young girl researching year end used car deals

As 2017 comes to a close, new and used car dealerships are looking to clear out inventory and finish the year on a high note. If you’re interested in buying a used car before the year’s end, that gives you the opportunity to drive into 2018 with a new ride at a great price. 

Why is year-end such a good time to buy a used car? Early in the fall, car lots are choked up with unsold 2016/2017 models. Now, dealers want to get rid of the remaining inventory to make room for new inventory. This points to big potential savings for year-end buyers, mainly on outgoing models.

Tips for Saving Money on Used Cars

Here’s how to get the best deal possible:

  • Build a target list of cars. If you’re shopping for the lowest price, locate several different cars and monitor them regularly to see if they’ve sold. As the new year approaches, if they’re still on the lot, the dealer may take a lower price.
  • Consider redesigned models. Two strong sellers, the Toyota Camry and the Honda Accord, tend to get redesigned every few years, so the older models should have an affordable price tag. Generally, following a redesign, the previous year’s model is perceived by some as less desirable because it lacks some newer features. For those who don’t need the newest bells and whistles, this creates a nice opportunity.
  • Get pre-approved. For shoppers with less than perfect credit, it’s best to get pre-approved for a loan before going to the lot. At Auto Action, we make this simple by offering an online pre-approval. So you can know if you’re approved before you even walk through our doors!
  • Don’t be afraid to negotiate. But this time of year, prices become highly variable and unpredictable as dealers scramble to meet year-end quotas. Waiting until New Year’s Eve is a gamble, but you could save money in the long run!

Get Approved for Bad Credit Auto Loans Phoenix AZ

With our “Buy Here, Pay Here” financing options, we can help you buy a quality used car! We offer in-house financing, as well as bad credit auto loans Phoenix AZ residents can rely on. Don’t let credit issues get in the way of you getting the used car you need and deserve. Check out our last blog to learn the top 3 reasons to buy a used car from Auto Action!