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The best deals are going to be on a 1 or 2 year old new bike, right after the new models come out in the mags. or web sites. I've always managed to save a couple of bucks that way. Thats assuming the bike you're after isn't selling like hotcakes

Buying around christmas is a good idea because nothing looks nicer than a new bike in the garage. I don't know if time of year makes that much differance, I think it's more how long the dealers been sitting on the bike or manufacturer incentives that determine the price. Around here in the Seattle / Tacoma area most are selling at MSRP, then they'll knock off a few bucks if it's a non-current new bike.
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