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YOUR RESEARCHWhen is the best time of the year to buy a used 996?
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Use cars are sold by their owners, not dealers
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most used cars are sold by their owners, not dealers, so your experience is a little biased in this.
When is the best time of the year to buy a used 996?
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When is the best time of the year to buy a used 996?
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Hi. I'm looking for a used 996 2000 or above. Can anyone tell me when is the best time to buy one?
I know the 997 is coming in Sept. So should I be looking to buy during the summer time?
Thanks.
Depends where you live. This is the most expensive time of the year to buy any sports car in the Northeast US. Not sure where you live so it could be different.
I have a 99 certified cab if you are interested you can private message me. If not interested, I would probably hold off until later in the year and consider looking in the Northeast or Mid Atlantic states.
Good luck
The best time to buy sports cars, especially cabs, is in the dead of winter. Too early in winter and people are still reminiscing about the late fall weather and too late in winter people are anxiously awaiting the spring.
The best time to cathc a deal on 4x4's is exactly the opposite.
Good luck with your search. This is part of the fun!
The best time to buy a car, used or otherwise, is late spring, like March, April, or May. In a few months, the next model year is coming out, and all the cars on the lot will get one model year older. In addition, dealers like Porsche dealers actually have to buy the cars from the manufacturer if they want to get a car. So, they have to come up with the money at around this time. Late spring, they need the money to buy the new cars to sell, and they are looking at another year of depreciation on the cars they do have. Winter is also a slow year for car sales, so there is a backlog of cars in the lot by spring. Good incentives to sell the cars ASAP.
It is also better to buy the car or close the deal near the end of the month. Most dealers borrow the money to purchase the cars, just like you and me. If they sell the car before the start of the next month, that's one month less interest they have to pay.
That has been my experience in purchasing 11 new cars over the last 2 decades. Should be the same for used cars, IMHO.
most used cars are sold by their owners, not dealers, so your experience is a little biased in this.
so when the next model year comes out doesn't influence the price of the used car for a private seller because they don't really doesn't care when the next model year comes out.
otherwise, it's the simple law of supply and demand. generally sports cars go for higher prices in the spring than at any other time of year because demand is higher. of course climate influences this, so the farther south you go, the less this applies since people drive sports cars year-round. your bargaining power will be better in the fall because there will be less people interested in them, and hence the seller will feel more inclined to sell the car at a lower price.
you're certainly right about the dealers wanting to sell cars before the end of the month because of interest. a lot of major car companies actually float the loan to the dealer, i.e. they send the car to the dealer without getting any money, just a promise of payment. but also, the holdback ties into it a lot, sometimes more than the interest. porsche doesn't have a holdback, but most manufacturers do. for instance, jeep has a $750 holdback. so if the dealer sells the car within the first 30 days it's on the lot, they get the full $750 from the manufacturer, i.e. their price is really invoice - $750. but, every 30 days after that, they get a smaller percentage of it. they'll only get $500 if they sell it from 30-60 days. and $250 from 60-90 days. after 90 days, $0. so when you go new car shopping, ask to see the invoice from the dealer and note when it was delivered to the dealer. they'll be much more willing to sell you a car at invoice within the first 30 days it's on the lot because they're still making a profit on it.
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