The best times to shop around for deals

by | Jul 1, 2024 | Finance and Business

When you’re in the market for a new or used car you don’t buy the first one you see. It’s important to shop around and do your research to find the best deal. But what is the best time of year to do so? Here are the top three times of year to get the best bang for your buck:

  • Back to school:

    For many Canadians, the back-to-school season means the end of summer, a time when kids grab new pencils for the upcoming year and parents head back into their routines. It is also the time when telecom companies, like Telus or Koodo, offer the best deals to entice students and parents to upgrade or purchase new plans and save money. If you are in the hunt for a new phone and plan, take advantage of the season and head to your local mobility store or search online for their latest deals.

  • Holidays:

    A time of year for family, friends and celebrations for many, it is also known as the most important shopping season of the year (and for good reason). From clothes, coats, cushions and counters, retailers across the country often offer their most competitive deals of the year. Beginning in November until the end of the year, you will be hit with an onslaught of TV, radio and online ads letting you know of the savings to be had. Don’t forget to stay organized and keep a list of deals as they come so you can take advantage and shop smart.

  • End-of-season:

    The end of a season is often the best time to shop around for deals because retailers typically need to make room for new merchandise. From clothing to accessories, outdoor gear and beyond, retailers offer deep discounts on seasonal items to clear out remaining inventory. Purchasing items at the end of the season can often mean higher-quality products at a fraction of the original price, maximizing the value of your purchase.

Waiting to shop during certain times of the year offers numerous benefits, including access to discounted prices, increased purchasing power, strategic planning opportunities and the ability to capitalize on seasonal trends. By being patient and timing your purchases strategically, you can make the most of your shopping experience and save money in the process.

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