Do You Want to Buy a Car for the New Year? Don’t Miss These Tips

The new year is a great time to make a positive change in your life, and buying a car for the new year is sure to be such a change.

As you may or may not know, January is widely considered to be the best month of the year to buy a car! Car dealerships are trying to clear out their old inventory and start off the year on a high note. Many times these deals even extend into the spring, so there is no better time than now to check out your local dealership and find the car you’ve been waiting for.

Here are just a few reasons why buying a car for the new year is a great idea:

Lower Prices reports that car prices drop during this period dramatically, as dealers try to get people into their stores to buy prior year vehicles. Dealers are often slashing prices on new and used vehicles alike, meaning that no matter what you are shopping for, you may be able to find a great deal. Lower prices across the board mean a deal is out there.

New Financing Programs 

In addition to lowering the purchase price, dealers also tend to offer lowered interest rates to induce more sales. Many dealers receive new financing programs and finance regulation changes may have gone into effect on January 1st, allowing dealers to offer terms and options that they couldn’t before.

Wide Selection of Close-Out Deals

In order to make room for the new model year cars, dealers tend to offer extra special deals on the previous year’s models, making now the perfect time to pounce on a brand new car at a fantastic price. If you want to buy a car for the new year, and do not need to have the very latest and greatest car on the market, the savings you get in return can be quite significant, leaving all the more money in your pocket to start the year off right.

Used Car Prices Drop, Too

These savings are not limited to new cars and the latest models. Used car prices tend to dip at this time of year as well, which is great news for those seeking to buy a used car this year. New or used, you are sure to find something to fit your budget, and may be surprised at how much you are able to get for your money just by shopping at the right time.

If you are one of the many Americans planning to buy a car for the new year, it’s time to take advantage of the deals out there for your benefit. Come in and browse the inventory at your local DriveTime dealership, or check out for the latest additions to our inventory of over 7,000 cars across the nation.

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