The obvious answer to when is the best time to buy a used BMW is when you can get the best deal on the car you want.
Search Phoenix used BMW, for instance, and you are bound to find a model that fits the bill. But there are certain scenarios and circumstances that can also influence the timing of your next purchase.
Let’s take a look at some of those factors.
Don’t miss out on any trade-in options
Generally speaking, it would be better to arrange to buy a used BMW before your existing vehicle is no longer in great shape or even roadworthy.
Having a current car that is reasonable and in good working condition will give you a bit of bargaining power. If you have your old car to offer as part of the deal, it could let the salesperson work out a deal that includes a potentially generous trade-in offer.
That way you get a win-win. You get the best price for your old car and you get to fall in love with a shiny pre-owned BMW.
It’s always best to negotiate the purchase of your next vehicle before your current one has stopped working.
How are your finances?
Another good time to buy a used BMW is when you have the money ready to pay for it, or your financial position means you can afford the repayments and your credit is good.
A lot of buyers tend to use a combination of cash and financing. You can usually get great finance deals if you can put down a reasonable deposit and the monthly payments aren’t going to stretch you.
Look out for specific sales days
A lot of savvy car dealerships are proactive throughout the year when it comes to offering deals to entice buyers. However, there are certain holidays where extra discounts can often appear.
Celebratory occasions such as Labor Day, and the Fourth of July, are classic examples of when you might be able to take advantage of an extra special patriotic discount.
Don’t forget specific sales days like Black Friday too. You could find that the used BMW you have your eye on has an extra discount applied on a particular day or promotional weekend.
It can sometimes pay to buy out of season
A classic example of how this strategy works is when you look around to buy a BMW convertible, for example, but in the winter months rather than in the summer.
Everyone wants to be behind the wheel of a convertible on a hot summer’s day, and that means you might pay a premium for that type of vehicle when demand is strong.
Head to the car showroom in the winter and that same convertible might be more affordable, or you could get a better deal because you are buying out of season.
The same applies to buying a car when the showroom is not as busy. It could be a good time to get the best possible deal on your used BMW.
