If you’re in the market for a new set of wheels, October might just be the sweet spot. While summer tends to get the spotlight with flashy sales events, October is quietly one of the best months of the year to shop for a car. Here’s why timing your purchase now could save you thousands.
Dealerships Are Clearing Out Inventory
Every fall, dealerships start getting shipments of next year’s models. To make room, they need to move the current year’s cars off the lot. That urgency often translates to significant discounts, rebates, and special financing offers.
End-of-Year Sales Momentum
October kicks off the push toward year-end sales goals. Dealers and manufacturers both want to hit their numbers, which means they’re more motivated to negotiate. That motivation can work in your favor when it comes to price.
Holiday Promotions Begin Early
Even before the big November and December holiday sales, October often brings pre-holiday promotions. Shoppers who wait until later in the year may face limited inventory, so October strikes a balance between choice and savings.
Better Trade-In Values
With lots of buyers shopping, trade-ins are in demand. Dealers are often willing to offer stronger trade-in values to secure a sale, giving you extra leverage when upgrading your vehicle.
Wide Selection, Big Savings
Unlike December (when choices may be slim) October still offers plenty of options. You’re not just choosing from leftover models, you get the benefits of selection and clearance pricing.
Bottom Line
If you’ve been considering a new car, October is one of the smartest times to buy. Between dealership incentives, seasonal promotions, and the perfect mix of selection and savings, it’s hard to beat the deals you’ll find this month.
Lower payments. More flexibility.
Shopping for a new car? We now offer extended auto loans, longer than what you’ll find at most financial institutions, giving you more flexibility and lower monthly payments to fit your budget. Whether you're upgrading or buying your first ride, we’ve got you covered.
Visit climbcu.org/auto to learn more.
Not all will qualify. Terms and conditions apply.
