The month of December isn’t just ideal for snagging deals on candy canes and snow shovels. Christmastime is actually one of the best times to purchase used vehicles. If the thought of replacing your current car has been on the back-burner, you may want to push it to the top of the list. Buy a used car now versus in the spring, and you could save some serious cash.
This is all according to a study done by the automotive website CarGurus. The demand for cars is lower during the holiday season. The lots are cold and most people are preoccupied with baking cookies, sipping eggnog and wrapping gifts. Thanks to this detail, the price drop. According to the study by CarGurus, car prices hit their lowest average between Thanksgiving and the first week in January. Come the New Year and the era of resolutions, prices rise apace.
So, if a new-to-you car lies in your near future, your smartest move is to buy now. And shop used. Used cars are already a great deal because of the amount of value you can get at a much lower price than new. Add to that the fact that prices are lower than ever this month, and you’ve got a deal even the Grinch couldn’t refuse.