Making money: When to buy a new car, and more

Three top pieces of financial advice — from psyching up for retirement to putting up with bad service

Car dealership
(Image credit: (Thinkstock))

When to buy a new car

Timing is everything if you're shopping for a new car, says Adam Lew at The Motley Fool. "If you're patient, you can score a great deal." Waiting to buy until the last two weeks of December is a great way to get an edge. That's when car dealers need to clear old inventory to make room for new models and are keen to hit their annual sales quotas. The prospect of earning bonuses is "sometimes incentive enough for dealers to knock off up to $3,000 from the price." If you just can't wait that long, at least try to buy near the end of a month or quarter. The worst time to shop is "in the spring when the weather is starting to warm up and people just received their tax refunds." And go in with a clear head: Know "exactly what you want, and more importantly, what you won't pay extra for."

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Sergio Hernandez is business editor of The Week's print edition. He has previously worked for The DailyProPublica, the Village Voice, and Gawker.