Overhaulin'

When is the very best time to buy a new car?

I want to buy a new car using Obamas new "cash for clunkers" program, but its still a bit too expensive for me to upgrade. Is there a specific time in the year that car prices are lower? When do the new models for 2010 come out (because maybe they'll wanna get rid of the 09 models) Also, i want a small cheap car, do you have any ideas for me?

Public Comments

1. Late Summer is when the "model year clearances" begin. However, nowadays, manufacturers are releasing new cars through out the year. It depends on the car you're looking for. For example, a 2009 Ford Fusion should be fairly cheap since the 2010 Fusion was released back in April. Same with a Mustang.
2. August-ish. That is when the new models start to come out. So dealerships will want to get rid of the old inventory. Waiting until the end of the month is better. Dealerships are more apt to make a good deal at the end of the month especially if sales have been slow throughout the month. Remember, negotiate the PRICE and not the payments. If a dealership wants to pull your credit BEFORE a deal is made, tell them to forget it. Ask them which bureau they pull and if they say either "one" or "Experian" run for the hills. Get your own financing before you go shopping as this will make it MUCH easier on you. And if a dealership wants to pull your credit even though you have your own financing, take your business elsewhere. Here is a website that will help you negotiate through the flurry of red tape and forms the dealership is going to throw at you: http://www.carbuyingtips.com/scams.htm Then you will need to be armed with what the cost is of the vehicle you want. So go here: http://www.edmunds.com/ Thoroughly read and understand these websites. You will be thankful and will give you the ammo you need to handle any car dealership.
3. This site worked great for me http://viewbestdeals.com/newcars.html They'll take 5% off the lowest price you can find..