Should I Buy A Vehicle From This Model Year Or Last
When it comes to buying a new car, savings are usually a priority for many buyers. Because of that, some will wait until the end of the year to buy the model they’ve had their eye on. However, is this always the best idea? The answer isn’t always simple, so keep reading to find out if you should get your vehicle from this model year or last.
End-of-Model-Year Vehicles Are Priced to Move
The first perk of buying a vehicle at the end of its model year is fairly obvious. You hear about it on the radio and see it in the paper and on TV — it’s the incredible deals. Dealers often offer some of their best deals 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, it may be the best opportunity to drive away in a new car, truck, or SUV.
Consider How Long You Plan to Own the Vehicle
Buying what is basically last year’s model may not be for you if you don’t plan to keep your vehicle for too long. If you get a new car, truck, or SUV every few years, you’d probably be better off purchasing the newer model due to its increased trade-in value in the short term. If you plan to keep that vehicle for five or more years, however, the difference in those values becomes less important. 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 an improvement in engine performance, some consumers prefer to drive the latest, newest version of a vehicle. So while you can get great deals on this year’s model, if you’re the type who likes the latest features and newest style, there’s a chance the newer model has the edge when comparing the two side by side. That said, some vehicles change very little from one year to the next and the differences can be subtle. So when choosing between this year’s model and next year’s model, talk to a sales professionals at Miracle Toyota of North Augusta 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 Miracle Toyota of North Augusta at 5512 Jefferson Davis Hwy, North Augusta, SC 29841. 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 North Augusta, Bath and Clearwater, we can help you choose the perfect brand-new vehicle for your particular situation.