Purchasing a vehicle for a good price has a lot to do with timing. If you buy at the wrong time, you could overspend. Buying at the right time — especially when end-of-year car deals are being offered — could make your wallet very happy.
With 2019 speedily approaching and the need for car lots to move the old models to make way for newer ones, you’ll find that car dealers are in a bargaining mood.
Here are the cars you can get end-of-year deals deals on
When it comes to the used vehicles you’re most likely to score a deal on right now, sedans are the hot item, according to research from auto data experts iSeeCars.com.
The site analyzed more than 2.4 million cars up to five years old and found the ones that would offer savings of at least 5% in December. “At the average used car price of $20,243, savings of 5% total a substantial dollar amount of over $1,000,” iSeeCars CEO Phong Ly says.
Which cars have the most deals in December 2018?
Here are the cars with the biggest savings opportunity, according to iSeeCars.com:
|Top 10 Cars with the Most Deals in December|
|Rank||Car||% More Deals than Average|
|1||BMW 3 Series||26.6% More Deals|
Money expert Clark Howard is all for buying used cars because, in many cases, they offer the equivalent amenities and value of the latest models — but without the premium you pay for new.
“My preference is for you to buy a two or three-year-old used car, rather than a new car,” he says. “Because when you buy a new car, it loses value the minute you drive off the lot. Let somebody else eat that depreciation and buy used!”
Clark does, however, want you to be fully informed about “certified pre-owned vehicles” and what the label really means. Here’s what you need to know about them.