Memorial Day weekend kicks off the “big sales event” season for car dealers from coast to coast. And of course, the typical Memorial Day sale runs longer than just those three days.
May happens to be one of the best months to get a great deal on a car, especially if you want to avoid paying full sticker price.
Here are the reasons why you should consider buying a car Memorial Weekend…
End Of The Month Dealership Quota
Memorial Day weekend happens to be at the end of the month which means big savings!
The end of the month is generally the best time to buy a new car. Automakers typically set monthly sales goals for dealers, and, in turn, dealers set monthly sales goals for salespeople. Sizable bonuses are on the line for dealerships that attain those targets.
Manufacturer & Dealership Offers
Auto manufacturers always take advantage of Memorial Day Weekend to showcase some of their best deals.
You’ll find great lease terms, low-interest financing deals, and some cash back incentives across a wide range of categories and models.
It’s always a good idea to check with your local dealership to confirm that these deals are available in your area, since manufacturer-backed lease, finance, and cash back offers can vary around the country.
Price Reduction On Current Year Models
Buyers are likely to find a good selection of 2019 models that dealerships will be eager to unload to make way for 2020 versions that start arriving in the summer.
Even if a car isn’t redesigned or significantly changed for the new model year, dealers will always find it easier to sell “next year’s model” than last year’s, and that means they’re more willing to give out discounts on remaining inventory.