Buying a Car During Coronavirus Isn’t Easy, But You Could Save Big

In the midst of a pandemic, buying a car might not be the first thing on your mind. But if you are willing to leap some hurdles, there are great deals out there, say experts.

A case in point: U.S. new-car and truck sales plunged to a 30-year low of around 633,000 vehicles last month, a 53% decrease from April 2019, according to industry analyst Edmunds.com. Automakers such as Toyota and Honda reported their sales in April were cut in half compared to a year ago.

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Why You Should Buy Yourself a Car for Christmas

If you’re in the market for a screen-shot-2016-12-02-at-11-29-52-amnew vehicle, get serious about shopping now. December tends to deliver the deepest discounts of the year, with buyers receiving an average 7.7% off MSRP, TrueCar.com finds—vs. 6.8% in January, for instance. For an average buyer, that’s more than $300 in savings.

Why December? “Dealers and manufacturers are looking to meet their annual sales goals, so many offer rich incentives,” says TrueCar senior analyst Cari Crane. Meanwhile, prices are slashed on 2016 vehicles as next year’s models move onto the lot, says Brian Moody, executive editor at Autotrader.com. Follow these steps to drive down the price of your new vehicle.

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