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3 minutes read. Published November 21, 2022

Rae Hartley Beck Written Rae Hartley Beck Written by Contributing writer Rae Hartley Beck is a writer and editor with over 8 years experience working in personal finance. Her writing has been featured in Bankrate, MoneyWise and Investopedia. Rae is an expert in credit card rewards, real estate, investing and home improvement, loans and financial tips for millennials, Gen Z, Gen Alpha and their parents. Written by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate from late 2021. They are committed to helping readers gain the confidence to control their finances through providing clear, well-researched information that breaks down otherwise complex subjects into digestible pieces. The Bankrate promises

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If you have questions about money. Bankrate can help. Our experts have been helping you manage your money for more than four years. We continually strive to provide our readers with the professional guidance and the tools necessary to be successful throughout their financial journey. Bankrate adheres to strict standards standard of conduct, which means that you can be sure that our content is truthful and precise. Our award-winning editors, reporters and editors provide honest and trustworthy content to help you make the right financial choices. Our content produced by our editorial team is objective, factual, and not influenced from our advertising. We’re open about how we are able to bring quality information, competitive rates and useful tools for our customers by explaining how we make money. is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or when you click on specific links on our site. Therefore, this compensation may influence the manner, place and when products appear within listing categories, except where prohibited by law. We also offer mortgage and home equity products, as well as other home lending products. Other elements, like our own rules for our website and whether the product is available within your area or at your self-selected credit score range could also affect the way and place products are listed on this site. While we strive to provide the most diverse selection of products, Bankrate does not include specific information on every financial or credit product or service. Black Friday is a time for amazing savings and deals, which is especially important given inflation’s recent impact on prices. Prices for cars have increased by 6.3 percent since the beginning of last year, and 42.5 percent between September 2022 and February 2020, according to . If you’re looking for savings in the near future and is flexible across brands, Black Friday can be a great time to buy a car. Are you sure that Black Friday a good time to purchase a car?

Black Friday can be the perfect time to purchase an automobile — if you can manage to get a bargain on the car you want . There are more people shopping for cars than they are available, so steep discounts may be difficult to snag.

Black Friday car deals differ depending on the manufacturer. Black Friday deals on cars are generally announced at the manufacturer level however local dealerships and large regional chains may offer their own offers. Black Friday car deals typically focus on financing, credits and lower prices. Financing deals , also known as financing deals, are among the most popular Black Friday car deals. The deals are usually backed by the manufacturer – Chrysler Capital, Toyota Motor Credit Corporation, Ford Motor Credit Company and similar. The most frequently advertised deals offer no down-payment and no payment for a longer period. All financing deals are only available on approved credit. Generally, the better the financing deal, the better your credit score to qualify. They usually offer an equivalent discount in dollars even if you do not opt for promotional financing. Even if you’re planning to finance a car, you may be better off and taking the extra money off of the price of the sale. Offers that aren’t financing-related Many manufacturers and dealerships will offer a set amount off of the Manufacturer’s Recommended Retail Price (MSRP) on Black Friday. They also sometimes advertise that they’ll give you a greater dollar amount for qualified vehicle trade-ins. Higher trade-in values lower the amount you’ll have to pay for sales tax on the car you purchase that can range from 11.45 percent to 11.45 percent, based on your city and state. Leasing offers In addition to purchase deals, Black Friday car shoppers may also profit from leasing deals. If you choose to lease that you want to lease, you might be able to get lower monthly payments, less amounts of money, or greater limit on mileage through an Black Friday promotion. Black Friday may not be the ideal time to purchase a car. the chip shortage that originally was a major factor in the availability of cars is beginning to slow down, but that does not mean that cars are as easily available like they were prior to the outbreak. Car inventory is still low, which effectively makes it a . Based on the particular model, make and trim that you’re after, you could have to wait for months on a waitlist. If you’re very set on the exact car you want and you have to order it and delivered to the dealership, they have no incentive to give you a deal during Black Friday. If you can be open to different brands models, styles and models, you may be able to find better deals during Christmas or New Year’s Eve than on Black Friday. Present conditions for buying a car in addition to general shortages of inventory, the environment isn’t favorable for those who plan to finance a vehicle. If you’re not able to pay cash, you’ll pay significantly more in interest to purchase an automobile now than you would have in 2021. The cost of buying a car could be reduced, dealers will be more incentivized to lower costs. Also, interest rates are likely to be cut in order to address the recession. If you don’t require a car, you may want to avoid the Black Friday car sales this year and save money. Even if interest rates remain high, you’ll be able to pay more down and cut down on the cost of financing. Be sure to qualify before going to the dealership if require financing for a vehicle. This will give you an idea of your budget and budget. Arrive with the best knowledge is. You might find that you qualify for attractive interest rates through the internet-based bank, or . This can give you the power to negotiate a lower purchase price in the event that you do not have to hunt for any specific promo financing that the dealership may be offering. You can quickly determine how much car you can pay for and the interest rates for multiple lenders using this prequalification instrument. It only takes a few minutes and won’t hurt your credit score. The bottom line If you’re looking to buy a car in the near future and are willing to be flexible Black Friday deals can be found. But don’t count on to find them as attractive as they were prior to the pandemic. If you can wait for a while, you might be able to find better prices at the close of the year or next year when inventory is more abundant.


Written by Contributing writer Rae Hartley Beck is a editor and writer with more than 8 years experience working in personal financial matters. Her work has most recently been published on Bankrate, MoneyWise and Investopedia. Rae specializes on credit card reward as well as real estate investing as well as home improvement, loans and financial advice for millennials, Gen Z, Gen Alpha and their parents. Written by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers feel confident to manage their finances by providing concise, well-researched, and clear information that breaks down otherwise complicated subjects into bite-sized pieces.

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