If you have been considering buying a used car lately, there is probably no better time to do it than today. A recent study released by Truecar.com found that Black Friday used car sales offer some of the best bargains of the entire year.
According to the study, you can expect to find an average discount of about 7.1 percent today off the sticker price. During the rest of the year, you can only expect about a five percent discount off the sticker price.
One of the reasons that used car dealers are offering Black Friday discounts is to draw consumers to their facility. With everybody out shopping for iPods and other great deals, dealers need a reason to draw buyers to their lot in hopes of getting a great bargain. In addition to that, we are also coming to the end of the month and used car dealers are trying to reach their “end of the month sales quotas.” As a result, today is like the “perfect storm” to save money on buying used cars.
With all the money you are saving at those department stores, you can afford to put a sizable down payment on a quality used car today. Do it while you can enjoy the above-average discounts!