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When is the best time of year to buy a new fleet of cars?

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If you run a taxi firm, delivery service or any other type of business that requires a fleet of cars, the time will come where they’ll get a bit run down and you’ll need to renew them. But buying a new fleet of cars is a big expense and it’s natural to want to cut down the cost as much as possible.

You can do this by being clever about what time of year to renew your fleet. Certain times of the year are more likely to see car dealers eager to make a sale so make the most of this by being savvy about when you buy. If you’re looking to renew your fleet, think about visiting the dealership at these times:

  • On weekdays
  • At the end of the month
  • At the end of the quarter
  • October – December

Buying at the end of the month or quarter

If you really want to make a saving on your new fleet of vehicles, your best bet is to go into the dealership at the end of the month or the end of the quarter where dealers will be eager to increase sales figures. You’ll be able to put more pressure on the dealer to give you a good deal as they will be looking to complete a sale and will be more likely to offer you what you’re asking for.

The same goes for visiting the dealership at the end of the month as the salesmen will be doing everything they can to complete a sale. You can up your chances of getting a good deal even more by visiting on a Friday. Dealerships are quieter during the week when people are in work so the staff are likely to be more attentive and able to cater to your needs.

Buying after the release of new plates

Another nifty way to cut the cost of buying new vehicles is to buy after the new registration plates are released. When new registration plates are introduced, the old ones will become less desirable and drop in price as dealers try to get rid of them.

If a dealer has an excess of old stock to sell or an older model being replaced by a new one, this would be your time to swoop in and grab a great deal. Many dealerships also strongly discount their vehicles from October to December to make way for new models in the New Year so take advantage of this by choosing carefully when to buy.

Cutting down your running costs: fuel efficiency, part and fleet insurance

Getting a good deal on your new fleet is all very well but if the vehicles have high running costs, you will be more out of pocket in the long run. That’s why it’s important to take running costs into consideration while you’re going through the process of buying a car. Remember, a whole fleet means running and maintaining several vehicles so looking after the pennies can save many pounds.

The main costs you should consider are fuel, parts and insurance. Research the vehicles’ fuel efficiency in advance as well as how expensive the parts are to replace. And to find out how much your fleet insurance will be, contact an insurance broker who will assess your individual situation and find a policy that fits your needs.

by David Hambridge