may want to know when it’s the best time to purchase it. The best time to get a new vehicle is in late December when dealerships wish to set their sales goals, and they sell cars are breakeven or batter to unlock incentives. Unfortunately, you cannot wait until December, but you still want to save money. 

What is the best day of the week to get a car?

The best day of the week to buy a new car is Monday. Even if most people prefer to shop at the end of the month or end of the quarter, there are some advantages if you visit the showroom on the first day of the week. Studies show that people get better deals when they shop on Mondays than on other days of the week because the dealerships aren’t very busy in the week’s early days. And because there are fewer offers, the dealers are more willing to negotiate the price. To test the market, you can visit a St Louis Ford dealer on a Monday to see if the sellers are willing to negotiate the prices.      

What is the best holiday to buy a new vehicle?

The New Year’s Eve is by far the best holiday to buy a new car. The timing is perfect on the last day of the year because it’s identic with the end of December when every dealership wants to sell as many cars as possible to reach their goals. Some dealerships extend their incentives through the first days of January, so you can find some great deals if you’re willing to spend money at the beginning of the new year. 

New Year is the ideal holiday to purchase cars, but if you missed it, you could look for other holidays on the calendar because there are many other opportunities. The presidents Day, Memorial Day, and Labor Day are other 3-dau celebrations packed with great offers. If you can wait until Memorial Day, you can get some excellent incentives that will probably extend on the month of May. 

Other holidays to purchase a new car are the 4th of July and Black Friday. Black Friday is an event that brings discounts in all sectors, so if you want to get a model at a lower price, you may want to wait until the end of the year. 

But because the holidays are busy times for all retailers, it’s best to get as much of the vehicle shopping possible done before the day, so you don’t have to visit the showroom on the day. Because of the pandemic, some dealers allow now for buyers to shop for their vehicles online

What is the best time to buy a used car?

The best time to get a used car is between October and December. The same strategies that apply to shopping for a new vehicle also apply to getting a used one, but some are different. Like new autos, it’s best to get a used car on the first day of the week and towards the end of the day. But you may not find the same offers and discounts during holidays because dealerships don’t provide the same incentives for used models. 

Because in the last months of the year are peak buying season for new vehicles, many dealerships drop the used models’ rates because they want to attract buyers. If you’re going to get a low price for a used car, visit the showroom towards the end of the year when the dealers want to get rid of products, they didn’t manage to sell to make room for the new models launched in the following year. 

The bottom line

If you really need a car, 2021 may be an excellent year to get one because dealerships are expected to drop prices and create deals that meet the market’s specific needs in the time of the pandemic. 

 

Related Posts