Why Now Is the Best Time to Buy a Japanese Car

Photo (cc) by archer10 (Dennis) (69M Views)

If you’ve been thinking about a new car — especially a Japanese one — now may be the best time of the year to buy.

This favorable timing primarily stems from Japanese companies like Honda and Toyota ending their fiscal year on March 31, the Associated Press reports. American, European and Korean manufacturers, on the other hand, end their fiscal year on Dec. 31.

That means Japanese manufacturers tend to offer their biggest deals this time of year to meet annual sales goals.

Jeremy Acevedo, an analyst for Edmunds.com, tells the AP:

“March tends to be a strong sales month for the auto industry, but is particularly strong for the Japanese makes as shoppers flock to these sales.”

According to the AP, deals on Japanese makes currently include:

  • The 2016 Toyota Camry SE is currently selling for as much as 11 percent off the manufacturer’s suggested retail price, or MSRP, according to car buying site TrueCar.com. That’s a savings of $2,885. Deals for the Camry include $500 cash plus zero-percent financing for up to 60 months.
  • Honda is offering the 2016 Civic compact car for $179 per month with a 36-month lease. In February, Honda was offering the Civic for the same monthly price but for a longer term of 39 months. That’s a difference of $537.
  • Subaru will lease you a 2016 Outback SUV for $269 a month for 36 months. In February, a 36-month lease was $289 per month. That’s a savings of $720 over three years.

If you opt for a car loan, just be sure you first compare rates so you don’t pay too much — finding a lower rate can shave hundreds off the cost.

Certain Japanese models are also a smart buy in light of how favorably they have been reviewed over the past year. For example:

How do you feel about Japanese vehicles compared with those of American, European or Korean manufacturers? Do you have a preference? Let us know why below or on Facebook.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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