Chances are you’ve heard the advertising fanfare heralding the arrival of Black Friday car deals.
It’s that time of year when automakers jump at the chance to offer deep discounts and savings on shiny new models.
But did you know it’s the best day of the year to find a deal on a pre-owned vehicle?
That’s according to research that shows Black Friday has 33.1 percent more deals on used cars than average.
The day after Thanksgiving tops the 2016 list of best times to buy a used vehicle put together by iSeeCars.com, an online search engine for cars.
iSeeCars.com analyzed 40 million used car transactions, taking place between 2013 and 2015, to discover at which times there were more deals than average. A deal was classed as a saving of five percent or more.
Perhaps you’re looking for a capable SUV as we enter the holiday season, to carry you through the winter weather.
You might have your eye on a sporty coupe in which to have fun.
Whatever vehicle you have in mind, searching for deals on Black Friday may save you a sizeable amount of money.
How to save time at the dealership – another good deal
Dealerships are likely to busy on Black Friday, but there are ways to save time and effort during the car-buying process. Consider applying for a preapproved auto loan before you shop for a vehicle.
Online auto lenders like RoadLoans enable you to apply for financing from home, work or your mobile device and get an instant decision.
If approved, you’ll know the terms of your auto loan before you even enter the dealership, so you won’t have to talk financing while you’re there.
RoadLoans works with a network of 14,000 auto dealerships across the country offering high quality new and used vehicles. You’ll see recommended dealers nearby within your loan packet. Or you can use our dealer locator to search for alternatives.
If you’re planning to shop for Black Friday car, truck or SUV deals, apply for preapproved financing with RoadLoans.
Apply for a car loan and get an instant decision.