4 reasons January is a great time to buy a car

A new year often brings a time for change, reflection and making plans, so if you’ve had your heart set on doing something different, why not start in the new year? For some, January is a great time to have a clear out, and for others, this month is the perfect time to purchase something that they’ve had their eye on for a while – especially if post-Christmas prices mean they can receive big discounts!

Although it’s true that people do tend to hold on to their money in January after the expense of the festive period, this month can in fact be the best time to buy more expensive items, such a car. If you have been contemplating buying a new vehicle, we’d recommend taking advantage of the seasonal factors affecting the car trade – choosing to buy a car at this time of year could save you thousands of pounds. If you find that you still can’t quite cover the cost of a car after discounts, don’t hesitate to reach out to the likes of Go Car Credit for a loan.

Here are 4 reasons why January is the best month to buy a car.

Car dealers will be willing to cut deals

January can be a slow month for retail, but car dealerships still need to make money. Therefore, you may find your dream car for a great deal throughout these few weeks. Dealerships will be under pressure to hit targets, meaning that you’ll reap all the rewards of lower prices!

Out with the old…

‘Old’ car models from the previous year will need to be sold to make room for the new ones. If a car doesn’t get sold more than a year after its debut, buyers could get it for a steal.

Flashy cars won’t be as popular in the winter

Are you on the lookout for a new flashy motor? If you’re looking to buy a convertible this year, these tend to be more popular throughout the summer months – meaning that you could find the price tag a lot cheaper throughout the winter season.

The used car market is quiet

January is also quiet for the used car market. Cars aren’t much of a priority for people post-Christmas and New Year, so private sellers will be keen to make a deal to get rid of their motors in order to buy themselves a new one.

If you’ve been car hunting, you won’t have long to wait before taking advantage of the deals January brings.