 Good time to buy a car.
Is October the best month to find a deal on a car ? Experts say now is a great time to buy a 2010 model.
October is the month when the 2011 models are starting to hit most showrooms. “Most of your factories are going to work on an allocation basis and the more vehicles you can move, the quicker you’re going to get room for the new models coming in. So, it’s always to our advantage to eliminate as much as we can in the prior model year,” said Neil Gelbert, Sales Manager for Folger Subaru.
This year there’s another factor leading more consumers to consider buying new. Edmunds.com says the average price of a late model used car has gone up by around ten percent. That’s due to a high demand and a lower supply of used cars.
If you’re in the market for a 2011 model, experts say you don’t need to rush. Depending on what you’re looking for you may find more deals later in the year.
No matter when you plan on buying a new car, Edmunds.com says one important thing to consider is the car’s resale value.
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