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January is the Best Time to Buy a Car—Here’s Why

January is the perfect time to buy a car. With your tax refund on its way, special deals, and vehicle turn around, you can save some serious money when you shop for a car at this time of year. Read on to learn more about reasons to buy a car in January.

The best time to buy a car is January largely because December is when most people trade in their vehicles. According to The Street, these cars don’t become available until the new year, which means there is a surge of used vehicles on the market. That means there is a wide selection, better pricing, and lower demand. These are the perfect conditions to buy a car.

A surge in supply also means that the number of sales tends to increase in January. Plus, many vehicles become a “year older” when the new year hits. For example, the 2016 model year will be old news in the minds of many buyers when the new year comes around. If you hunt for special deals, you’re bound to find a truly affordable car in January.

Finally, now that it’s January, you can finally do your taxes. With a hefty refund on the way, you can confidently splurge for those premium features like leather seating, in-car connectivity, and Wi-Fi without worrying about spending too much. If you’re looking for a new vehicle, there’s no better time to buy than now.

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