Best Time To Buy A Car?

By: Chuck Huckaby


When's the Best Time To Buy A Car?



We'll probably have to agree to disagree, but I don't
necessarily think it's at the "end of the month" is the answer
to the "when's the best time to buy a car" question any more.



Don't get me wrong, when you're buying a car at retail (
a new or used one), going on the last day of the month when the
shop is trying to reach it's quota may be in your best interests.



I remember buying a used Honda Accord once.



I showed up on the last day of the month and the last day of the
quarter. It was also just a few hours before closing time.



I didn't realize it until the salesman started sweating and
complaining about it as if I was some kind of car buying shark!



I'm not sure I got any kind of super deal, but at least the
salesman acted as if I had some kind of leverage and that I was
using some kind of "insider knowledge" that dictated the best
time to buy a car.



You can see their point though.



Near month end and quarter's end, the number crunchers are hard
at work bewailing the lack of sales.



So the sales manager is trying to rouse the sales people into
greater productivity so they can all get their bonus.



But I repeat the question. Is waiting till the last day of the
month in the last few hours of the day the ABSOLUTE best time to
buy a car?



Nowadays I'd say NO.



Why is that?



Because I don't believe in buying a car at RETAIL at all if I
can help it!



Call me cheap, but I'd like to buy perfectly serviceable, BUT
DIRT CHEAP cars sold at rock bottom... up to 90% off in some
cases.



So now my answer to when the best time to buy a car is... "At
Auction!"



Whether it's a government auction from the local sheriff who's
seized cars from drug dealers, an IRS auction, government
vehicles that have 50,000 more miles but are forced to be sold
by local policy, bank repossessions, or a car dealer's auction
where some auto insider has to go with you, I'm convinced that
the best time to buy a car is always at an auto auction!



Click here for nationwide
lists of auto auctions...



Here are my reasons...



Let's take an auction from the finance company of a major
manufacturer..



1. You've got a nearly new car. The previous driver took the
"depreciation hit".



2. You're probably going to get a new warranty for at least 3
months - or save enough to purchase your own "extended warranty"
if you are worried the car will fall apart on you.



3. You're going to probably get excellent "new car" financing
rates on a used car just to get it off the lot.



Why all the goodies?



The company may have already completely written off the previous
transaction as a "complete loss".



If so, they consider whatever they can get from you to be 100%
profit!



Let's take a government auction... either from a drug dealer or
an IRS seizure.



Why might these opportunities be the best time to buy a
car?



Remember the drug enforcement officers and the IRS have NO COST
BASIS in the car.



They're in the same position as the finance company that's
written off their loss.



Like the finance company, the government agency selling items at
auction have 100% to gain.



It's "found money" to them whether they make $1,000 or $10,000.
Sure they'd like as much as possible on any given day, but
they'll take the money and run.



So the best time to buy a car for these agencies is "any time
they have an auction" as long as the car is something you can
use or something you can quickly sell at a profit.



This isn't brain surgery.



It's just basic economics.



The answer to the question "when's the best time to buy a car"
is simple economics.



1. Do you prefer to buy at RETAIL or WHOLESALE?



In other words, do you want to pay what the average person pays,
including years of interest and face the risk of massive
depreciation and being "upside down" on your loan (this is when
you buy a new car that depreciates so fast when you go to trade
it in, the car has no trade in value)?



Or do you want to buy a car at wholesale prices, like a dealer,
and save thousands on not only the purchase price, but thousands
of dollars in interest payments if you get a loan?



2. If you prefer to buy at retail, then by all means the best
time to buy a car is at the end of the month in the closing
hours of the day (and preferably the quarter).



3. If you prefer to buy at wholesale instead of retail, then the
best time to buy a car is at auction.



Let's say it together...



When's the Best Time
To Buy A Car? At Auction!

About the author:
Chuck Huckaby writes the Work At
Home Business Opportunities Blog and 1stHowToWorkAtHome.com and 1st-WorkFromHomeJobs.com
- Real Jobs Continuously Updated!. They're 3 of the best
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