This is probably a hidden secret not many U.S. consumers know, that Black Friday is one of the best if not the best time to buy a new car. Historically according to studies, there’s been steeper discounts during Black Friday than any other sales events during the course of the year.
Although most consumers focus on buying consumers electronics on Black Friday, many are missing out on the fact that many car dealerships are willing to sacrifice commission for sales during the biggest spending season of the year, Black Friday.
Black Friday 2011 will be no different, in fact more dealerships are recognizing Black Friday as an opportunity to get rid of their in-stock inventory to get ready for 2012. This is all good news for us consumers but you have to be willing to spend your time to shop for cars on Black Friday.
To get the best deals for Black Friday 2011, you will most likely have to shop around dealerships and negotiate to the last minute. The end result could yield up to 30% in savings on cars that need to go. You will have to do your research beforehand and look at some of the current models/prices before you head to the dealership. Like any auto purchase, you need to know your numbers and what is the most you are willing to pay for them. As a general rule of thumb, it’s good to have a goal at least 20% lower than marked-down retail prices for a car this Black Friday.
Whether you are trying to get that sports car, sedan, or even an SUV, there’s never been better to shop for a car so don’t forget to set your clocks as there will be plenty of competition, you will surely get the best deals if you get there early.