Answer:

Questions:

• What do you notice about the top 5 times to buy a used car?
• How will you use this information to your benefit? 
• Why do you think these are the best times to buy a used car? 
• What should you look for when buying a used car?  

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (iseeCars.com):

A study by car search engine iSeeCars.com reveals that end of year holidays and the winter months are the best times to find a used car deal.

Analyzing over 32 million used car sales, iSeeCars.com compared specific times of the year including holidays and months of the year, as well as days of the month and week, to calculate whether consumers would be able to find more or fewer deals than average. A deal being defined as savings of five percent or more, which amounts to over $1,100 off the price of the average used car at $22,008.

“The months and holidays toward the end of the year are often touted as a great time to find a used car deal, but it’s the beginning of the year that provides the most deals,” said iSeeCars Executive Analyst Karl Brauer. “Conversely, the summer and early fall months are the least likely to bring used car deals for consumers.”

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Extend this Question of the Day into this Activity, ROLEPLAY: Buy a Used Car

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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