More than 7 million Americans cannot afford their car payments and millions are being forced into bankruptcy. It is absolutely critical that you know the best time to buy a car to save thousands and avoid financial disaster.

The good news is that may be one of the best years to buy a car in more than a decade. The car manufacturers and dealers are hurting and will be pushing discounts to get you into a new car. I’ve studied the data on new and used car sales to reveal the best time to buy a car down to the day of the week and month that will save you thousands.

I’m using actual car sales data that shows the price discount by day of the week and month. Putting these and some other rules together, you’ll know exactly when to go car shopping to get the best deal.

I’m also revealing three negotiating hacks every car buyer needs to know that will give you the advantage over the dealer. These are three tricks the dealer doesn’t want you to know about and will save you money.

I’m including a couple of resources here, online loan sites I’ve used for personal loans and car refinancing. SoFi offers excellent rates for refinancing and personal loans though you need a little higher credit score. PersonalLoans will approve lower-credit score borrowers but the rates are usually higher. Either way, make sure you compare rates before accepting a loan. Dealer financing is one of the biggest profits for dealers and rates can get really high for bad credit borrowers so you definitely need to know your options.

Check PersonalLoans here http://peerfinance101.com/personalloans

Check SoFi rates here https://peerfinance101.com/sofi

In this video, I’ll start by showing you why 2021 will be the best time to buy a car in more than a decade. Then we’ll look at actual car buying data on prices to find the best day of the week and month to buy a car, when you can get the best price possible.

1:35 Why 2021 will be the best time to buy a car
2:45 Best Day of the Week to Buy a Car
3:00 Best Month to Buy a Car
4:55 Negotiating Hacks to Buy a Car

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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