This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Best Presidents Day Car Discounts

Stocks in this article: F GM HMC NSANY TM

PORTLAND, Ore. ( TheStreet) -- This is a terrible time to buy a car, unless you're willing to subject yourself to the automotive Black Friday that is February.

It's not that Presidents Day is such an overwhelmingly great time to buy a car, but it's the best time during an especially bleak period. The folks at Lifehacker argue that the best time to get out there is in September and October, when the new models are just coming in and dealers are in a rush to get old models off the floors and lots.

If you missed that, the folks at AOL Cars were of the belief that the best time to buy was in December, when dealers needed to make end-of-year sales quotas and were willing to offer rebates and discounts as high as 30%. The numbers supported it, as auto sales increased 9% in December and helped automakers sell 14.5 million cars in 2012, up 13.4% from 2011.

It still holds true that any time the weather gets gray and wet and dealerships and lots empty out is the best time to make a deal. That's not going to be true for much longer, though, as income tax rebates are trickling in and dealers will be in no mood to trim prices.

If you're hell-bent on braving the crowds for Presidents Day sales -- especially to pick up an SUV before the winter subsides -- there are still a few relative bargains out there. We consulted with the folks at auto pricing site TrueCar and found five vehicles worth spending a few thousand Washingtons and Lincolns on:

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs