Buying New Car as Holiday Gift
Dec 11, 2012
The holidays are quickly approaching and the end of the year will be here before you know it. Chances are, you've seen numerous car commercials that show a shiny new vehicle with a big red bow on it, sitting in the driveway, just waiting to be unwrapped. We wanted to get to the bottom of this annual holiday advertisement trend by researching to find out if anyone will be getting horsepower underneath the twinkle of the garage lights this holiday season. Does anyone really buy a new car as a holiday gift?
Statistics show that regardless of the state of the economy, a small percentage of new vehicle sales are in fact bought as gifts - roughly 10%. What might seem like a tough time for you as a consumer to buy a new vehicle is actually the best time to head to the dealership. You may have already spent a lot of money over the holidays. Or you might think that there are plenty of people, places, and things to see that will keep you busy so why would you want to deal with the hassle of selling your car or buying a new one? The answer: The malls might be crowded, but the dealerships are not! The truth is that the end of the month is actually a great time to buy a car, and that the end of the year is even better.
Why? Well, while everyone is home baking cookies and wrapping presents, salespeople and dealers are trying to get rid of older inventory, earn bonuses, and boost sales before the year comes to a close - this means better deals for you. Rebates and low-interest financing options are usually heavily promoted during the holidays and they could save you thousands of dollars. Dealerships have also been doing their best to accommodate customers by extending their appointment hours, arranging surprise home-deliveries, and offering the large red bow with the purchase of a new vehicle. So if you're patient and do your homework, you could drive away with a really great deal on a new vehicle!
Many of the manufacturers are offering some amazing incentives right now at your local dealers, from cash back to incredibly low financing. For example:
- Ford is offering $0 money down, no interest for 5 years, $500 bonus cash or up to $2,500 cash back on the 2012 Ford Focus
- Honda is offering 0.9% APR for 24-60 months on the 2012 Accord Coupe, Civic Coupe, and Odyssey
- Honda is also offering $249/month lease for 36 months and $2,299 due at signing on the 2012 Accord Sedan
- Hyundai is offering $0 due at signing, $245/month lease for 36 months with 0.9% APR for 36 months, $1500 Holiday Bonus Cash, $500 Valued Owner Coupon Offer, and $500 Competitive Owner Coupon Offer
- Lexus is offering 0.9% APR and financing for up to 60 months on the 2013 IS 250 AWD and 2013 CT Hybrid models, and 1.9% APR and financing for up to 60 months on the 2013 RX 350
So if you want to take advantage of the sales that are happening during the holidays, now would be a good time to sell your used car. Especially if it's an all-wheel drive SUV. Whether it's a new or used vehicle, a car could make a great and surprisingly affordable gift for the holidays.
Go to webuyanycar.com for a free online valuation to find out how much your car is worth. Getting cash for cars just doesn't get any easier than this!
Have you ever received a car as a gift? Tweet us your pics or post them to our Facebook timeline!
