Big Savings Available on Discontinued Models
Usually it means that either the model wasn't selling well, or it's being replaced by an all-new model.
As long as the manufacturer is still in business (unlike Saab), this type of situation can present a great buying opportunity for those still interested in the vehicle.
This week it was announced that 3 models will be discontinued: The 2011 Ford Ranger, 2011 Dodge Nitro, and 2012 Dodge Caliber.
This means production has stopped and the only models remaining are those on dealer lots.
Out of the three, the Ford Ranger is the most popular model being given the axe. More than 7 million have been sold during its nearly 30 year run.
There are approximately 10,000 Rangers remaining on dealer lots across the nation. Right now, you can purchase a brand new base model for 20% off MSRP, or around $15,000!
The 2012 Dodge Caliber will be replaced by the 2013 Dodge Dart, but if you're still interested in the Caliber, the 2011 model is selling for around 17% off MSRP. The 2012 model doesn't have such big discounts however. There are approximately 6,000 vehicles left on dealer lots right now.
As for the 2011 Dodge Nitro, there are 2,500 left on the lots and they're typically selling for 20% off MSRP.
The deals should get even better the longer you wait, but you risk the chance inventory will run too low and you won't have any decent colors or options to choose from.
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