There is a report out from TrueCar.com about the best days of the year for buying new cars. However, if you're in the market for a used car and you're buying it from a new car dealer, this info will help you determine the best days to buy a used car. You better act fast because six of the days happen before the end of the year.
These are the days and the correlating expected new car discount. (I see no reason you can't expect the same discount for used cars because those sales reps face the same pressures as new car sellers.)
- Dec. 24 7.25%
- Dec. 21 7.13%
- Dec. 31 7.04%
- Dec. 28 6.90%
- Dec. 14 6.86%
- Dec. 16 6.74%
By the way, you have to factor in these discounts when negotiating your price. Take prices available from Edmunds.com and KBB.com and then subtract 7% to come up with a price you are willing to pay. Trust me - dealers want to close the books on 2009 with sales.