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Year: It used to be the best time to buy was at the end of the model year, when manufacturers want the dealers to clear out the old models and make way for new ones (think rebates, incentives, and low prices). Now cars are released year round, so Sclar recommends paying attention to newspaper and dealership ads that tell when the new models are coming in. The end-of-year is also a great time to buy because salespeople may be trying to up their final sales figures. A potential drawback? As prices drop, selection may also.

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But the worst came when Michelle was about to sign the papers. She had specifically asked for a five-year financing plan. The slimy car salesman tried to slip the payments into a 72-month plan. Michelle is a biostatistician; she can do the math.

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