Some cars are going 20% under MSRP Price ( sounds like a discount to me )

1. Discounts
– Negotiations: Consumer data shows, that during these months, buyers we’re able to negotiate better terms than they were a few months prior.
– The reason: Its supply and demand, if you have a lot of models, and also expect more brand new models to come in, then you have to get rid of the ones in the lot to make room.
– How big: 10 -16% discount from MSRP Price: which means you get to save at least 1-2 years of depreciation

For Example:
– We can see that from Infinities, Mercedes, and Volvo vehicles you can expect a 16% discount.

Tip: If you notice tough some cars are going to remain a little closer to MSRP because they will always be more demand for them. ( and theirs only so far a dealer can go, trying to get a 50% DISCOUNT IS likely to get you kicked out the store)

2. Promotion
– Rebates:
– First Responders:
– My favorite interest-Free:

For example:
Going down this List:
– You’ll see some companies offering rebates of $4,000 to $7000 dollars when you buy a brand New Vehicle
– Some offering you Free interest up 72 months ( that’s 6 years without paying any interest )
– And also the memorial day discounts and first responder discount

Tip: How do you get someone to buy something they can’t afford, you say no money down and low monthly payment. ( more interest and more profit for the company)

3. Timing
– I think buying a new car is usually a 99.99% bad idea
– But if your going to do it anyways right now might be the best time to do it
– Although I don’t think it’s good investments, because investment pays you and you not it.

Here’s What I think:
– Even if you get 6 years interest-free: by the time you are done paying the car the value will go down by a little more than 50% ( depression doesn’t stop)
– Even if they give you a 10% discount: when you drive it off the lot the car is worth 10% less, because its no longer new
– So overall, I would never buy a new car.

What I would do though:
– Is look for used cars, that are 3-5 years old and great condition
– For sale by dealers or by owner
– And that way you can also get a discount but without worrying about the depressions

Also: Some loans are still looking favorable because the interest rates are so low.

Overall The Best time To Buy Car: Is when you can afford one

Discount: https://www.consumerreports.org/buying-a-car/new-cars-with-biggest-savings-off-msrp-right-now/
Promo: https://cars.usnews.com/cars-trucks/best-car-deals

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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