When is the best time to buy a car in Ontario?
Indeed, the best time to buy a new car is when you need one. Your car just died? A new family member on the way? Maybe you have a new job that requires a car? Or you start to think about fuel economy and looking for a new EV?
Before you buy a car, it’s better to have one of the cheapest ways to buy a car on your radar.
The best time to buy a car in Ontario Canada is generally at the end.
Dealerships are looking to clear out cars at the end of periods to hit sales quotas. Like the end of the year, the quarter, or the end of the month. They’re also looking to sell off cars and make room for the newer models.
If you buying a car at the end of the period or willing to stick to an older model year, it’s very likely you will get a bargain price.
We list a few tips here for you to get the best deals.
The best timing of buying a car in Ontario: the end of the year
The end of the quarter is a good opportunity to buy a new car and maximize your savings.
Try to purchase a car in one of these months:
In general, the end of the year is the best time to buy a new car.
Dealerships are usually clear out inventory and hit their sales targets in the end of the year. Manufacturers are looking to introduce new models in the new year so offload old models.
November and December are when car sales start to slow down, while every dealership’s salespeople are trying to push sales.
Dealerships are also trying to sell off last year’s models during these months. The entire auto industry has to compete with holiday gift and Black Friday promotions
In short, the end of the year is when you can get the greatest savings when purchasing a new car, but there are other tips you may what to know if you can’t wait till the end of the year.
The best timing of buying a car in Ontario: the last hour sales
When is the best time to buy a new car on the last day of the month? The sales representatives who sell cars experience a greater sense of urgency to complete their sales goals in a timely way as the end of their day. Choose to walk in after work or closer to the end of the day would be a great chance to take advantage of these “last hour sales.”
Wait till the last hours of the last day of the month. Your local dealerships’ sales representatives are likely to have monthly sales targets that they work hard to meet. What influences their commissions and sales bonuses, and that gives you a good chance of closing a great price on your car purchase.
Other tips: Not all about endings
Here are other tips that could save money on buying a car:
- Consider last year’s model is another way to maximize your saving of buying a car.
It’s always cost-effective is you are willing to forego the new model of the car you plan to buy.
- Keep an eye on holiday sales and long weekend sales to get some extra benefits for your money throughout the rest of the year. Dealerships and manufactures usually plan their annual marketing schedule for car sales, special deals are usually available during holidays or long weekends like Canada Day, Thanksgiving, New year, and so on. You make take advantage of a worthy deal on the car that you want during these holiday sales.
- Car manufacturers are often offer special offers around the year that you could jump on to saving extra money, such as:
To wrap up, once you decide to buy the car you want, make sure you review the sales contract carefully. You may want to double-check if the agreed bonus is added to your contract or has your dealership added any things that you didn’t agree to.
The best time to buy a car is when you really need a new car and you have the money and time to shop around. Make sure to stick to your budget and it’s always worth investing enough time to compare costs and make your decision without pressure.
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