The Best Time To Buy A Used Car

When thinking in the future about your buying a used car, it’s important to look at the numbers. Car prices tend to go down between November and January, and then tend to quickly shoot back up in the month of February. These statistics were gathered by price trends on more than 12 million used cars.

The difference between August (the most expensive month) and January (the least expensive month) is pretty mind boggling. You can save over 5% just by timing your purchases to when cars will be the least expensive. This can amount to up to $1,000 on a $20,000 purchase!

Best time to buy a used car

There are many reasons as to why prices could drop near the end of the year. The first could be simple economics - as more people buy new cars at the end of the year, they trade in their old vehicles. As supply increases, the price drops. The amount of people in the market for a used car is typically much lower in the winter months, as well.

Another possible explanation is that your car becomes one year older in January (at least, on paper it does), which could lower its selling prospects. As many owners seek to sell their cars in the months leading up to the new year, prices drop.

Whenever you decide to purchase a new car, it’s important to know you’re getting your money’s worth. Fiix provides used car inspections, which can help you know the state of your car you’re purchasing. Schedule one today at www.fiix.io, or call us at 647-361-4449.

Related articles

Car Won't Start, What's The Cause

When and Why to Put On Winter Tires

5 Ways to Become a Better Nighttime Driver

The 3 Signs Of Misaligned Wheels

What To Do If Your Engine Is Overheating

How To Read Your Tire Size

Extend your car's life. Get car advice straight to your inbox.

Join 5000+ car owners and keep your car in its healthiest form.

More Related Articles

4 Tips on How To Be a Better Driver

4 Tips on How To Be a Better Driver

Whether you’re a driver with 10 years of experience, or just started driving recently, we can all stand to improve our driving abilities. These 4 tips will help increase your awareness, safety, and overall driving proficiency.

Read more

Does My Car Qualify To Drive For Uber

Does My Car Qualify To Drive For Uber

This guide will take you through the general requirements for each Uber service to let you know whether or not you can drive for Uber.

Read more

Learning about your OBD II port

Learning about your OBD II port

The OBD-II port in your car interfaces with the computer, and is connected to the “check engine” light. If you connect to the port, you can read diagnostic information and check errors.

Read more