Car Buying Tips: Various carmakers are selling their vehicles at a discount towards the end of the year. All CNG, petrol, and electric vehicles are discounted till December 31, 2023. Discounts on cars include cash discounts, exchange discounts, corporate discounts, and exclusive deals. Whether you wait until January to purchase a car at a reduced price or to take advantage of the year-end discounts in December is a dilemma that frequently crosses our minds. in this article, we will try to answer this question for you.
Car Buying Tips: When to buy a car?
Businesses are compelled to get rid of outdated inventory in addition to offering steep discounts. Before the new year arrives, the companies want to sell as many of the outdated models as possible. To achieve this, they offer steep discounts and concentrate on clearing out their inventory.
Car manufacturers frequently raise their costs around New Year’s Day, which makes purchasing a car in December somewhat more affordable. For this reason, a lot of people opt to purchase a car in December.
Car manufacturers also capitalise on the festive spirit of December, which is evoked by the celebration of Christmas and New Year’s. People frequently receive seasonal discounts in December in such circumstances, making it an excellent time to purchase a car at a reduced cost.
Cons of buying a car in December
If you plan to sell your automobile after a few years of driving it, it’s advisable to purchase one in January rather than December. An automobile bought in December has a lower resale value.
It all comes down to your personal preference and needs, if you want to get a car in December or January is totally up to you.
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