Should I Buy a Vehicle from this Model Year or Last?
Dealerships typically want to clear out the current year’s model vehicles from their lots as soon as the newer model year cars, trucks and SUVs begin arriving. Though new cars are released throughout the year, it’s more common for them to be released at the end of the year. It usually results in a surplus of vehicles at the dealership, which creates an ideal buying environment for customers.
If you’re wondering if you should purchase a new car from the current year or the upcoming year, there are some things to consider before you stop by our dealership in Mobile. We’ve highlighted a few of the most important below — and we hope it will help you make a decision.
End-of-Model-Year Vehicles Are Priced to Move
Because dealers want to clear out their lots to make room for new vehicles, you’ll find some of the best offers of the year on end-of-model-year vehicles. Many dealerships offer incentives like 0% APR financing, cash back options and large trade-in allowances if you buy an end-of-model-year vehicle. It often means there’s no better time for you to find a new car for less.
Consider How Long You Plan to Own the Vehicle
If you’re the type who purchases a new car, truck or SUV every couple of years, then buying a year-end model might not be the best option for you. That’s because, in the short term, trade-in values are generally greater for a newer model. If you’re planning to own your vehicle for five or more years, the trade-in advantages become much less pronounced. So, in that case, it will probably serve you better to choose an end-of-model year vehicle.
When Only the Latest and Greatest Will Do
If you’re always wanting the latest technology, the most advanced feature or newest design trend, then the newer model will likely appeal to you more than an end-of-year model. Keep in mind, though, that some models change very little from one year to the next. It’s rare that there’s a complete redesign and features generally remain unchanged, so it can be difficult to discern differences beyond the exterior. If you’re trying to decide between model years, our team here at Lexus of Mobile will gladly highlight the differences between the two models for you. After all, our goal has always been to make sure you drive home happy no matter what vehicle you purchase from us.
If you’re ready to find the perfect new car for you, whether this coming year’s model or an end-of-year model, stop by our dealership in person at 3024 Government Blvd., Mobile, AL 36606 or visit us online where you’ll find a large selection of both years’ models. We look forward to serving customers from Gulf Coast, Daphne and Spanish Fort.