Any advice on buying a new car on Labor Day weekend?
I've always bought used cars, but at the moment it looks like it's not much more to get a new one. I've been holding off on buying a new car for months because I've heard that labor day is the the time to get the best value, but comparing the numbers on the cars I want to those from a few months ago shows that they have significantly increased. I'm looking at (in the order of my interest)
1. Toyota Corolla LE eco
2. Honda Civic HF
3. Toyota Yaris
4. Nissan Versa
5. Hyundai Elantra
all are 2014 models. none have any good incentives at the moment. I know prices are supposed to drop about 18% this weekend, but I have a few questions.
- Are prices better on Labor day, or is it all weekend? I'm trying to figure out if I should wait to send out for quotes.
- In the following weeks and months, will the prices likely stay there, go up or down? It seems like they would get more desperate to move the 2014s as the year wears on, but what I've read has led me to believe they will go up after this weekend.
- Would it be better to wait for better rebates and incentives?
Any advice on how to get the best deal would be greatly appreciated.