Dealerships are hit with a triple-whammy of pressure: hitting monthly quotas, hitting annual quotas, and clearing out the prior year's models to make room for incoming inventory. New Year's Eve specifically is famous for yielding some of the most desperate dealer price-drops of the year. 4. When the New Model Year Drops
Dealership managers face immense pressure to close out the fiscal quarter with strong numbers, making them much more willing to slash dealer fees and profit margins to earn their quarterly payouts. 3. Late Fall to the End of the Year (October – December) best time to buy a car reddit
Dealerships pay interest (known as "floor plan" costs) on every car sitting on their lot. When a vehicle becomes a year old, it costs them money just to let it sit there. They are highly motivated to offer steep discounts and subsidized financing (like 0% APR) to get rid of them. 🛑 The Absolute Worst Times to Buy Dealerships are hit with a triple-whammy of pressure:
Look for brand-new cars from the "outgoing" model year sitting on the lot. When the New Model Year Drops Dealership managers