| The auto industry is in the midst of a full scale | | | | considered to be the best day to buy a new car |
| recovery, as markets have shifted significantly to bring | | | | according to a report by The Auto Writer. While |
| customers flocking back to car dealerships in search | | | | shoppers have Christmas on their minds, car dealers |
| of a new ride. Some of the best deals to be had were | | | | know that the best chance of siphoning after mall |
| available when the market fell to historic lows in Winter | | | | bound sales is by discounting their inventory smartly. |
| 2009, as car manufacturers did what they could to | | | | Also, consider buying your car at the very end of the |
| move iron by heavily discounting same. | | | | month. That's because car dealers are often given |
| Many of the deepest discounts are long gone, but | | | | incentives by manufacturers when they sell "x" number |
| even as the market recovers, good buys can still be | | | | of vehicles in any given month. |
| had. Let's take a look at how you can save money on | | | | Own Financing - If you're offered the choice of taking |
| your next new car, smart car buying strategies for a | | | | low-rate financing or a cash rebate, take the latter if |
| recovering automotive market. | | | | you can match or beat the rate being pushed by the |
| Shop Around - Always a good idea! Comparing prices | | | | car manufacturer's financing arm. Even a small |
| for the same make/model at more than one | | | | percentage difference in the financing rate may not |
| dealership is wise. Regional manufacturer incentives | | | | make much of a difference if the "cash on the hood" |
| should be the same, but additional incentives can be | | | | is significant. |
| realized at the dealership level. Check with 3-4 dealers | | | | Buy Used - If the thought of spending $25,000 or more |
| in your area to find the best price; don't be afraid to | | | | on a new car bothers you, you're not alone. There are |
| play them off of each other. | | | | many very good low mileage used cars on the |
| Leftover Models - You may want this year's model, | | | | market; choose those which are considered "certified |
| but last year's leftover may carry some extra special | | | | used" and backed by the manufacturer. Also, consider |
| incentives. Of note, are those cars which have had a | | | | a company such as CarMax for your late model used |
| generational change, meaning that they are all new for | | | | car if you want a decent alternative to the typical used |
| the current model year. That makes last year's model | | | | car dealer lot. |
| less desirable in the eyes of some, but a good deal in | | | | Lastly, you may want to become "brand disloyal" by |
| the eyes of bargain seekers. | | | | seeing what the competition has to offer. In some |
| Special Dates - There are times in the year and month | | | | segments, such as midsize sedans, the competitive |
| when buying a new car yields the best savings. The | | | | market means that deals can be had if you're willing to |
| day after Thanksgiving, known as Black Friday, is | | | | cross party lines. |