Looking for a New Car? Black Friday May be Your Lucky Day

Everyone knows about the great deals on clothes, appliances and electronics that you could take advantage of on Black Friday, but did you know that you could find great prices on cars too? According to car pricing research from TrueCar.com, Black Friday, the day after Thanksgiving, is the best day to buy a car.

History of Black Friday Discounts

According to day-to-day car pricing research conducted for the website over the past several years, it seems that the discounts on Black Friday, on average, are the biggest of the year. The best discounts, according to an analyst from TrueCar.com, comes in the form of manufacturers’ incentives.

While the research revealed that it’s difficult to determine a projected price reduction for this Black Friday since all car sales are individually negotiated, according to past data, the average new car discount for this Nov. 27 is projected to be 7.5 percent. The average deduction on a typical day throughout the year is closer to 4.7 percent.

Best Black Friday Deals

The researchers also noted that certain models should receive greater discounts. For instance, you might expect a 28 percent discount on the 2009 Suzuki SX4 and up to 26 percent off for the 2009 Nissan Titan. The Ford F-150 and Hyundai Sonata are also expected to offer big discounts. However, for specific deals, it’s a good idea to check with your local auto dealers to see if they plan to offer Black Friday discounts. They’ll be more than happy to advertise early.

Make Your Money Work for You

One reason the researchers give for the price discounts on Black Friday is because it falls close to the end of the month – crunch time. So if you want to take advantage of the car dealers’ need to sell – and your need for a new car at a great price – now’s the time to start looking out for great Black Friday specials.

Do you plan to go car shopping on Black Friday?

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About the Author

Stacey Bumpus

Stacey Bumpus holds both her Bachelor and Masters degrees in Communications. After spending years in corporate communications, she discovered freelancing was really her cup of tea and fell in love with finding and writing about the latest financial news. Now, providing news and tips about banking, mortgages, taxes (and even logging her own efforts to save for retirement), she's not only fulfilling her lifelong passion, but also helping others manage their finances responsibly.

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