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Cheap flights, How to get the best deals on airfare

How to Get the Best Deal on Airfare

According to a study done by CheapAir.com, you should book your flight 76 days in advance to receive the lowest possible price. Now don’t go counting out 76 days just yet…every person’s trip is different and a variety of factors went into obtaining this number. CheapAir.com does state booking a flight within 21-115 days in advance will also give you a price not far off from the lowest possible price.plane_flying

Here are some best practices to follow when you are booking a flight:

Timing is everything: We already mentioned how many days in advance you should purchase your tickets, but what about which day of the week? A study by FareCompare.com suggests purchasing tickets on a Tuesday usually yields to lower prices. They even go into further detail and suggest making your purchase at 3pm Eastern time to monopolize on obtaining the lowest possible price. Lastly, flying on a Wednesday or Saturday could bring down your costs as well as flying late at night or early in the morning.

Stay informed: As soon as you know the date of your trip, start looking up airline fares. Checking prices daily and getting a feel for the average price helps when booking a flight. Stay connected by “liking” various airline companies you are considering on Facebook and “following” them on Twitter. Deals via social media are the latest trend for airline companies. Sign up for various email alerts through travel websites to gather information on a wide variety of airlines. For example, Expedia and Skyscanner are great resources to use when searching for flights. We also suggest signing up for various airline companies’ newsletters. Newsletters can give ideas on where to fly for an up-and-coming vacation for cheap if you are not already set on a destination.   

Flexibility: This brings us to being flexible! Taking into consideration holidays and which season you are looking to fly during also factors into your overall costs. Flying into an alternate airport and renting a car to drive the rest of the way could save you hundreds as well.

Prepare: Prior to getting to the airport, look up the airline’s baggage information and possible fees. Packing less or within certain restrictions could ultimately save you money in the long run. We also found that waiting until the last minute to get a flight does not save you money, but often times leads you to spend more than you would have if planned in advance.

Programs: Airline loyalty programs or frequent flyer miles offered by credit card companies could help you snag a great deal on a flight.

Think outside the box: This could simply mean mixing and matching various airlines to get the lowest possible price for your trip. Another way to help reduce costs is to break up larger groups. While this could seem to have the opposite effect, buying tickets together in bulk could actually cost more.

While a variety of factors come into play when booking a flight, being proactive and constantly checking airline prices may significantly reduce the cost of your flight.

Have your destination picked out, but need help funding your next vacation? Don’t stress; we might be able to help! We will work with you to help you find a solution that best fits your budget and needs. Contact your local Personal Finance Company branch today to discover how we can help!

This material was prepared for general distribution. Although all blog posts are intended to be accurate, the information and third-party links provided in the Personal Finance Company’s blog are intended for general knowledge and educational purposes only without any warranties, implied or express, of any kind. The posts do not constitute investment, financial or other advice. Authors may or may not be licensed financial professionals; for specific advice, seek the input of a licensed and trained financial expert. Personal Finance Company blog entries may also be viewed at www.marinerfinance.com.

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Personal Finance Company, LLC, NMLS No. 123861 (www.nmlsconsumeraccess.com).
8211 Town Center Drive, Nottingham, MD 21236. Telephone Number 877-310-2373.

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Personal loans offered by Personal Finance Company, LLC are not available in all states. Loan terms are not guaranteed, and APR’s and terms vary based upon state laws and regulations but the APR will not exceed 35.99%. Various factors are taken into consideration when determining loan eligibility, which include, but are not limited to, credit history, loan amount, loan term, income, and debt. Loan closing is contingent upon submission of all required documentation and agreement to all terms and conditions of the loan agreement.

As an example, with an amount financed of $5,000.00 the borrower receives $5,000.00 at an APR of 29.63% and an interest rate of 28.94% which includes a finance charge of $3590.56. Under these terms, the borrower would make 48 monthly payments of $178.97, for a total of payments of $8,590.56. The amount financed may not be the net proceeds paid if charges other than interest are included in the loan.

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