Buying a pre-owned car in Calgary is a practical way to save money, but timing is everything. When should you buy a used car? Is there any specific time of the year when it is beneficial to purchase a second-hand car? While the cost of a pre-owned vehicle varies depending on demand, market conditions, inventory, and certain times of the month and year, understanding these patterns can be helpful.
- End of the year: The prime buying season
One of the best times to buy used cars Calgary is at the end of the year. You can purchase the vehicle anytime between October and December. This is the timeframe when dealers are eager to clear their stock and make room for the newer models arriving the following year. As a result, many of these dealers offer exciting discounts and packages to attract customers. Many dealers have annual sales targets to meet, so they don’t hesitate to negotiate the current market rate. And if you plan to purchase the vehicle in the last week of December, you can expect to get aggressive discounts and incentives on used vehicles.
- End of the month: When sales pressure is extremely high
If you don’t have a specific timeframe in mind for purchasing the refurbished car, you can contact the dealers at the end of each month. This is because the sales pressure is exceptionally high during this time. The dealers need to meet their monthly sales quota, and they are more than willing to negotiate the cost to meet their monthly target. In other words, this target pressure will work in your favour.
- End of the quarter: Look for the hidden opportunities
Quarterly targets are very similar to the monthly targets. This means that the end of March, June, September, and December are the best times to buy a used car. Even when the discounts are not advertised (as much as you’d like), there is no harm in negotiating with the dealer. More often than not, they are willing to cooperate. So, make sure to turn the tide in your favour.
- When new models arrive at the dealership
When car manufacturers release new models, trade-ins increase, which in turn boosts the used-car inventory. This happens mainly during the late summer and early fall. As the supply of used vehicles increases, the cost automatically decreases. If you are not rigid about the newest car features, this is an excellent time to purchase a well-maintained pre-owned vehicle at attractive rates.
- Don’t forget the market conditions
Although the right time affects the cost of https://stampedeauto.com/used-cars-calgary/, other factors are at play. For example, the rise in fuel prices, interest rates, and economic trends will influence the cost of a second-hand car. Hence, you must stay updated on all these factors so you can take the final call as per your convenience.
Final words
The best time to buy a used car in Calgary is often at the end of the month, quarter, or year. However, before you proceed to make the purchase, you need to be financially prepared. Moreover, you need to conduct sufficient research on the car model and the dealer. Buying it from a reliable dealer ensures a hassle-free experience.