The holiday season is a great time to score deals on many different items, and it seems like it's also the right time to get a new car as well. Experts say that December often has the greatest discounts because many dealers are feeling pressure to get rid of their current year's cars to make room for the newer models, ABC News reports.
The evidence seems to stack up in favor of buying in December when analysts point out specifics. In particular, the average discount offered when consumers buy a car in December is about 6.5 percent compared to 4.5 percent during the rest of the year.
Even if you can't buy a car in December, waiting until the end of the month to make a purchase could turn out to be a wise decision, according to the news source. Industry insiders say that some salesmen have incentives to sell a certain amount of cars each month and may be more willing to offer a discount as crunch time approaches.
Drivers hoping to get behind the wheel of a new or used car may want to turn to New Jersey Auto Auction as well, which offers many makes and models at affordable prices.