They say, keep an eye on the sales and jump in when the right car and right price match up.
When is the best time to buy a car?
If you're looking for a good deal on a new car, experts would say now is the time of year to do your shopping.
"Right now it is the model-year-end-sale-down. What that means is that auto-makers are going to start discounting the 2013 models.
They get them off the lot so the 2014 models can come in. The good news for consumers is that there is a lot of sales going on right now," Jessica Caldwell, Edmunds.com Director of Pricing and Industry said.
When it comes to how your'e going to finance the vehicle, one consideration is leasing. This was once exclusively a luxury car option but has become much more popular on most makes and models.
"A big change over the last ten years has been the expansion of different types of vehicles that have been available for leasing.
Toyota Corollas, Chevrolet Cruzes, Ford Focuses, these were cars considered to be purchase only but now leasing is a big part of that," James Bell, GM Head of Consumer Affairs said.
Used vehicles are often the best values to be found in the vehicle market, especially for models just two or three years old. especially for models just two or three years old.
Not only is the price lower, but continuing ownership expenses like collission insurance and taxes are lower.
However, make sure to consider all options before deciding between used and brand new.
"There are a lot of new features that are being introduced, a lot of safety equipment which is new, as well as a lot of telematics that will connect your i-phone and smart phone to the car. They sometimes include back-up cameras, all of those kinds of things might not be found in a car that's five years old," Phillip Reed, Edmunds.com Senior Consumer Advice Editor said.
Finally, does the savvy shopper wait until the last minute to get the best deal?
Only if you're willing to take the left-overs, say the experts.