The 'golden' time to buy cheap used cars

The best time to buy a used car is around mid-year. Since this is the time when prices change between years, consumers can negotiate most easily.

Why do Vietnamese people "prefer" used cars?

The used car market has become more vibrant in recent years, there are many reasons that "stimulate" the growth of the used car market. First of all, it is the increasing demand from the people, from buying cars to meet travel needs to doing business to earn extra income. In addition, the emergence of low-cost taxi companies such as Grab and Uber is also the reason why the used car market has become more vibrant.

As a country with a modest per capita income, car prices are among the most expensive in the world, more than twice that of developed countries and about 1.5 times that of countries in the region. Therefore, buying a car is not easy. This is also the reason why used cars are popular in the Vietnamese market.

The used car market will increase and decrease in stages.

In fact, the used car market will increase and decrease in each period. Specifically, it increases in the first and last months of the year due to high travel demand; gradually decreases in the middle months of the year (from March to the end of August) because at this time people focus on business.

The used car market is heating up thanks to the high demand from the people. Mr. Trinh Minh Vuong - an employee at the HHDC.VN car salon said that because the price of new cars has decreased this year and the bank's support for installment payments for new cars is very high, the demand has decreased sharply compared to previous years. However, the number of purchases is still large because buying a used car at least saves on taxes and license plates.

According to Mr. Vuong, if consumers know how to choose the right time to buy a used car, they will save a lot of money. However, in reality, not all Vietnamese people know this.

The "golden" time to buy a used car

According to Mr. Trinh Minh Vuong, waiting is an extremely important issue when buying a car. Because sometimes consumers can save a lot of money if they wait patiently to choose the right time to buy.

Many people believe that the most suitable time to buy a car is at the end of the year because, in addition to the reasons of pursuing sales, bonuses or fines, this is also the time when dealers really need to "clean up" the space, clear out inventory to "welcome" new car models arriving early next year.

However, according to those who have experience in buying and selling used cars, this is a mistake; because usually at the end of the year, the number of customers buying cars is very large due to the general mentality of Vietnamese people that at the end of the year they have to shop to summarize the results of a year of hard work and savings. Many dealers have a situation of out of stock, forcing prices, pushing prices up; registration and inspection work is slow.

Choosing to buy a used car at the right time can help you save a lot of money.

According to experts, there are 3 “golden” times to buy a used car. At these times, customers will have an easier time negotiating to buy the car they want at the cheapest price possible.

The best time to buy a used car is around mid-year (around June to September). Because this is the time when prices change between years, consumers can easily negotiate to get the car at the cheapest price. In addition, at this time, used car dealers and showrooms often have attractive policies and incentives.

According to experts, there are 3 "golden" times to buy a used car.

The next ideal time is when the new version of that car is about to be sold. In fact, when anything is redesigned, the previous generation will depreciate very quickly and cars are no exception. When a new car generation is about to be launched, manufacturers in Vietnam often reduce the price by about 30 - 40 million VND for the previous version, to push all the old cars out of the warehouse to prepare for selling the new car. Usually, around March of the solar calendar, manufacturers launch cars en masse. This is a good opportunity to easily buy a car that you like with many incentives included.

The end of the month or the end of the quarter is also a good time that used car buyers cannot ignore. Car sales are usually calculated on a 30-day cycle. Therefore, in the first 1-2 weeks, sales staff are less inclined to work hard or willing to propose a bargain price just to sell a car. But by the end of the month, they tend to be ready to "sell off" to achieve sales.

According to car buying experts, if you need to buy a car (new or used), go to the dealership at the end of the month. Because there is a high chance that customers can get more attractive discounts than usual.

Besides the end of the month, the end of the quarter is also a very important time in car buying transactions. As a rule, some companies often offer big incentives or discounts at the end of each quarter. The biggest goal is also for sales.

These are the “golden” times that help Vietnamese consumers easily buy “good, cheap, and good” used cars. In addition, to avoid being cheated when buying used cars, consumers need to go to reputable showrooms or car dealers with full commitments and warranties.

According to Vietnamnet