Should I Buy a Car from this Model Year or Last?
If you're trying to upgrade your vehicle to something new, you've probably considered different avenues to save money in the process. One of the most popular ways is to wait for great sales, and most of those happen at the end of the model year. However there are also perks to buying the newest model soon after it comes out. Keep reading to learn more about which option is most beneficial to you.
End-of-Model-Year Vehicles Are Priced to Move
The first advantage of buying a vehicle at the end of its model year is pretty clear. You hear about it on the radio; you see it in the paper and on TV: it's the great deals. Dealers often have some of their best prices of the year on end-of-model-year vehicles. Whether it's 0% financing or cash back options, incentives are not hard to come by. From a financial standpoint, this may be the best chance to drive away in a new car or SUV.
Consider How Long You Plan to Own the Vehicle
Buying what essentially amounts to last year's model may not be for you if you don't plan to keep your vehicle for a long time. If you get a new car or SUV every few years, you'd probably be better off purchasing the newer model because of its increased trade-in value in the short term. If you intend to keep that vehicle for five or more years, however, the difference in those values becomes negligible. In that case, you should seriously consider the end-of-model-year vehicle.
When Only the Latest and Greatest Will Do
Whether it's the cutting-edge technology or a minute modification in engine performance, some buyers are more partial to the latest, newest version of a vehicle. So while you can get good deals on this year's model, if you're the type who likes the most up-to-date features and newest style, there's a chance the current model has the edge when comparing the two vehicles side by side. That being said, some vehicles change very little from one year to the next, and the variances can be subtle. So when picking between this year's model and next year's model, talk to the sales professionals at Carlton Motorcars, Inc. to determine what has changed, and then decide if those changes are important to you.
If you're interested in learning more about the benefits of buying a vehicle at end of model year, visit Carlton Motorcars, Inc. at 2446 Laurens Rd, Greenville, SC 29607. We have a large selection of this year's models, as well as next year's models, on our lot. And if you're in Spartanburg, Anderson or the Upstate, we can help you choose the perfect brand-new vehicle for your particular situation.