Best Time and Place for Buying a Used Vehicle

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Time and place are essential factors when making the most important decisions of our lives. A good time and place also applies to buying your dream vehicle. Sweet deals and the best prices unveil themselves at different times of the year, coming and going with seasons and the holidays.

Keeping track of special opportunities, and knowing the best times to go to a public car auction in Las Vegas to buy a used vehicle at an affordable price, will save you a lot of money. Additionally, knowing the best time to take advantage of the supply-demand flow in buying used cars will make it easier to negotiate with dealers.

Supply and Demand

The rise and fall of used car prices largely depends on supply and demand. The higher the demand for a type of used car, the higher its price and in some cases lower its supply. In the same way, the lower the demand for a type of car, the lower its price. Therefore, it is best to target times when the demand for your preferred car type is low, and the supply is less scarce.

A decrease in demand for a type of car usually indicates a generally low interest in the car at that particular time of the year. For instance, there is an absolute low demand for convertible cars during the winter. No one wants to drive a roofless car at a low atmospheric temperature, especially when it’s snowing outside.

The logic is simple: used car prices are lowest when people do not want them, and that’s the perfect time for you to take advantage of the market and get your dream car at a more affordable price.

Without further ado, here are the best times to buy a used car:

Before and after the introduction of new plate numbers

Buying your car in March and September after a new plate number has been introduced is your best chance at getting one of the best car deals. The new plate numbers mean many people want to change their old, fairly used cars to new ones.

Also, before new plate numbers are introduced, dealers will want to get rid of old inventories to give room for new upcoming stocks.

During Off seasons

As mentioned earlier, one way to save money while buying a car at an auction is by leveraging time and season of the year. Convertible cars always rule over the road during the summer. They don’t sell very well during winter periods. Therefore, you have an edge and more negotiating power when buying a used convertible car in winter.

Also, SUVs and 4×4 cars are the most appropriate option for protecting you and your kids from low temperatures during winter. Therefore, you can save a lot of money buying an SUV when its demand is low in the summer.

End of the Month or Year

Another time you can look to buy used cars is at the end of the month, at the end of each quarter of the year in March, June, October, and December, or at the end of the year. This is because car dealers need to meet certain quotas during these times. Therefore, you can take advantage of that and help the dealer meet their quotas while you cut the price lower.

Holidays and Special Promotions

Holidays usually result in low marketing activities and low demand for car dealers. Therefore, it can be a good time to land a great car deal. Also, consider purchasing your new or used car while amazing deals and special promotions are going on. These events include Cyber Mondays, Black Friday deals, boxing day and memorial day deals.

Best Places to Buy A Used Car

Now that you have an idea about when the best time is to go hunt for your ride, it’s time to pick the best place to get it. While there are many car auction websites out there, most fall short when it comes to quality services.

If you want the best value at an excellent price, you should choose the best vehicle auction company. Here are the top five places where you can buy used vehicles:

1. SCA Auctions

SCA is a leading insurance auto auction company in the US and North America. With more than 170 locations throughout the US, SCA has more than 300,000 inventories coming from bank repos, dealerships, abandoned vehicles, insurance auto auctions and more. Therefore, if you need a car auction in Las Vegas or other places in the US, SCA is your best shot. INFINITI Jacksonville is another reliable dealership for purchasing pre-owned and used vehicles. 

As a long-standing auctioning company, SCA boasts a partnership with IAA bringing over 160 live auctions online to their users worldwide weekly. All you have to do is participate in their online pre-bids, live bids, or buy right away to get your dream ride delivered.

2. Capital Auto Auction

Capital Auto Auction is another long-standing vehicle auction company with expert professionals ready to care for your car needs. Meanwhile, you can enjoy good price cuts on a wide range of inventories from cars to trucks, SUVs, RVs, or motorcycles.

You can also show up during their periodic auctions or participate in their online events right from your internet-enabled device.

3. Carriage Trade Public Auto Auction

With more than 41 years in business, Carriage Trade started as a small used car trading company in Pennsylvania and has grown across the US with its professional car auctioning services over the decades.

Carriage Trade rolls out more than 500 vehicles in their weekly public auction held in Philadelphia, Pennsylvania and online.

4. Classic Car Auction

Based in California, this auctioning company holds two of the largest car auctioning events in Palm Springs. These events feature more than 500 classic and luxurious rides. They also have a big classic car showroom where you can get the best deal on the go. You can find your next classic car collectable during their annual auctions which are held throughout the year.

5. America’s Auto Auction

America’s Auto Auction offers the full spectrum of car dealership services, providing an easy-to-use platform where car buyers and sellers can get the best service at a good price.

Meanwhile, their wide range of inventories include but are not limited to bank repo vehicles, classic and exotic cars, and RVs. They are auto expert professionals ready to take care of your needs and put you through the process.

Conclusion

Buying a used car in an online or a physical car auction requires you to keep ahead of the game by researching the best time and place to get the best deal.

Once you know what you need to succeed, continue to research prices and build your bidding strategy. Also, look out for unexpected deals and promotions. Make your move when demand is low, during holidays, off-seasons, and other special times of the year.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.