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Why August is the best time to buy a new car

When you’re looking at changing your car, no matter if it’s a brand new or used vehicle, you want to get the best possible deal. But when is the best time to buy a car? Here at Go Car Warranty, we’ve taken a look at car deals across the year to reveal that the best time to buy a new car is in August.

Why is August the best month?

Twice a year, the DVLA will start issuing new number plates to cars – in March and September of each year. For example, in 2018 with had the ’18 plate’ and will soon have the ‘68’ plate. For many consumers, buying a new car is about getting the latest model. Having an older number plate can affect the value of the car, so if your worried about depreciation, then you will wait for the new number plate.

But, if you are more interested in getting a good deal on a new car, heading to the forecourt the month before the number plate changes.

Deals  galore

Dealers want to ensure that the cars on the forecourt are the most enticing. Having lots of cars with out-dated number plates is not a good look. Plus, dealers will have targets they have been set to hit each year.

So to entice you to buy before the number plate changes, they will have lots of offers available. This can be a reduced price, or a greater package of perks such as extended warranties or servicing. If you factor in a good part exchange, you can save a lot of money on a car that would be much more expensive just one month later.

Why not February?

February has some good deals, but it is also the month after January, where most pay packets are stretched in the long gap between the Christmas payday and the end of the month. In August, you should have more money available.

published: 10/08/2018 14:47:18

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