Buying a used car can be a big deal, and it’s likely that many end up spending more than they need to. If you want to save some good cash, then timing is the key! This research based article will help you find the best time to buy a used car in Canada, with a special focus on Saskatoon.
Seasonal Steals
Year End or New Year Sale: As the year draws to a close, dealerships try to get rid of old stock so that they can make more room for new models. This also results in huge discounts on used cars. December and January are typically good months for finding the best deals, particularly in Saskatoon, where cold weather may discourage some buyers.
Spring and Summer: This is the time of year when car sales are normally the highest. Although there may be increased competition, you can still find some real steals. Be on the lookout for the type of older models or cars not moving too well off the lot. Try to get to Saskatoon used car dealerships during the week or early in the month to avoid weekend rushes.
Holidays and Hustles: Special Day Sales
• Labor Day: This holiday weekend often marks the beginning of the fall sales season. Very many dealerships will offer some themed promotions with discounted prices that aim to attract prospective buyers. Keep looking out for Labor Day Sales Events in Saskatoon.
• Black Friday and Cyber Monday: These post-Thanksgiving shopping days are not all about electronic products. Some car dealerships have gone along with the trend to offer special used car deals. If you are comfortable online, there could be a great deal waiting for you on websites like AutoTrader.ca.
Economic Factors
Recessionary Periods
People may think, selling a car during recession period is bizarre! But when times are tough, people might hold off on buying new cars. So, the demand for used ones can skyrocket. In turn, this rise in demand may pump up the prices of used vehicles. And dealerships might also slash prices to get rid of stock. Chances are that – you might get lucky!
Interest Rates
If the interest rates are low, then financing a used car will become cheap. Monitor the trends in interest rates and plan a purchase when the interest rates are low.
Particular Factors to Consider in Saskatoon
Winter Weather:
Severe winters can indeed drain the life out of the vehicle; hence, make sure you check it for any sign of winter damage, which can be rust, corrosion, or even problems in the engine.
Local Market
: Do some homework regarding the used car market in Saskatoon. This will allow you to get a sense of what is expected for a price and what is available. Maybe you may want to visit a few dealerships to compare what they offer.
Effective Negotiation:
Effective negotiation can help you nail a better deal. Do your homework, be aware of the fair market value of the vehicle to be pursued, and also in a position to walk away if the offer isn’t good.
More Tips when Buying Used Car in Saskatoon
Certified Pre-Owned Vehicles:
You might want to go for a certified pre-owned vehicle while purchasing a vehicle from the dealer. Most of the time, this type of vehicle is eligible for warranty and is checked in terms of quality.
Online Marketplaces:
Online market places like AutoTrader.ca and Kijiji.ca are good sources for used cars in Saskatoon. However, you need to be careful while going for a private seller.
Obtain Vehicle History Reports:
Always obtain a vehicle history report prior to purchase to check if it has had serious accidents or a salvage title.
Test Drive:
Always take a test drive with a vehicle to see that it really serves the purpose expected of it by studying performance on the engine, transmission, brakes, and general performance.
Financing Options:
Shop financing options from different lenders in order to secure an interest rate and terms that would serve one’s best interest.
Keeping all these factors in mind and using basic tips will help you get the best value for the best price on a used car in Saskatoon. Again, patience and persistence are the keys to finding the best vehicle for your money.
