Should You Buy a Leftover Model?
Dealerships are now well stocked with 2011 models, though there are some leftover 2010 models still available.
Many car buyers are wondering whether they should buy the new model year or go with a leftover 2010.
Here are some points to consider:
- In a given year, only about 20% of models are redesigned. That leaves the majority being sold as carry-overs.
- Data shows that most vehicles' reliability improves over the model lifespan, due to running changes to address bugs.
- Consider waiting until redesigned cars have demonstrated a proven reliability record.
- A leftover new car is considered a year old the moment it is driven off the lot. That means when you sell or trade it in, it will be valued similarly to other vehicles of that model year even though it's been on the road for fewer months.
- If you are a high-mileage driver, near-term depreciation shouldn't be much of a factor. In fact, long-distance drivers buying a 2010 at year's end will get one more model year to spread miles over.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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