Which day of the month is best to buy a car?
The last few days of the month is generally a great time to buy a car. Most car dealers will be looking to boost their monthly sales targets – if they’re behind on their goal, then they might accept an offer they wouldn’t have earlier in the month! As for which day of the week to go in, Monday is usually the best day of the week to buy a car since showrooms will be the least busy, said MarketWatch. However, Tuesday or Wednesday can also be a good bet, especially in areas where dealerships aren’t open on Sundays, said Edmunds.
What’s the oldest used car you should buy?
How age affects depreciation and value. The sweet spot for used car buying is typically between 2-5 years old. During this period, cars have already undergone the sharpest depreciation (about 20-30% in the first year alone), making them significantly more affordable than a brand-new model. Evaluating the depreciation impact to maximize savings on a used car, it is advisable to seek a vehicle that has already weathered its most significant depreciation hit, which generally translates to a car that is at least 2 years old, preferably falling within the 3 to 4-year-old range.When shopping, is there a best age for purchasing a used car? Cars are usually reliable for up to five years if they’ve been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn’t been cared for as well.Well, it depends. You should understand that maintenance records are often a better predictor of long-term reliability for a used car, regardless of how old it is or how many miles it has. A well-maintained older car with high mileage can be a better option than a low-mileage younger car with no service history.