Should you buy a car on Black Friday or Cyber Monday?
The weather may be getting colder, but that’s not going to stop you from getting a hot new ride.
On Black Friday and Cyber Monday, retailers roll out some of their best deals of the year. This also applies to auto dealerships.
Why is the weekend after Thanksgiving such a good time to buy a car?
Car dealerships are fighting for your attention
Black Friday weekend is the busiest retail extravaganza of the year. Every retailer entices you with deals, sales and advertisements, trying to convince you why to spend your money at their establishment. Auto dealers are no different – they want a piece of that Black Friday pie.
Thanksgiving is also at the end of the month – another great time to buy
Sales people at dealerships need to hit monthly quotas. When they hit them, they receive financial bonuses. In order to meet the quota, they’re often willing to take a hit and reduce the price of a vehicle because their bonus will earn them a lot more money.
Dealers want to clear their lots
As the 2020 model year comes to an end, dealers are in a rush to get old models off their lots to make room for new inventory. Now that it’s late into the fall, you can expect to see steep price cuts on older models on Black Friday weekend.
Should you buy on Black Friday or Cyber Monday?
If you want to buy a car, you should stay home on Black Friday. A lot of people take off work this day, and dealers will be slammed. Instead, do your shopping online on Black Friday (or Saturday or Sunday). On the dealer’s website, ask them for more information about the price of the vehicle you want.
On Cyber Monday, when the dealers will have a ton of online inquiries, you’ll already have a price and be one step ahead in the negotiating process. You’ll be able to set up a test drive
Need financing? We have you covered.
We offer low rates and flexible terms (up to 84 months) on auto loans. In fact, rates start the same on new and used models up to five years old.
Before you visit a dealership, visit us or apply online to get preapproved for your loan. Learn why getting preapproved is important and how it gives you the upper-hand while shopping.
Did you know that more than 200 dealerships in Missouri and Illinois offer on-the-spot Arsenal financing? When you visit one of these locations, don’t get talked into any other “deals” offered; insist on Arsenal financing.