Guide to Buying a Car at the End of the Model Year

Guide to Buying a Car at the End of the Model Year

If you are in the market for new cars, there is one event that you should look forward to – the end of the model year. This is the period where new models are presented. Whether you consider used cars in raleigh or new ones, you can certainly find the best deals if you attend a sales event.

Aside from the best deals, you will have more choices because of a wider range of vehicles available. The end of the model year event can be overwhelming that is why you need to be prepared. If you do not know where to start, here’s a guide to buying a car at the end of the model year:

Watch the calendar

The end of the model year can vary from one brand or dealerships to another but in general, it starts to roll in the late fall or late winter. Prior to the big sales event, the dealers will advertise the clearance sales. If you can hold out buying until this time, you will have better opportunities and deals.

It is prudent to check the websites of dealers and manufacturers to give you an idea of when the event will take place. Aside from that, you can also consider newspaper ads for hints about the event.

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Make preparations

When you come to these events, make sure that you already completed your research. The following things should be considered:

• Figure out the kind of car you want: This is important so you will have an idea how much they cost and the features you need.

• Find time to test drive: You cannot just buy the car without testing it. Before you decide, you should get the feel of how the car is when driven. By test-driving the cars, you can compare them and make an informed decision.

• Examine your budget: After determining the cost and test-driving, you need to examine your budget. It is good if you have cash so you will not worry about monthly payments and the interest rate. If you do not have enough cash for a purchase, you can get pre-approved for car financing.

• Identify the closest dealership: For the sake of convenience, you need to identify the closet dealership. The dealership should have an excellent track record. You can find things about them if you look for reviews.

Prefer the discounted models

If you have heard about rumors that the car you like is about to be discontinued, it is the perfect time to strike. Manufacturers discontinue car models because of the disappointing sales. Discontinued models are often discounted to entice more car buyers. It is important that you move before the inventory levels are depleted.

Check the inventory online

Most dealerships feature a database of current inventory. Without physically going to the dealership, you can see the inventory through their website. You need to utilise the inventory at the end of the model year to uncover excess cars from the previous model year.

Avoid paying more than the sticker price

Dealers are free to sell the car more than the MSRP (Manufacturer’s Suggested Retail Price). You will find stickers with prices and dealers will often add accessories to mark up the price. It is imperative that you do not fall for this tactic.