Sélectionner une page

Open navigation Main Menu Mortgages

Refinancing your current loan Finding the right lender Additional Resources

Looking for a financial advisor? Take our 3 minute quiz and match to an adviser today.

Main Menu Banking

Compare Accounts Use Calculators Get help from bank reviews

Looking for a financial advisor? Do our 3-minute quiz and connect with an advisor today.

Main Menu Credit cards

Compare with other categories Compare by credit needed Compare with issuers Get advice

Looking for the ideal credit card? You can narrow your search using CardMatch(tm)

Main Menu Loans

Personal Loans Student Loans Auto Loans Calculators for loans

Find the perfect personal loan in 2 minutes or less Answer some questions to receive offers with no effect on your credit score.

Main Menu Investing

Best of Brokerages and robo-advisors . Learn the basics Additional sources

Looking for a financial advisor? Do our 3-minute quiz and match to an adviser today.

Main Menu Home equity

Find the most competitive rates Lender reviews. Use calculators. Knowledge base

Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.

Main Menu Real estate

Selling a house Buying homes Locating the right agent sources

Looking for a financial advisor? Take our 3 minute quiz and match to an adviser today.

Main Menu Insurance

Car Insurance Homeowners insurance Other Insurance Company reviews

Looking for a financial advisor? Take our 3 minute quiz and then match up with an advisor today.

Main Menu Retirement

Retirement plans & accounts Get the basics of retirement calculators Additional resources

Looking for a financial advisor? Take our 3 minute quiz and connect the advisor you want today.

Search open Close search

Submit

2022 guide to Memorial Day car sales Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial choices by offering you interactive financial calculators and tools, publishing original and objective content. We also allow users to conduct studies and analyze information for no cost – so that you can make informed financial decisions. Bankrate has partnerships with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this website are provided by companies who pay us. This compensation may impact how and where products appear on this site, including for instance, the order in which they appear within the listing categories, except where prohibited by law. This applies to our mortgage, home equity and other home loan products. This compensation, however, does have no impact on the information we provide, or the reviews you read on this site. We do not cover the universe of companies or financial deals that could be available to you.

SHARE:

Tobias Lindner/EyeEm/Getty Images

3 min read Published April 07, 2022

Authored by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the ins and outs of securely borrowing money to purchase the car they want.

Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are committed to helping readers feel confident to manage their finances with concise, well-studied data that can break otherwise complex topics into manageable bites.

The promise of the Bankrate promise

More information

At Bankrate we strive to help you make smarter financial decisions. While we are committed to strict journalistic integrity ,

This post could contain some references to products offered by our partners. Here’s an explanation for how we make money .

The Bankrate promise

Founded in 1976, Bankrate has a long history of helping people make smart financial choices.

We’ve earned this name for over four decades by demystifying the financial decision-making

process, as well as giving customers confidence in the decisions they will follow next. process that is based on a strict ,

so you can trust that we’re putting your interests first. All of our content was created with and edited ,

We make sure that everything we publish is objective, accurate and trustworthy. Our loans reporters and editors focus on the things that consumers are most concerned about the most — the various types of loans available, the best rates, the best lenders, how to repay debt, and many more, so you’ll feel safe investing your money.

Integrity of the editorial process

Bankrate has a strict policy standard of conduct, which means you can be confident that we’re putting your interests first. Our award-winning editors, reporters and editors create honest and accurate content to help you make the right financial choices. Our main principles are that we value your trust. Our mission is to provide readers with accurate and unbiased information, and we have standards for editorial content in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure that what you read is accurate. We keep a barrier between our advertisers and our editorial team. The editorial team of Editorial Independence Bankrate does not receive direct compensation from our advertisers. Editorial Independence Bankrate’s team of editors writes for YOU the reader. Our aim is to provide you the most accurate guidance to make intelligent financial decisions for your personal finances. We adhere to strict guidelines in order to ensure that our editorial content isn’t in any way influenced by advertising. Our editorial staff receives no directly from advertisers, and our content is verified to guarantee its accuracy. So, whether you’re looking at an article or review, you can trust that you’re getting credible and reliable information.

How do we earn money?

You have money questions. Bankrate can help. Our experts have been helping you master your money for more than four years. We are constantly striving to give our customers the right guidance and tools required to succeed throughout life’s financial journey. Bankrate adheres to a strict code of conduct policy, which means you can be confident that our information is trustworthy and precise. Our award-winning editors and reporters produce honest and reliable content to help you make the right financial decisions. Our content produced by our editorial team is factual, objective, and not influenced through our sponsors. We’re open regarding how we’re capable of bringing high-quality information, competitive rates and useful tools for you by explaining how we earn our money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and services, or through you clicking specific links that are posted on our site. Therefore, this compensation may impact how, where and in what order products appear in listing categories, except where prohibited by law. This is the case for our credit, mortgage, and other home loan products. Other factors, like our own proprietary website rules and whether the product is available in your region or within your personal credit score may also influence how and where products appear on this website. We strive to offer an array of offers, Bankrate does not include details about each financial or credit item or service.

If you’ve been browsing through channels in recent times, you’ve probably seen ads for Memorial Day sales at car dealerships. And while Memorial Day weekend is known for its steep discounts on vehicles but this year’s deal is going to require some thought. The median used car is about $28,000, while the typical price for a brand-new vehicle is around $47,000 . However, the high cost of a car, due in part to the fact that it’s a bit expensive, doesn’t mean a deal is out of reach — just prepare some preparations ahead of time. This year’s Memorial Day sales will be restricted in the past, Memorial Day has been one of the best times to score a fantastic bargain on a car. But this year will likely make it harder for drivers when it comes to making a purchase. Limited vehicle stock The industry isn’t able to keep up with consumer demand. Dealers are selling cars in a lightning-fast pace because of the limited amount of vehicles on the market. A 1.5 million decrease in vehicle supply for March compared with 2021. When factories stopped production, the dearth of semiconductor chips led to the loss of vehicles at the dealership. This led to a period of greater demand and a shortage supply. When you shop during this Memorial Day weekend, you are likely to be faced by fewer options for vehicles. There are fewer incentives with fewer vehicles on the market, dealers are probably not under the same pressure to sell their vehicles as they would in years ago. With so many people looking for automobiles, dealers aren’t as motivated to offer incentives like incentives or money back. In the past this weekend, it was full of different incentives, but dealers won’t need incentives to sell cars in 2022. J.D. Power reports that the incentive spending per unit is anticipated to reach $1,044 -which is down from $3,334 one year ago. A lower supply of vehicles is also a sign that more drivers are competing for the same vehicle. The increased competition could make obtaining your dream car more of a challenge. Many buyers are ready to spend over the asking price to get the vehicle they desire before a competitor does. This shifts the game field, giving dealers the advantage in pricing. The typical price of used vehicles is at around 28 percent higher than the same time in the past. In addition, with the finding that 42 % of consumers are willing to pay over MSRP it’s almost guaranteed you’ll encounter a fair amount of competition. How to get the best bargain, despite your limitations intend to drive away with a new set of wheels following the coming Memorial Day weekend, there are some tips to follow to secure the best deal — even with fewer vehicles available in the lot. Try a test drive prior to the weekend. The best way to reduce time and make sure you’re in and out of the dealership before the competitors will be there is by testing the car before the scheduled the time. This way you can walk in ready to buy rather than feel pressured to sign a deal on a vehicle you’re not fully convinced about. To arrange for the opportunity to test drive, you need to research the cars on the internet and contact the dealer to make an appointment prior to. Shop outside your ZIP code While the epidemic caused problems with vehicle supply however, it also increased the process of shifting . Make the most of this chance to check the availability of vehicles outside your region. It’s an identical process of an in-person purchase and you might save some additional cash in the process. In addition, some locations offer lower prices, it could be worth your while to travel to a to find your next vehicle. Be flexible with your vehicle choice . With fewer vehicles on the dealership’s lot, this could be the perfect time to expand your horizon when it comes to vehicle model, size and design. Most drivers tend to be at a certain make or model, so flexibility could mean getting the vehicle you want, but not everyone else. Consider checking out for the most reliable cars while shopping. Next steps Purchasing a vehicle is a major financial investment. After weighing the various changes that will be made to this year’s holiday weekend, decide if it is truly worth the money and effort. If you’re not making money buying something during this Memorial Day weekend, and you can afford to wait, being patient may be the better option. You could consider putting off the huge holiday shopping rush and instead wait for more vehicle inventory to be available. You may be met with shorter lines with more options, and possibly better prices.

SHARE:

Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ways and pitfalls of borrowing money to purchase the car they want.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are passionate about helping readers gain confidence to take control of their finances through providing precise, well-researched and well-documented facts that break down otherwise complex topics into manageable bites.

Auto loans editor

Related Articles Credit Cards 4 min read March 16 2023

Auto Loans 4 min read Mar 02, 2023

Auto Loans 5 min read Sep 27, 2022

Auto Loans 4 min read Sep 20 in 2022

About

Help

Legal Cookie settings Do not share my information with anyone else.

How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on specific links on our site. This compensation could affect the way, location and when products appear in listing categories, except where it is prohibited by law regarding our mortgages, home equity, and other products for home loans. Other factors, like our own proprietary website rules and whether or not a product is offered in the area you reside in or is within your self-selected credit score range could also affect the manner in which products are featured on this site. While we strive to provide the most diverse selection of products, Bankrate does not include specific information on every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |

|

(c) 2023 Bankrate, LLC. A Red Ventures company. All Rights Reserved.

When you have virtually any inquiries about in which in addition to the best way to employ instant same day payday loans online direct lenders – https://loanewqe.ru/,, you are able to e-mail us from our web site.