Attention new car shoppers: if you want to get the best price on your next luxury car, you need to know the latest deals.
Auto dealerships are starting to heavily shift ad dollars online, meaning the best deals may not show up in your local newspaper. Besides, why would dealerships advertise the cheapest prices to everyone when they know certain consumers will be more likely to overpay?
Don’t be one of those easily tricked consumers. You could save thousands if you know what’s happening in the world of car companies and their competition.
Luckily for new car buyers, dealerships may not have much choice soon other than to sell cars at rock bottom prices. Dealerships are desperate to sell more cars–and they have to do so for less. Car inventories are piling up across the country, and car dealerships need their batches of this year’s models sold ASAP. In 2018, new car sales are down by 3%, or by about 150,000 cars.
As increasing numbers of 2018’s newest releases roll onto dealership lots this month, prices on current model year cars are continuing to drop. Dealerships need to hit their sales goals, and they need to make room for next year’s models.
So what does that mean for you? Lower prices and more car options. We’ve already seen record levels of incentives totaling $3,000 to over $5,000 in cash back rebates on some car models.
Think You Can’t Afford A Luxury Car? Think Again!
Yes, luxury cars don’t always come cheap, but you could still drive that car off the lot with an affordable lease! Because of excess inventory, there could be some amazing leasing deals available right now. Did you know some luxury dealerships might be offering leases for as little as $300 a month? If you don’t look more closely, you could be missing out on some deals of a lifetime.
There may never be a better buyer’s market than right now. Smart consumers are taking advantage of this to get amazingly low prices from car dealers who are just as willing to give you a great price.
How To Find The Best Deals
Don’t wait this period out–you’ll end up spending more money on the exact same car down the line.
Instead, do your research and find which are the best deals available in your area. You can easily do this with a quick online search. Read up on how many models dealers need to sell. Learn what others in your city are paying for brand-new cars. Understand the rebates, incentives, and special packages offered by automakers. Then, walk into your dealership knowing exactly how low they will go on a price and demand that deal.