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The best time to score a bargain on a new car is right now

New cars are selling briskly and at higher prices than ever, but for those looking to buy one, the best time is just about here: Labor Day seems to be the sweet spot for bargain hunters, as new models jostle for space on dealers’ lots with the outgoing ones.

Most car makers have rolled out next year’s models by early September. Dealers may be looking to clear out current-year models, making them more willing to work out a deal on their older inventory simply because they need the space.

Those deals come generally in the form of incentives, such as cash-back deals or low interest rates, said Phil Reed, a senior editor with Edmunds.com.

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