When is the worst time of year to buy an SUV?

Buying an SUV can be a good investment if you don't when any of these scenarios happen.

Considering the fact that the are currently the most popular body style among car buyers, it is no wonder that the demand is so great. There are many new SUVs like the Toyota Venza, and the Acura MDX hitting the market this year, and there will be many more to come.

However, there is a question that you may not have considered and it has to do with when is the worst time to buy an SUV, so here we will tell you the scenarios in which you should consider postponing the purchase for your convenience. .

1. When there is a big demand

When you buy any new car, the same rules generally apply, no matter which body style you're interested in. But if you're looking for a newer SUV like the Toyota Venza, you might not want to shop until it's out of stock in a few months.

New SUVs, especially older ones like the Bronco, are often in high demand when they hit dealer showrooms, so your chances of getting one are pretty slim. It's all a supply and demand game, so we suggest waiting to get the SUV of your choice if demand is really high.

2. At the start of a new model year

This point adds to the latter that if you're looking for a new SUV that's just hit the market, or you've got your eye on an existing nameplate, you might want to wait until the next model year. Not only are automakers trying to eliminate manufacturing flaws in terms of the mechanical and electrical problems that sometimes come with new models, but dealers are also looking to make money by charging the highest prices to customers who can't wait.

3. Spring shopping

While most dealerships have big sales for every holiday of the year, it's generally recommended to wait until the last quarter of the year before buying a car, not until the spring. Depending on the automaker, most new car models hit showrooms during the last three months of the year, meaning dealers will focus on getting rid of their current inventory.

So if a particular SUV you like has a 2021 model that will be the same as the upcoming 2022, we suggest you buy that current model right before the new one comes out. You can save thousands of dollars.

4. Don't Buy After Recent Loan Requests

Bonus tip: Don't buy an SUV after you've checked your credit. For example, if you went to a car dealership and applied for a loan but didn't like the rate, you'll have a 14-day grace period to find one or two more loans, which together count as one request.

However, if you apply for one loan and then apply for another a month or two later, then you will have some difficult questions on your credit report, which can negatively impact your score and chances of getting a lower rate.

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