Should I Buy a Vehicle from this Model Year or Last in Ruston, LA
While many manufacturers release new vehicle models throughout the year, most models are released in the late summer or fall. Dealerships are well aware of this fact, so they attempt to clear out "this year's model" before they begin to offer the latest model.
Regardless of the time of year that next year's models arrive, the end result is a host of shiny, new, end-of-year-model vehicles that need to be bought. In other words, a dealership will most likely receive next year's models around August but will still have plenty of the current year's models of the same vehicle on the lot.
The situation can work out really well for car buyers, as dealers want to sell those end-of-model-year vehicles as quickly as they can. That said, buying a vehicle at end of model year may not be for everyone. Below, we highlight some of the key factors you should consider when purchasing a new vehicle at end of model year.
End-of-Model-Year Vehicles Are Priced to Move
One of the biggest perks of buying an end-of-model-year vehicle is the incredible deals you can score on a brand new car, truck or SUV. Dealers will often offer some of their best prices of the year on end-of-model-year vehicles, such as 0% financing or cash back options. Either way, incentives are easy to come by. From a financial standpoint, this is your best chance to drive home in a brand-new vehicle for less.
Consider How Long You Plan to Own the Vehicle
Plan on buying last year's or the current year's model? This may not be for you if you plan on giving up the vehicle after a short amount of time. If you purchase a new car, truck or SUV every two to three years, you're more likely better off purchasing the newest model for its increased trade-in value in the short term. But, if you plan on keeping the vehicle for five years or more, the difference in those values becomes negligible; therefore, you should consider the current or last year's model.
When Only the Latest and Greatest Will Do
On account of the latest and greatest technological advancements or slight modifications in engine performance, some folks prefer to drive the newest version of a vehicle, despite being able to get a better deal on last year's model. So, if you like to have the latest features and the newest, hottest style, you're probably going to have an edge with the newest model. However, some vehicles change very little from year to year, and the differences can be extremely subtle. When deciding between this year's model and next year's vehicle, talk to our sales team here at Karl Malone Toyota of Ruston. We'll help you determine what has changed and 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 Karl Malone Toyota of Ruston at 1001 N. Service Road East Ruston, LA 71270. 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 Monroe, Shreveport or Bossier City, we can help you choose the perfect brand-new vehicle for your particular situation.