Should I Buy a Vehicle from this Model Year or Last? | Greenville SC | Serving Greenville, Spartanburg, Anderson & Easley

New or Newer?

This Year's Model or Next Year's Model

New models come around throughout the year depending on the manufacturer, but most appear in the late summer or fall. Dealers usually want to try to get rid of the models from the previous year to make room on their lot for the newer ones. This becomes a bit of an issue when there is an excess of brand-new, end-of-model-year vehicles that need to go.

This scenario might benefit car buyers, since dealers want to sell the end-of-model-year cars as soon as possible. However, purchasing a vehicle at the end of a model year might not be the best fit for you. Find out more about some of the main considerations to keep in mind when buying a new vehicle at the end of a model year.

End-of-Model-Year Vehicles Are Priced to Move

The incredible deals might be too much to pass up when it comes to the remaining end-of-model-year vehicles that dealerships still have. Because dealers usually offer some of the best incentives at the end of the year, you might be able to score a deal like 0% APR financing or cash back. Incentives are not difficult to find, and so from a financial standpoint, this might be the best time to drive home in a new vehicle.

Consider How Long You Plan to Own the Vehicle

If you're not planning to drive this vehicle for long, then purchasing last year's model might not be the best plan for you. You'd be better off buying the newest model because of the increased trade-in value. However, if you're planning on keeping the vehicle for around five or more years, then the end-of-model-year vehicle is still a good choice.

When Only the Latest and Greatest Will Do

If you're someone who loves the cutting-edge technology that the newest models of a vehicle have to offer, then you might be wary of purchasing the model from the previous year. However, many times, little has changed between model years. So talk to our team here at Big 'O' to see how major the changes were between models and whether these changes matter very much to you.

If you're interested in learning more about the benefits of buying a vehicle at end of model year, visit us at Big 'O' Dodge Chrysler Jeep Ram at 2645 Laurens Road, Greenville, SC 29607. 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 Spartanburg, Greer, Anderson or Easley, we can help you choose the perfect brand-new vehicle for your particular situation.

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