Sometimes you don’t get to choose when you need to buy a new car, like if your current vehicle suddenly calls it quits and you need to keep up with your daily drive to work. But other times you’re able to plan ahead months or even a whole year, giving you time to prepare for the best potential deals on the vehicle you want the most.
Say you want a new Jeep. Maybe you’re a long-time enthusiast of the brand and want to add to your ongoing lineage of SUVs. Or perhaps you’ve always had your eye on a rugged SUV and are finally ready to make that dream come true. Whatever the reason, you have your heart set on a brand-new Jeep. Now the question becomes: When is the best time to buy it?
Here’s a rundown of some of the most advantageous times to purchase a new Jeep in terms of getting a good price and having your choice of available models.
Best Time To Buy A Jeep #1: End Of The Year
If you can wait until the end of the year, you may very well be able to score a new vehicle for less than average MSRP. This is because dealers are typically turning over their stock during this time, which means they want to clear out the old to make room for the new.
One vehicle analytics expert projected 10 percent savings for drivers in December 2020 and near 11 percent off average MSRP toward the last day of the year.
Best Time To Buy A Jeep #2: When Local/National Incentives Apply
Can’t wait until the end of the year or simply don’t want to? Keep checking local and national Jeep incentives. Depending on factors like your location, credit score and desired vehicle, you may be able to find a favorable lease or financing deal year-round.
Best Time To Buy A Jeep #3: On Or Around A Holiday
Like it or not, the major holidays in America have become synonymous with retail sales, and the auto industry is no exception. If you can find some time on the Fourth of July or Black Friday to head on down to your local dealership, you may be able to knock anywhere from a couple hundred to a couple thousand dollars off that MSRP. Don’t forget to consider the “less famous” holidays, too — like Labor Day.
Hot tip: You don’t need to actually wait for the holiday to start looking into financing options, though. Generally, the best plan of action is to walk onto a dealer’s lot with financing pre-approved. This way, you only have to finance through the dealership if it’s the best offer.
Best Time To Buy A Jeep #4: End Of The Month
What shoppers don’t always see is the salespeople trying to hit monthly quotas. Not only can quotas make the difference between how they are rated in their performance reviews, but it can also be a matter of whether or not those salespeople earn bonuses.
In other words: They may be highly motivated to clinch those end-of-month sales. The caveat is that it depends on the month — one month the sales team or individual may have already met their goals; the next they may be still actively trying to do so.
This same idea applies to the end of sales quarters, too.
There’s no bad time to buy a new Jeep, but there are some times each year when you may be able to access a solid selection of vehicles while also bringing down the price of the transaction.