NEW YORK (MainStreet) —If you’re in the market to make a purchase — whether it’s clothing, a bicycle or even electronics — there is an ideal time of the year to buy to ensure you get the best deal.
We polled the experts to find which items are best to buy right now.
1. Winter clothes
During the middle of winter, chances are you already have the outerwear you need for the rest of the season. But if you think you’ll need a new coat for next year’s winter, the time to make this purchase is now.
“In February, retailers still have substantial stock on their shelves — both online and in store. However, now the stores will clear the winter clothes to make room for the upcoming spring inventory,” said Jon Lal, founder of BeFrugal.com.
To move the inventory and clear the shelves faster, stores use February as a time to offer discounts.
February is also prime time to make that big-ticket electronic purchase.
“For plenty of consumer electronics, the product cycle runs around the Consumer Electronics Show in January, and availability of those new products is in the months following. As a result, retailers need to clear out the current inventory to make room for the new items,” Lal says.
As with outerwear, the electronics sitting on the shelves now will need to be discounted to make room for items from CES.
Whether you’re furnishing a new home or just one room, this is undoubtedly a major expense. Making this purchase in February is bound to save you some money.