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Should You Buy a Leftover Model?
October 21, 2010
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.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The 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 Network
Select 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).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, 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 Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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About The Author
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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