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

How To Fix A Broken Odometer

Top 10 Best Selling Cars of 2016

What Does Your Radiator Do

Volvo's Overseas Delivery Program

The 3 Signs Of Misaligned Wheels

Should You Buy An Aftermarket Catalytic Converter

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

Can You Get Ticketed For Driving Slow

Can You Get Ticketed For Driving Slow

It sounds bizarre - we see speed maximums posted on every street, but we never see speed minimums. Are there laws against driving too slow?

Read more

Signs Of Your Engine Running Lean

Signs Of Your Engine Running Lean

Your engine runs lean if your air-to-fuel mixture is too light - this means that the fuel in your ignition chamber is being igniting with too much air or too little fuel. Because your engine is running on less fuel than it should, it is running “lean.”

Read more

How To Read Your Tire Size

How To Read Your Tire Size

We’ve all seen the code that runs around the side of your tire. But have you ever wondered what it meant or what it was for? It's your tire size, and it can be explained in the following manner:

Read more