Need to trade in or sell?
While new vehicles are released throughout the year, it's most common for them to be released toward the end of the year. Due to this, dealerships try to clear out the current year's models as quickly as they can, before the next year's models arrive. When the new models arrive, a surplus of new, end-of-year vehicles is the ending result. That means all of these need to be sold.
What does this mean for you? This is an ideal situation if you're looking to buy a car since dealers want to clear out these end-of-model-year vehicles as soon as possible. If you're wondering if you should buy a new car from the current year or the upcoming year, here are a few things to consider before you stop by the dealership.
End-of-Model-Year Vehicles Are Priced to Move
The best part of shopping for a car toward the end of the year? You can find some of the best deals of the year on end-of-model-year vehicles. Dealerships might offer incentives like 0% APR financing or cash back options. Because the dealer wants to clear out as many of these models as they can, this is the perfect opportunity for you to find a new car for less.
Consider How Long You Plan to Own the Vehicle
Don't plan on keeping your car for the long run? Buying a year-end model might not be the best move for you. If you're in the habit of purchasing a new vehicle every two to three years, a newer model might be the better option. Why? Increased trade-in value in the short term. If you're looking to drive your vehicle for five years or longer, the difference in value becomes negligible. If this is the case, you're better off choosing an end-of-model year vehicle.
When Only the Latest and Greatest Will Do
Perhaps you're compelled to own the latest technology and the most advanced features. If this is the case, the newest model is more likely a better option for you. On the other hand, some models may change very little from one year to the next, so the differences may be quite subtle. If you're trying to choose between model years, don't hesitate to ask our sales team at Parks Lincoln of Gainesville to find out the differences between the two versions. And, as always, we're happy to help, and we want to see you drive home happy in a vehicle you love.
If you're ready to find the perfect new car for you, stop by Parks Lincoln of Gainesville today at 3333 North Main St., Gainesville, FL 32609. We look forward to serving customers near Alachua, Starke, Ocala and Lake City.