Is there ever a perfect time to buy a new or used car or can you make the investment anytime? With the automobile industry booming in India currently, people are buying cars of all types, sizes, and prices. While most people believe there isn’t any particular month to buy a car specifically, professionals say that January is the best month for a number of reasons. Here are seven of the best valid reasons to buy a car in January.
Slower Retail Month
During the Christmas holidays, retail sales are at an all-time high buy after that, in January, people tend to spend less. Knowing this, car dealerships begin putting out bigger deals and lower their prices significantly in an attempt to attract buyers. Although these offers do remain throughout the winter period, it is in January when the deals are first announced. This does not only apply to automobiles alone as the entire retail industry introduces discounts on appliances, electronics, and more.
Better Deals on Luxury Models
Normally, the idea of buying a convertible or a shiny new sports car would require some extra thought, not to mention, a lot of extra cash. But, come January, and luxury car dealerships also start offering great deals. One factor behind this is that buying a convertible in the winter is quite unlikely which means dealerships have to push harder for sales and to do that, they introduced bigger deals on older models. Sports cars are the same, as driving a car that can reach 300kmph on icy roads makes no sense.
Surplus Inventory
It is around October when new car models hit the dealerships. This means the older models are given first priority, in terms of sales. As the holiday season begins in October, dealerships start creating discounted offers and deals for their older models that target the new year. These offers are usually at their highest during January-February. In order to get rid of the previous year’s inventory, these dealerships push their older cars with massive discounts.
Opportunity For Premium Cars
As mentioned above, January is the perfect time to get great deals on older cars, but it goes further than that as well. Many of these dealerships also have pre owned cars that sell better in January. With second hand cars, you can actually opt for high-end or premium models for the same price as a new entry-level car. It is easier to get your hands on luxury models as well during the winter months as dealerships usually put the biggest offers of the most expensive cars in a way to attract buyers.
Affordable Older Models
If you are a buyer who enjoys older cars, January is the best time to do some research and get your hands on one. Most of the dealerships offer older cars at unbelievably low prices which makes them extremely attractive to interested buyers. While the dealerships don’t normally advertise their older models, they can be requested from a usually large lineup. Not only do these cars carry extremely low price tags, but they can offer durable features and high-quality design.
Options. Options. Options
Whether you’re in for a used car in Mumbai or a brand new one in Delhi, January is the perfect time to make the investment because you can find a lot of options in the market. With the competition being as competitive as it already is, finding your preferred car in January will be extremely easy. This is when all, or most of the brands at least, begin putting out incredible deals and since each one is trying to outdo the other, you can rest assured that you can get a brilliant deal on any model.
It’s a New Year
At the end of it all, the most convenient reason to buy a car in January is that it’s the start of a new year and there’s nothing better than something new in the new year. And with all the other factors coming together, January is definitely the best time to make an investment in the automobile industry. As most people make resolutions for the coming year, buying a car in January can be one of the smartest resolutions of all.
There are a lot of advantages to buying a used car, or even a new one, in January and these 7 reasons are some of the best. Although car dealerships have regular sales and special deals on their models, the post-holiday period brings in the biggest deals and lowest prices. So, if you are planning on buying a car, or if you know of anyone who is planning on making that investment, you can save yourself a lot of money by choosing January as the month to make the purchase.