The most wonderful time of year has arrived for bargain hunters: Black Friday. Celebrated less than 24 hours after the Thanksgiving turkey is served, many flock to their local retailers and shopping malls to kick off the holiday buying season, aiming to snap up a deal with sticker prices slashed. In fact, 40% of people anticipate getting the best deals during Black Friday, according to a recent survey. Additionally, nearly 1 in 4 buyers anticipate prices being lower this year than they were last year.
But retailers aren’t the only ones that participate in Black Friday festivities. Auto dealers do as well, as you may have noticed based on the variety of television advertisements dealerships promote well in advance of the annual spending spree. Lexus and General Motors are just two of the nameplates that have spread the word about Black Friday sales events, as referenced by The Associated Press.
It takes more, however, than a day off from work on Black Friday to drive away with a good deal. It also requires a smart strategy. The following are a few tips that can help you take advantage of Black Friday sales events if you’re in the market to purchase a vehicle.
As the old saying goes, the early bird gets the worm. Visiting your dealership as soon as it opens its doors increases the likelihood that you’ll be able to take advantage of sales events that are within a specific window. You’ll also have a greater number of options to choose from. Check out your local dealer’s website to see if they’re opening earlier on Black Friday.
Don’t count on a test drive
The test drive literally puts you in the driver’s seat so you can try the car on for size to see how it handles on the roads. With Black Friday being as busy as it is, though, the test drive may have to take a back seat. This means that there’s a chance that you may have to reschedule for a better time due to the constraints of Black Friday’s often frenetic pace.
Check out vehicle information websites
Black Friday is increasingly becoming a month-long sales event rather than one day out of the year. Therefore, you may be able to score a great deal by buying in November. Vehicle valuation firm Kelley Blue Book recently published a list of some of the new-car deals that nameplates are advertising in November. Make sure you visit KBB.com and Edmunds.com throughout the month to see what’s available for rock-bottom prices.
Aim for high inventory
If low prices are what you’re after, then you’ll want to consider cars that have high inventory levels. With 2016 inventory on the way – or in some cases already available – dealers are eager to move 2015’s offerings by cutting the asking price or increasing incentives. Talk to your dealer to determine which of their vehicles they have the most of. According to Ward’s Automotive, Toyota’s FJ Cruiser SUV, has one of the largest inventories in America, The Associated Press reported.
These tips can help fuel your ability to drive off with a runaway deal during the yearly kickoff to the holiday shopping season.