Get Your Used Car Before 2016

There are a lot of thoughts out there on when to purchase a car. Throughout the year there are many trade-in discounts and various holiday specials offered, but if the savvy car shopper does a little researching, she will find that the end of the year is the absolute best time to buy. This is when car dealers offer a multitude of incentives such as zero percent interest and financing, and often a substantial amount of cash back. These offers usually apply to many makes and models, allowing for plenty of options to choose from. The reason for such deals is that room must be made for next year’s lineup of new vehicles, and by substantially dropping prices, room gets made quickly—meaning it’s important to act fast before the most sought after models get taken.

And not only is it important to know when to buy, but it matters how to buy your car as well. The fact is, new cars can lose up to 60% of their value over the first few years—you actually lose around 9% of the car’s value the minute you drive it off the lot! Plus, new cars typically have higher insurance rates, and with certain models (like ones newly introduced or upgraded, changed in some way) it can be dangerous to drive off in something that has no true history, one that not many—or any—people know much about, or if it has any major malfunctions.

This is why it’s best to buy now. Before 2016 arrives there are so many specials, incentives, offers, price-cuts being offered on used cars, you couldn’t possibly find them all. But I guarantee you find one that works well for you. Just don’t wait too much longer because the good ones get sold fast, and the new year is right around the corner.

-Andrae Bergeron