The biggest shopping day of the year is not only about snagging discounted toys and plasma HDTVs at the mall. Car dealers and online banks also want in on the action.
Per CNNMoney, Friday, November 27, should be the best day of the year to buy a car:
Black Friday, the day after Thanksgiving, is the best day to buy a car, according to car pricing researchers at the Web site Truecar.com.
Analysts looked at day-by-day car pricing for the last several years. That data revealed that discounts on Black Friday are, on average, the biggest of the year.
“The discounts from dealerships, as well as manufacturers’ incentives, generate the highest discounts of the year on Black Friday,” said Jesse Toprak, an analyst for Truecar.com.
Meanwhile, online bank ING Direct will start offering special added-value CD and checking account promotions on Black Friday, along with discounted closing costs ($683 off, what the average American spends on holiday shopping) for anyone who applies for a mortgage on that day. Also:
On Cyber Monday, November 30, ING DIRECT’s brokerage, ShareBuilder, will offer a 20 percent discount on trades to help investors save money while they grow their investments.
The details regarding the CD and checking account deals won’t be announced by ING Direct until Black Friday itself.