BEST TIME TO SHOP FOR WHEELS
KEEP the “woe, woe” out of your “ho, ho” when buying a car this festive season!
What if all you want for Christmas is a car?
Here are the five important things you need to know when shopping for wheels over the festive season:
1. Buy on auction right now According to Darryl Jacobson, managing director of True Price, auction houses close mid-December. Dealers attend vehicle auctions to source stock. “These auctions are not closed to the public. Members of the public are welcome to bid against the dealers, thereby saving the dealer margin.”
2. Avoid shopping for student or entry-level cars
If you’re looking to buy an inexpensive (sub-R150 000) car, don’t shop now.
This is probably the worst time of the year to be shopping for one of these cars.
The market is flooded with buyers — especially parents who are buying a car for their children who are about to enter university.
“Thanks to this demand, you will pay top dollar,” Jacobson warns.
January is a better time to buy one of these cars. It is traditionally the quietest month at vehicle auctions. Sellers will be hungry to make a sale, meaning you will get a better deal.
3. Go for an expensive car December is the best time to buy a more expensive car.
Dealers try to liquidate their stock before year-end. The last thing that they want is a high-end car sitting on their showroom floor.
In November, the new car market registered a decline of 1 764 cars (or 5,4%) versus the 32 818 new cars sold in November last year.
The dealers will be looking to bounce back in December.
There are usually lots of specials on high-end new cars at this time of the year and, given a November market that was off the boil, this will be even more so the case this year.
4. Buy a “fixer-upper”
Are you willing to buy a car that needs to be repaired?
December is a great time to buy a “fixer-upper”. This is because all the panelbeaters close.
Accordingly, dealers will not buy these vehicles and, if they have one in stock, they will be keen to dispose of it.
They cannot fix it up in order to sell it, and they don’t want a vehicle like this one sitting on their books.
5. Shop on December 29
Want that once-in-a-lifetime deal? Saturday, December 29, is the best day to shop.
This is the last trading day for most dealers, because they will close on Sunday the 30th and Monday the 31st. They will be exceptionally keen to liquidate their stock before yearend. — Business Editor.