New or Newer?

This Year's Model or Next Year's Model

Manufacturers release new models of vehicles throughout the year, but most release them in late summer or fall. Dealers are obviously aware of this, so they try to clear out “this year’s model” before they begin offering the latest model.

Regardless of when next year’s vehicles arrive, the result is a glut of brand-new, end-of-year-model vehicles that need to be sold. In other words, a dealership may get its 2019 model-year vehicles delivered in, say, August while it still has a good many 2018 versions of that 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

The first perk of buying a vehicle at the end of its model year is pretty obvious. You hear about it on the radio; you see it in the paper and on TV: it’s the incredible deals. 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, this 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 essentially amounts to last year’s model may not be for you if you don’t plan to keep your vehicle for long. If you get a new car, truck or SUV every couple of 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 negligible. 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 cutting-edge technology or a slight modification in engine performance, some buyers prefer to drive the latest, newest version of a vehicle. So while you can get great 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 Parks Lincoln of Gainesville 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 end of model year, visit Parks Lincoln of Gainesville at 3333 North Main St., Gainesville, FL 32609. 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 Gainesville, Alachua, Starke, Ocala or Lake City, we can help you choose the perfect brand-new vehicle for your particular situation.