Is There a Good or Bad Time to Buy That New Ride?

People normally get a new car when they need to--the lease runs out, the family grows or those wheels finally fell off.

But according to an article by David Merline at Web2Carz, there are actually good and bad times to buy or purchase a vehicle in order to get the best deal.

"The first thing to know about dealerships is that they don’t usually own the cars on their lots. They’re all financed through what is known in the trade as “floor plan.” Think of it as a car loan, like you might take when you buy a car, but for every car on the lot. Dealers don’t want to tie up all their money on inventory, so floor plan loans let them keep their operating costs low. When they sell a car, they pay back the loan," Merline writes.

Merline then lists tips from industry insiders on end of the years models, incentives from auto manufacturers, used cars and more.

(To read Merline's full article, click here)

So maybe when you're starting to think about grabbing that new ride from a local auto dealer or car lot, target the best time to maximize your savings.