Should I Buy a Vehicle from this Model Year or Last?

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Should I Buy a Vehicle from this Model Year or Last in Sumter, SC

Some manufacturers release new vehicle models throughout the year, but most release them during late summer or fall. Dealers know this, so they want to clear out the current year’s model before offering the newest model.

Regardless of when the latest vehicles arrive, the surplus of year-end models need to be sold. For example, a dealership may get its 2019 models delivered in August while there are still many 2018 versions of that same model available on the lot.

This situation can benefit car buyers since dealers want end-of-model-year vehicles sold as quickly as possible. Even so, buying a vehicle at the end of a model year may not be the best option for everyone. Highlighted below are some of the main factors to consider when purchasing a new vehicle at the end of a model year.

End-of-Model-Year Vehicles Are Priced to Move

The main perk of purchasing a vehicle at the end of its model year is rather obvious. You hear about the incredible deals on the radio, and you see it in the paper and on TV. Dealers often offer some of their best deals on cars at the end of their model year. Whether it’s 0% financing or cash back option, there is an abundance of incentives available. From a financial standpoint, this may be your best chance of the year to drive away in a brand new car, truck or SUV.

Consider How Long You Plan to Own the Vehicle

Buying last year’s model may not be the best option for you if you plan on keeping your vehicle for short amount of time. If you buy a new vehicle every few years, you’ll probably be better off purchasing the newer model because of its increased trade-in value in the short term. If you plan on keeping a vehicle for five or more years, however, the difference in those values becomes inconsequential. In that case, you should seriously consider buying a car at the end of its model year.

When Only the Latest and Greatest Will Do

Whether it’s the appeal of advanced technology or an upgrade in engine performance, some buyers want to drive the latest version of a vehicle. So while you can score fantastic deals on this year’s model, next year’s model likely has the advantage when the two vehicles are compared. On the other hand, some vehicles might 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, ask the sales professionals at Scott Will Mazda of Sumter about the differences, and then decide if those changes are important to you.

Mazda

To learn more about the benefits of buying a vehicle at the end of its model year, visit Scott Will Mazda of Sumter at 2540 Broad Street, Sumter, SC 29150. We have a large selection of this year’s and next year’s models on our lot. If you’re in Sumter, Lugoff or Florence, we can help you choose the perfect brand-new vehicle for you.