Labor day usually mark a time of change as it normally falls around the end of summer, for car buyers, this is about the best time of the year to go shopping for your preferred car. During this period, most 2019 model cars are arriving at dealerships and dealers are looking to clear out 2018 models to create space for the arrival of new model vehicles. This, in turn, can mean sales and easier monthly payments on your car loan!
This make it a perfect time to go shopping for a car because these cars go for a discount during this period of the year. Most dealerships across the country are offering sales events for short period of time.
It is a smart move to apply for auto financing before you go shopping at your dealership, this approach is recommended by the Consumer Financial Protection Bureau. If you are approved for an auto financing, you would have saved yourself the need to start arranging for financing at the dealership. You can save more by shopping round for the best financing deal that will suit your situation.
You can walk into any bank, credit unions, lender office to apply for an auto financing. However, it will make more sense if you go directly to lenders who specialize in providing auto financing for consumers.
This will save you a whole lot of stress that you will likely undergo if you walk into any bank or other financial institutions because most of the banks find it difficult to loan money to individuals because of the risk that is involved.
Hence, it is better to save yourself the stress by applying with an auto lender or an auto financing company.
Most of these auto lenders work hand-in-hand with dealerships in their network to provide auto financing for their customers. This will afford their customers to have the options of selecting from the dealerships in their network a dealer that will be able to give them the best deal.
If you are looking to get a good deal on your auto purchase, then going for your car shopping on Labor Day weekend will be a great idea.
Advantages of Shopping for a Car on Labor Day Weekend
· It is a time when new models are coming out and dealers will be looking for opportunities to clear out old models at discounted prices.
· Lots of people go shopping on this day and as a result of dealers are trying as much as possible not to lose you to competition during this vital sales weekend.
· There are lots of sales promotions and sales events during this period and prices are likely to be on the low.
These are some of the reasons why it is a great idea to go shopping for a car of your choice during labor day weekend. You will be spoiled for choices with dealers competing among themselves for customers to clear out models and have space for new models coming in. Cease this opportunity to own a car of your dreams.
Learn more about car buying via https://www.nerdwallet.com/blog/loans/how-to-buy-a-car/.