Should I Buy a Vehicle from this Model Year or Last? | Cookeville TN | Near Crossville & Sparta
Should I Buy a Vehicle from this Model Year or Last in Cookeville, TN
New models of vehicles are released throughout the year, but most of them are released in late summer or fall. Dealers try to sell off “this year’s model” before they start offering the latest model.
Whenever next year’s vehicles arrive, the result is a bounty of brand-new, end-of-year-model cars that need to be sold. A dealership may receive its 2019 model-year vehicles in August, for example, while the lot still has many 2018 versions of the same vehicle.
The situation can work to car buyers’ advantage, since dealers want to sell those end-of-model-year vehicles as fast as possible. But purchasing a vehicle at end of model year isn’t for everyone. Keep reading to learn what factors you should consider when deciding whether to buy a new car at end of model year.
End-of-Model-Year Vehicles Are Priced to Move
It’s obvious what advantage to buying an end-of-year-model vehicle is: the amazing savings. You’ve probably run across many radio, newspaper and TV ads for these savings. Dealers often offer some of their best incentives of the year, such as cash back options and 0% financing, on end-of-model-year vehicles. In terms of your budget, this may be the best opportunity to upgrade your ride to a new car, truck or SUV.
Consider How Long You Plan to Own the Vehicle
Don’t rush to buy last year’s model if you don’t plan to own the vehicle for long. Due to its higher trade-in value in the short term, a newer model is a better investment if you get a new car, truck or SUV every couple of years. The difference in trade-in value doesn’t matter if you intend to own your vehicle for five years or more. In that case, you should consider purchasing the end-of-model-year vehicle.
When Only the Latest and Greatest Will Do
Some car buyers crave the latest thing, whether it’s a cutting-edge technology or a slight upgrade in engine performance. While you can find great offers on this year’s model, a newer model could be more your speed if you like having the latest style and newest features. With that said, keep in mind that some vehicles barely change from one year to the next. The sales professionals at Cumberland Chrysler Dodge Jeep Ram FIAT will be happy to explain the differences between this year’s model and next year’s and help you decide if those differences matter to you.
If you’re interested in learning more about the benefits of buying a vehicle at end of model year, visit Cumberland Chrysler Dodge Jeep Ram FIAT at 1550 Interstate Dr, Cookeville, TN 38501. 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 Cookeville, Crossville or Sparta, we can help you choose the perfect brand-new vehicle for your particular situation.