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Should I Buy a Vehicle from this Model Year or Last in Kennesaw, GA
Should I Buy a Vehicle from this Model Year or Last in Kennesaw, GA
New models of vehicles are released throughout the year, but the majority roll out in late summer or fall. Dealers try to sell off "this year's model" before they start offering the new one.
The delivery of next year's cars means that plenty of brand-new, end-of-year model vehicles need to be sold. For example, 2019 model-year vehicles could arrive at the dealership in August when they still have many 2018 models on the lot.
In order to sell those end-of-model-year vehicles quickly, dealers offer big savings to car buyers. However, purchasing a car at the end of model year may not be for everyone. We'll explain what you should consider if you're thinking about buying a new vehicle at the end of model year.
End-of-Model-Year Vehicles Are Priced to Move
Amazing specials are the main benefit of buying a vehicle at the end of its model year. Dealers often save the best incentives of the year for end-of-model-year vehicles, whether its 0% financing or cash back options. Chances are, you've heard about these savings on the radio, in the paper and on TV. From a financial standpoint, it may be best time to drive off in a new car, truck or SUV.
Consider How Long You Plan to Own the Vehicle
Buying "last year's model" might not be the wisest choice if you don't intend to keep your new ride for long. If you get a new car, truck or SUV every couple of years, a newer model is a better investment, because it has a higher trade-in value in the short term. But if you plan to keep your car for five years or more, the difference in trade-in values isn't significant. In that case, you should consider buying the end-of-model-year vehicle.
When Only the Latest and Greatest Will Do
Some drivers want the latest thing - whether that's cutting-edge technology or a slight upgrade in engine performance. If you're someone who likes having the latest features and newest style, you might prefer driving a newer model even it means passing up savings on this year's model. However, some vehicles barely change from one year to the next and the differences can be small. When choosing between this year's model and next year's, talk to the sales professionals at Cobb County Toyota to learn what's changed and then decide if those differences are important to you.
If you?re interested in learning more about the benefits of buying a vehicle at end of model year, visit Cobb County Toyota at 2111 Barrett Lakes Blvd., Kennesaw, GA 30144. 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 Marietta, Acworth and the Greater Atlanta area, we can help you choose the perfect brand-new vehicle for your particular situation.