We asked our salespeople... When's the best time to buy a car? You can't choose when you buy a new vehicle because sometimes life happens, and you need a new car ASAP. But if you're just in the market for a new car and don't need it immediately, you'll find that buying at the opportune moment can drastically improve your chances of getting a good deal. That can mean a reduced sticker price, a significantly lower interest rate or cash back as part of the deal, all of which could save you thousands of dollars.

Looking to buy or lease a new car? Here are the best times to get the best deal and a low price.

- Before you need one - This gives you ample time to do your research and find the vehicle that best fits your needs and your budget.

- End of the month - Most retailers, regardless of what business they're in, set monthly sales goals, and car dealerships are famous for it. This can create a nice window of opportunity for you if you can find a dealer who's lagging behind their sales targets and the month is winding down, as they'll be much more likely to offer you a deal.

- Mondays - Weekends are usually the busiest times on dealer lots, while days early in the week are typically much quieter.

- The months of May, October, November & December - Automakers and their dealers start rolling out their Memorial Day deals well before the holiday. That means the most plentiful and generous cash back, financing and lease deals of the year will be available in this window too. For most of us, the annual calendar runs from January to December. For the auto industry, the new year really kicks off in October, with many all-new and redesigned models arriving in dealer showrooms. That means they need to get the old models off the lots. The changeovers lead to more incentives and discounts than shoppers will find in most other months. Dealers and their salespeople spend the months of November and December sprinting toward the finish line of their month-, quarter- and year-end sales goals. The dealerships are typically supported by automakers offering attractive financing and cash back deals.

- When there are incentives, rebates or financing deals - Sometimes a car, truck, SUV or minivan needs a bit of a boost to meet an automaker's sales or leasing goals. Those boosts come in the form of incentives such as cash back, financing deals or lease offers with low monthly payments and a smaller-than-usual sum due at signing.

- When a car has been redesigned or discontinued - For frugal buyers, a great time to buy or lease is toward the end of a vehicle's design cycle, when other shoppers are eyeing the new model. You'll see automakers start to promote car lease deals, financing offers and cash-back incentives before the new models arrive.

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