Why the MLK holiday is one of the best times to buy a car

Website found the best markdowns this weekend than other times of the year

MLK Day holiday is actually one of the best time to buy a car

RICHMOND, Va. (WWBT) - If you’re in the market for a used car, you’re in luck. This is a good holiday weekend to shop.

Most people aren’t aware that you can get some of the best prices of the year on used cars on Martin Luther King Day according to a new survey by iseecars.com.

They found about 40% more deals than average during MLK Day than any other time of the year.

If you miss this day, it’s ok. You can still find killer deals in January. It had the second-highest number of deals, followed by February and New Year’s.

iseecars.com attributes these markdowns to trade-ins that don’t hit the market until after the holiday season.

There isn’t as much foot traffic compared to milder months so the dealers get more competitive with their pricing.

The study also found the worst time of the year to snag a decent sale price on used cars. That would be the time period from May through September.

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