Tuesday, November 23, 2010

Expert Tips On When to Hunt for a Bargain

From Business Daily.

"Experts say the optimal time to find bargains is in the run-up to the season when the stores are flooded with merchandise and competition is fierce. Or alternatively, in the off-season when pickings are slim and no one is buying."

You can add the economy as a whole to that last one--when no one else is buying.

"...there are three good times to buy bicycles: around Christmas, when a lot are available for the coming holiday; in March and April, when people are thinking about summer; and toward the end of October, when stores are looking to get rid of extra inventory."

They forgot tax season: after Christmas through April 15th.

"If you’re in the market for a car, Philip Reed, senior consumer advice editor for the car site Edmunds.com, suggests waiting until the end of the year — from September on.

“As we move toward Christmas, the new models come out,” he said. “But the deeper the discounts, the lower the inventory.”
So you may not have much choice in colour and models by the end of the year.

Another way to get a good deal is to shop for a car that has recently been redesigned. There will be big discounts on the design that has just been discontinued. Sometimes, purchasing at the end of the month, when dealers want to meet a quota, may give you a leg up. But don’t rely too much on car-buying folklore like waiting until closing time to get a bargain."

This is how I bought a couple of used cars and spanked dealers for thousands.


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