Car price fluctuates over time. When are the best times to purchase a new car?
Choosing the reasonable times to buy cars can help you reduce a few dozens to hundreds of lakhs. The discount prices of car manufacturers can come suddenly and completely depend on the decision of the car industry. Car prices depend on many factors, so it is very difficult to determine when is the best time to purchase autos in India. However, experts have found some milestones to be considered the best times of the year to buy cars. It is believed that the golden time to buy a car is at the end of the month, the quarter, the end of the year or at automobile exhibitions.
1. End of the year
Massive discounts are given at the end of the year
Year-end and stock clearance will motivate car dealers to provide huge discounts. In fact, the end of the year is the time when car dealers expect to push sales due to the high demand for cars. Therefore, companies and agents offer good discounts and incentives to drive sales. This is also the time to clear the "warehouse" in order to prepare for new models in the coming year. In addition to attractive incentives, many dealers even sell no interest at the end of the year to receive bonuses from the company if it reaches the sales target. At year end, not only will car companies launch a stimulus program on this occasion, but banks will also have more incentive programs with attractive loan support policies for customers wishing to buy a car.
2. End of month
If you need to buy a car without careful preparation, the end of the month is the best time to buy it. Companies always set the monthly or quarterly target to dealers and salespersons to sell cars. Therefore, at the end of the month, car dealers are under pressure end to achieve their sales goal. As the salesmen need to sell cars faster, they might give customers a small discount to encourage to close the deal at the end of the month. However, that type of discount does not happen each month. If dealers and salespersons already achieve their target, the car prices still remain unchanged at the end of the month.
3. End of product lifecycle
Manufacturers often reduced the price of old models
In order to "clean the warehouse" to welcome new versions, the company often reduced the price of the current models. If you don’t mind buying a little "outdated" car, watch out for new car launches to buy an old model to save money. In the spring, especially in March, many car makers will launch new models, and it is a good opportunity to buy a discounted car.
4. Pre-launch car
Before launching, some manufacturers advertise their new autos by providing the lower price for early birds. They may offer a discount and a full refund for advance booking. If you don’t need a car immediately, you should look for a pre-launch car discount.
5. Festival Discount
Festival is time to buy new things, including cars
India is well-known for celebrating many festivals. Car dealers see those events as a great opportunity to boost sales by providing special festival discounts and deals on cars. Around the festive seasons such as Navratri, Diwali and Holi, car makers offer serious price cuts and deals to encourage people to buy new autos.
Many customers choose the weekend to go to showrooms and negotiate car price with the dealer. You can hardly get a good price in the situation when there is a high demand for cars. Therefore, if you are sure you want to buy a car and the right amount you want to pay, you should go to dealers early in the week. Monday is the best day of the week to go to a car dealer. Buying an auto on a Monday will optimize your savings on a car purchase.