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The Best Time To Buy A Car Is September (or December)


September is the best month to get a new car

People often ask us “when is the best time to buy a new car?” Obviously, this question implies that the best time is the time when you can get the best deal. In other words, during which month are car dealerships most likely to give out great deals and discounts.

Typically, September is the best month to buy a new car. Why? Because car dealers start getting new inventory in September and are eager to get rid of last year’s models. If you wait until September, you’ll often be able to get a 10-20% bargain.

The fact of the matter is that September through December is considered the clearance sale period for the previous year’s models. September is the month during which you’ll get the biggest discounts because it jumpstarts the clearance season, and all efforts are made to get rid of inventory as quickly as possible. After September, December is probably the best month because it’s a last ditch attempt to get rid of the majority of leftover inventory as they move into a new year.



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GM Sale Continues, Includes Saturn Vue Hybrid

2007saturnvue

If you thought the Presidents Day sales all ended on Monday — you know, President’s Day — then you’re wrong. GM is extending 0% financing and $500 cash-back deals on certain vehicles until Feb. 28. The company is also including the 2007 Saturn Vue Green Line hybrid SUV in the sale.

All Saturns, including the new Aura sedan and Outlook crossover, are also included in the sale, as are most 2007 models of other GM brands, including Chevrolet, Buick and Pontiac.

['Positive Response' Prompts GM to Extend Incentive Campaign, The Detroit News]



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How Hot is Your Car?

1991hondaaccord

Fewer cars were stolen in 2005 than in 2004 — 2,625 fewer — but that statistic won’t provide solace to the other 1,235,226 U.S. car owners who were robbed last year. How likely is your car to account for one of these numbers next year? The National Insurance Crime Bureau just released its top 10 list of most-stolen cars, which you can read below. Car thefts rose in the Midwest and the West, while they decreased in the Northeast and South. Surprisingly, only 62.1% of the stolen vehicles were recovered.

[Source: The National Insurance Crime Bureau]

For 2005, the most-stolen vehicles in the nation were:

  1.  1991 Honda Accord
  2.  1995 Honda Civic
  3.  1989 Toyota Camry
  4.  1994 Dodge Caravan
  5.  1994 Nissan Sentra
  6.  1997 Ford F-150
  7.  1990 Acura Integra
  8.  1986 Toyota Pickup
  9.  1993 Saturn SL
10.  2004 Dodge Ram Pickup



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Deadline Nears for Toyota Hybrid Tax Credit

2007toyotaprius

Want to claim the full federal tax credit for a new 2006 or 2007 Toyota hybrid? You have two days left to do so. Toyota has surpassed the sales figure set by the U.S. government under which consumers can receive a tax credit of up to $3,150 when they purchase a hybrid vehicle. The credit for Toyota hybrids purchased on or after Oct. 1 will be cut in half. After April 1, 2007, the credit will be cut in half again, and no credits will be given after Sept. 30, 2007. The only good news is that new 2007 models are also eligible for the same credits as the 2006s, depending on when they’re purchased. For a full rundown of vehicle models and their credits before and after the deadline, read below.

Toyota Prius 
$3,150/$1,575*

Toyota Camry Hybrid and Highlander Hybrid
$2,600/$1,300

Lexus RX 400h
$2,200/$1,100

Lexus GS 450h
$1,550/$775

*Credit if purchased before Oct. 1, 2006/credit if purchased on or after Oct. 1, 2006



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