If you’re buying a car this month then Presidents Day could be the time to do it. A range of deals including cash back and lower prices make a buyer’s dollars go further, and set them up nicely for the year ahead in their vehicle of choice.
Deals are available on both new and used cars and, besides holiday weekend sales events, there are added reasons why you may be able to walk away with a sizeable saving. Auto dealerships could be more prone to sweeten deals if recent snow and cold weather have kept customers at home, while February is the shortest month with fewer days for sales teams to meet their targets.
Once at the dealership, here are some shopping tips to keep in mind:
- New vehicles of the previous model year may offer particularly good deals as dealerships look to sell them more quickly than the latest model-year versions. The same applies where a vehicle has been redesigned or updated – the previous generation may come with a larger incentive.
- A tax refund could make a useful down payment on a car to lower its purchase price and financing costs further.
- Even with offers in the air, remember you can still negotiate price to get the best deal possible.
- Some offers extend well beyond Presidents Day so you don’t have to commit to making a purchase over the holiday weekend.
Find a dealership and get preapproved
Use the RoadLoans dealer locator to find a friendly auto dealership, then check out their inventory and see what deals may be available. Take a few minutes to apply for financing online before you go, too. If preapproved for an auto loan, you can compare it to any financing offers you receive at the dealership. Approval from RoadLoans is valid for 30 days with no obligations.