Should I Buy a Vehicle from this Model Year or Last in Hopkinsville, KY
As manufacturers release brand new models of vehicles, the previous year's models might not have sold out and might still be on the lot. They're also new, and many times have the same features as the newest model. However, many dealers are looking to move these off the lot before the newest ones arrive.
This could pose a great situation for you as a consumer looking for a new car, because dealers will be looking for ways to get these vehicles off their hands, including providing incentives to buy one of these new vehicles. Keep reading to find out whether buying an end-of-model-year vehicle is right for you.
End-of-Model-Year Vehicles Are Priced to Move
The first perk of buying a vehicle at the end of its model year is reasonably obvious. You hear about it on the radio and see it in the paper and on TV — it’s an incredible deal. 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 very 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 latest technology or a subtle modification in engine performance, some buyers prefer to drive the latest and greatest version of a vehicle. So while you can get awesome 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 vehicles 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 the sales professionals at Toyota of Hopkinsville 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 the end of model year, visit Toyota of Hopkinsville at 4395 Fort Campbell Blvd., Hopkinsville, KY 42240 today. 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 Murfreesboro, Shelbyville and Middle Tennessee, we can help you choose the perfect brand-new vehicle for your particular situation.
