The UK’s automobile industry adds £15.3 billion annually to the economy, as people buy cars every day. However, the question often arises concerning whether timing really makes a difference when buying a new car. It does, to some extent, and getting it right can save you a substantial amount of money. Below are some points to help you plan strategically before purchasing your vehicle.

When there are model changeovers and upgrades

In the UK, new car models are released onto the market in September and October. According to a survey conducted by Auto Express UK, more Brits tend to buy these new releases either on loan or outright. However, this is an opportune moment for the more strategic buyer to purchase a previous or older model. In a quest to remain relevant, car dealers responding to the consumer rush are in a hurry to sell off previous models to make way for a newer one; most of them resort to offering discounts on their previous car models. This usually happens at used car dealerships.

Offering discounts is a quick way to draw attention to a product. It’s also widely used to boost sales and convince buyers of a cost-effective deal. Sometimes, the differences between an old model and a new one are:

• Slight variations on the exterior
• A variation in interior colours and other features
• An enhanced engine and battery performance

Nonetheless, these variations don’t make previous car models any less useful. As a matter of fact, it only creates a platform to sell them quicker and at discounted rates.

Seasonal deals

Car sales tend to record a perennial slump in the new year and throughout January. Most consumers prefer to start getting their finances right for the year and stay away from substantial investments. This inadvertently results in a slow season for car dealerships. To your advantage, it’s easier to negotiate the price at this time.

Secondly, is the SUV your choice of car? If so, avoid buying it in winter because demand is usually high in that period. Therefore, wait for the spring or summer for better deals. In the same way, if it’s a convertible you need, do so in winter rather than in the summer or spring. Moreover, finding the best dealership, such as Georgesons car sales is key to getting what you need. 

Buy a previous-plate car when new number plates are released

Every year in the UK, March and September are designated as periods for launching new number plates. More so, because several customers desire to have these fresh and new number plates on their registrations, car dealers record high numbers at this time. To avoid the rush, resist visiting the car dealership from around March 1 to 10 and September 1 to 15.

Any other dates outside these ranges will be perfect for purchasing your car because high demand has diminished. The idea behind waiting is to allow for previous-plate vehicles to be discounted in the face of competition from newer plates.

In effect, the best time for buying a new car will largely depend on the model you’re looking for and your financial muscle. Avoid rushing to purchase one simply because demand is high, and others seem to be picking the best models. Remember that even in buying your car, patience is a virtue you will find beneficial.