That would suggest that spring would not be an opportune time to buy a car. Zack is the Founder & CEO of Make Lemonade, a leading online personal finance company that empowers you to live a better financial life. Apple named The Lemonade Life one of "Fall's Biggest Audiobooks" and a "Must-Listen.". For years now, people have talked about a bubble in the market, yet it has never significantly burst. There are also year-end and holiday sales in the month of December. Although it is not impossible to get a good deal on a new car in the Spring, dealerships and auto manufactures offer fewer incentive offers and lease deals during this time of the year.

Bestselling Author, The Lemonade Life. Best Time to Buy a Used Car.

Previously, he was a chief financial officer, a hedge fund investor, and worked at Blackstone, Morgan Stanley, and the White House.

tracks the market with its mystery-shopped Target Price data, and already this has made it clear that the focus for factory-ordered cars is on improving profitability by reducing margins for haggling.

Today, mid-crisis, the messages are mixed.

Some of the same strategies that apply to the best time to buy a new car apply to used cars, but not all of them. This is when dealers and manufacturers offer the greatest discounts. Expect discounts and room for bargaining.

Although Spring is not the best time of the year to buy a new car, most car shoppers visit dealerships during March through May. You could be in danger of temporarily reducing your credit score if you have been negotiating finance terms at multiple dealerships over the course of several weeks . However, many new car shoppers don't realize that there are good times and a not so good times to buy a new vehicle. 5.

October is also the best month to buy a pickup truck or small car, according to TrueCar. If you can't make it on New Year's Eve, consider heading to a car dealership on New Year's Day. So, the moral of the story is, don't buy a new, factory order car. As dealerships reopen for the first time since lockdown, customers might expect better deals - but that may not be the case.

If multiple car dealerships frequently check your credit score beyond a 14-day period, your previous loan applications could have a negative impact on your credit score.

The weekends might seem like the best time to buy a car. Since many sales teams have monthly, quarterly and annual quotas, the end of the year is the best time to work out a deal and get a discount. The theory: low traffic on New Year's Day means salespeople at the dealership may be more willing to make a deal.