Best Time To Buy A Used Car in Kerala

Owning a car is no longer seen by many as a luxury but rather as a necessity. There has really been a rise in the acceptance of purchasing second-hand cars that are reasonably priced. Purchasing used cars in Kerala may be a wise financial decision since it provides a more cost-effective option than new cars without compromising quality. However, the time of your purchase might have a big effect on the bargain you get. Finding the ideal time to purchase a used car may have a big influence on the choice and cost of the car you seek. This post will go over when it’s best to buy a used car.

Best Times Of The Year To Buy A Used Car

Here’s a breakdown of the best times of the year to buy a used car, based on trends, dealership cycles, and buyer advantages:

End Of The Year (October To December)

The months of October through December at the end of the year are ideal times to purchase second hand cars in Kerala. Car dealerships are seen to be selling off of their inventory of outgoing models at the end of the year. Additionally, there are several festivities around this time. Therefore, when the dealerships begin to receive new models, you may anticipate excellent rates and discounts on outgoing models. Therefore, buying a secondhand car towards the end of the year might result in significant financial savings. Additionally, dealerships have annual sales targets that they must achieve. Consequently, companies could be more inclined to sell used cars at a discount towards the end of the year.

End Of Each Quarter (March, June, September, December)

In the last weeks of a quarter, which are March, June, September, and December, you may get some of the finest deals on used cars. This is because a lot of companies, especially car dealers, are under pressure to meet their sales goals at these times. You and other consumers gain the most when dealerships concentrate on hitting their sales goals and sales staff work hard. This makes it possible to get extra savings and incentives when buying a secondhand car.

Beginning Of The Week (Monday To Wednesday)

The weekends are when car dealerships will be more engaged. To obtain the best prices on the vehicle you want to purchase, it is advised that you visit car dealerships early in the week. Weekdays will also see less customers, which means you’ll receive superior service and most likely great deals.

End Of The Month

It is usually preferable to buy a used car closer to the end of the month. You have a higher chance of getting a better bargain because car dealerships are typically keen to reach their monthly sales objectives during this period. Dealers may provide enticing discounts or incentives in order to meet their quota, which is a wise choice for purchasers. Although it makes sense to buy towards the end of the month, knowing when to buy a used car can help you take advantage of even greater discounts and seasonal advantages.

When To Avoid Buying A Used Car

Periods Of High Demand

It is advised to stay away from periods of strong demand for automobiles because these periods frequently result in price increases. This includes the summer, when pleasant weather raises borrowing expenses for used cars purchased for trips and holidays.

When A New Model Year Begins

Generally speaking, there is little incentive to provide discounted rates or other buyer benefits because new models are in high demand.

During Spring

Tax refunds and warmer temperatures attract large numbers of purchasers. Dealers are significantly less inclined to cut their prices when there is such significant demand.

Following A Natural Disaster Or Economic Crisis

Steer clear of purchasing a used car following serious events such as natural catastrophes or recessions. This is because there could be a shortage of supply this time, and the stronger demand for used cars could result in higher costs.

Best Situations For Private Seller Deals

A private used vehicle dealer might be a suitable choice for those who are relocating or upgrading quickly since they frequently want to sell their car quickly to avoid the cost of storage or the headache of working with a dealership. This may result in a faster transaction for the vendor and a little lower cost for the buyer.
It might be advantageous for both buyers and sellers to list a private used car just after a significant life event or holiday. Buyers could have more energy and time to search for a new car after the festive bustle or after an event, and sellers might be more motivated to sell their car as they move on to other phases of their lives.
Being based on “usership” rather than “ownership” of a depreciating asset, private car leasing is a convenient way for you to drive the newest model and continue upgrading every three to five years. You and the car leasing firm sign an agreement that permits you to lease a car, use it for a certain amount of time (usually two to five years), pay according to usage, and return the vehicle at the conclusion of the contract.

Tips To Get The Best Deal Anytime

Determine the type of car that best suits your needs and create a shortlist of suitable used cars to purchase. Choose the deal that best fits your requirements when the time comes.
Many advantages are provided at the end of the financial year (March–April) and the calendar year (December), and prompt negotiation can produce even greater advantages.
Before making a purchase, do extensive research using online resources. Examine the prices and salient characteristics of several models.
Shop over the holidays or at the end of the month or quarter to get the biggest discounts.
To get the best rates, it is advisable to look at a variety of financing options.
To save money, always enquire about trade-in options, reward schemes, and current discounts.

Conclusion

When it comes to purchasing a used car in Kerala, timing is crucial since you can save money and locate the ideal car for your requirements by being aware of market trends and understanding when to search. You can obtain the greatest bargain whether you’re purchasing from a private seller or a dealership by researching the product and being ready to haggle.