Vehicle search engine iSeeCars.com recently released a report that shows the best and worst times to make that kind of purchase.
What’s the Best Time to Buy a Used Car?
- The winter months and holidays are the best times to find a deal on a used car.
- With nearly 40% more deals than average, Martin Luther King Jr. Day offers the best chance to save on a used car.
- The Fourth of July has nearly 20% fewer deals than average and is the least likely holiday for used car bargains.
"Because the average used vehicle is about $17,000, which is less than half the price of a new vehicle, without a doubt, I want you to go with a used vehicle — not new," he says.
Best Months to Buy a Used Car
|Rank||Time of Year||% More Deals Than Average|
See the complete iSeeCars report.
“There isn’t as much foot traffic in dealerships in the beginning of the year compared to months with milder weather, so dealers are more competitive with their pricing to drive up demand,” Brauer says.
Don’t Be Afraid of a High-Mileage Vehicle
Get the Car Checked Out Independently Before Purchase
"Buying a used car involves a little more risk than buying a new car because you never know how the previous owner treated that vehicle," Clark says.
More Car-Buying Resources From Clark.com:
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