Cars that are sitting for months and months on dealer lots can come with large discounts that save you a ton of money. Here are 4 strategies you can use to get the best deal.
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If a car is for sale for a long time is does not always mean that there is a good deal to be head.
In a normal situation where car prices are decreasing there are a few strategies you can use to get a stellar deal and compensate some of that depreciation. In the upper segment we saw rgar discounts can be had in markets with a high carried over inventory rate combined with high price reductions on unsold inventory.
For all of these markets with a low carried over inventory rate but high discount percentage, it can pay off to pay close attention to the specific car you are interested in. If it has been sitting around for a while, you know that there is a good chance that there is some wiggle room in the price. Instead of waiting for the price to drop, it could pay off to simply talk to the seller.
Finally, we look at situations where cars are not selling and also not being reduced in price. These are the more risky purchases. You could get a good deal as the market is gaining strength, but also end up overpaying. Doing market research to understand the price trend and drivers is key.
When it comes to the strong markets, it is of course very difficult to find extraordinary deals. Prices themself hardly display any winter dips but price changes for unsold inventory do. You should then also look for cars than have been for sale longer than average and are still for sale in the winter.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.
25 июн 2024
