When Is The Best Time To Buy A Used Car?

When Is The Best Time To Buy A Used Car?


 

There is a season for everything. If you are planning to buy a brand new car, the right time can save thousands of dollars for you. It is important to choose the right season and time of year. As seasons pass away, you will see drastic price differences (especially with used cars). So when is the best time to buy a used car?

Honest and Professional Pre-purchase Car Inspection in Melbourne, VIC

We have been in the automotive industry since 1984, ranging from apprentice, through to master technician, workshop foreman, controller, service advisor and service manager, in numerous premium vehicle businesses. We have built a level of loyalty that in the 21st Century is vital. After all, customer service and care is a point of difference.

We hope we are able to help you out with your needs. Our business is also known as Prepurchase Check.


Finding the best time to purchase used cars is an art. And, you must master it!

#1 Buy The Car Before The Need Arises

Regardless of what the month or season is, you should decide to buy a car (either used or new) before your current vehicle breaks down. Old vehicles are unreliable. They may leave you stranded at any time. If the condition of the vehicle and the best time to buy used cars coincides, you will bag a wonderful deal.

Never wait till your current vehicle model expires or becomes boring before you sell it. This will reduce the amount of money you make from the trade. Sometimes, you will be under absolute pressure and forced into a horrible deal.

#2 The End Of The Financial Year

New-car sales season hits in June, (except those makers that have different financial years – ie. Japan's fiscal year ends on March 31) driven by brands and dealers keen to hit their targets and boost financial year sales figures. Historically, monthly car sales volumes are up substantially during this period. This can be a great time to buy a car at a discount or receive a bonus such as an extended warranty, roadside assistance or accessories such as window tinting, alloy wheels or floor mats. This time of year often works well for business buyers as they’re able to gain a tax advantage soon after claiming an expense.

#3 The New Year

Another interesting time of the year for buying used cars would be the beginning of New Year. It can pay to ride out the End of Year sales and buy your new car during the early-year plate clearance sales. By February, a car built the previous year will be offered among new cars built that year, but often at a discounted price.

Every vehicle in Australia features two different number plates. You will find compliance and a build plate. With time, the difference between the compliance and build plate becomes big. Most buyers prefer vehicles with a smaller difference. This is why dealers use incentives and warranties to sell cars as quickly as possible. As a vehicle moves from one year to another, it becomes extremely difficult to sell. In the long run, the overall value of the car drops.

Customers must make use of the New Year. It is the right time to convince dealers and bag big deals. As the difference between the compliance and build plate becomes bigger, they can exert more pressure on the dealer. This way buyers can save thousands of dollars!

#4 The End Of The Year

December can be a good time to buy a new car for an entirely different reason than the May/June sales season. Dealerships grow increasingly motivated to sell cars built that year because they will soon become last year’s model. That said, it’s unavoidable that many new cars sold in January were built the previous year. Given shipping lead times, buyers can’t realistically expect a current-year build in the initial weeks of the year. And, as a result, the plate clearance deals can get even better into the New Year.

#5 Wait Till a Car Model Becomes Old

The ideal time to buy used cars in Australia doesn’t have a defined time! Instead, you must wait till stocks for a specific model decreases. When new models are launched, most people wait, prepare and invest in the newest models. This is a bad time to bargain on car deals. Dealers will not give you great deals on new models.

On the other hand, you can take advantage of the sales pattern. Once initial needs are satisfied, dealers will experience slow sales. Soon, every model will have upgrades. These upgrades can be anything like mechanical improvements or cosmetic changes. Upgrades wouldn’t increase the price of the car. This is when you should buy the car! Sometimes, you will see people selling their newly purchased vehicles for ones with upgrades. This is definitely a win-win situation either ways. One, you will be able to buy a brand new “used” car. Two, you will be able to buy a car with upgrades at a cheaper price. Often, dealers are open to better discounts and price reduction on older stocks.

Pre-purchase Car Inspection

As much as some of us think we’re backyard mechanics, you can’t go past actually getting a used car checked out by a professional to determine whether it is mechanically sound. There’s nothing worse than driving away with your new purchase, only to find that it has an issue that is going to cost you dearly.

Have a professional inspector like German Precision to do a thorough pre-purchase car inspection in Melbourne to ensure that your dream car is operating properly and not a scam.

If you are looking for the best pre-purchase car inspector in Melbourne, do not hesitate to contact German Precision or Prepurchase Check today!

sources: mynrma.com.au, quickrevs.com.au

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