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Consumer

3 On Your Side: Now Is Best Time Of Year To Buy A Car

jim-donovan-web Jim Donovan
Jim Donovan is a 13-time Emmy Award-winning consumer reporter w...
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 By Jim Donovan

PHILADELPHIA (CBS) – Are you in the market for a new car? Well if so you may be in luck.  The final days of summer often offer up some sweet deals.  3 On Your Side Consumer Reporter Jim Donovan explains.

This is the time of year when car shoppers can find the perfect blend of discounts yet still have a decent selection of vehicles to choose from.

“This time of year is actually the best time to buy a car because you are catching the end of the model year.  So there’s a lot of choices still in the 2013 model year but the 2014’s are already on the lot, twice as many choices,” says Jeannine Fallon with the automotive website Edmunds.com.

According to Fallon, in late-August and September auto dealers generally accelerate the sales of 2013 models to make room for the newer 2014 models.  Fallon says, “This is the time when they are really actively clearing them out.  There are  a lot of deals already on the table. So it’s a question of doing your homework, thinking about what you and your family need, and then going in knowing what the incentives are and negotiating beyond that.”

Some of the incentives being offered right now are 0% percent financing for qualified buyers of any 2013 Volkswagen and the 2013 Toyota Prius.  While Chevy is offering $1500 cash back plus a $500 cash bonus during a Labor Day weekend sale on the 2013 Cruze 1LT.

If you’re in the market for a lease Fallon says, “The Chevy Cruze has some fantastic lease deals.   It has been a highly rated car, really a good one to consider.”

In addition to the deals above, each month the automotive experts at Edmunds.com name what they consider to be deals of the month.  For more information about them visit:

http://www.edmunds.com/deals-of-month.html

http://www.edmunds.com/car-buying/how-to-use-new-car-incentives-and-rebates.html