Best Time to Buy a Honda: A Guide for Car Shoppers
If you’re in the market for a new Honda, you might be wondering when is the best time to buy one. Honda is known for making reliable and fuel-efficient vehicles, but they’re not always cheap. So how can you save money and get the best deal on your dream car?
The answer is not so simple. There are many factors that affect the price and availability of new cars, such as supply and demand, inventory levels, model year changes, incentives and discounts, and even the day of the week or the month of the year. However, there are some general tips and tricks that can help you find the best time to buy a Honda.
End of Month
One of the most common advice you’ll hear is to buy a car at the end of the month. The reason is that dealerships and salespeople have monthly quotas and goals to meet, and they might be more willing to negotiate or offer incentives to close a deal before the month ends. This can be especially true if they’re having a slow month or if they have excess inventory that they need to clear out.
However, this strategy is not foolproof. Not all dealerships have the same quotas or incentives, and some might have already met their targets earlier in the month. Also, if you wait until the last day of the month, you might face more competition from other buyers who are trying to score a deal as well. Plus, you might have less time and leverage to shop around and compare prices.
End of Year
Another popular time to buy a car is at the end of the year, especially in December. This is when dealerships are trying to get rid of their current model year inventory to make room for the next year’s models. You might find some great discounts and rebates on outgoing models that are still new but technically outdated.
For example, if you’re looking for a 2022 Honda Civic, you might find a better deal on a 2021 model that’s still on the lot. According to Edmunds, December is the best month to buy a car, with an average savings of 10.3% off MSRP. The best days for shopping are the last week of December, preferably December 30 and 31.
New Model Launches
On the flip side, if you’re looking for the latest and greatest Honda model, you might want to wait until it launches. New models tend to have more features, better technology, improved performance and efficiency, and higher resale value than older models. However, they also tend to be more expensive and less negotiable than outgoing models.
For instance, the 2022 Honda Civic is a completely redesigned model that has received rave reviews from critics and customers alike. It has a sleeker exterior, a more spacious interior, a larger touchscreen, more standard safety features, and a smoother ride than the previous generation. However, it also has a higher starting price and fewer discounts than the 2021 model.
Besides the timing of your purchase, there are other factors that can affect your chances of getting a good deal on a Honda. For example:
- Supply and demand: If a Honda model is in high demand and low supply, you might have a harder time finding it or negotiating its price. This can happen due to various reasons, such as production delays, chip shortages, natural disasters, or consumer preferences.
- Location: Depending on where you live, you might find different prices and availability for Honda models. Some regions or markets might have more competition or inventory than others, which can affect how much dealerships are willing to discount their cars.
- Research: One of the best ways to ensure that you get a good deal on a Honda is to do your homework before you visit a dealership. You should research the market value, invoice price, dealer cost, and incentives for the Honda model that you want. You should also compare prices from different dealerships online or by phone.
The best time to buy a Honda depends on your personal preferences, budget, and goals.