Should You Buy a Leftover Model?
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.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid