Purchasing a shiny new car is an exciting prospect for many. And doing so at the end of the year provides unique benefits that savvy car buyers can capitalize on. In this article, you’ll find 7 advantages you can look forward to when obtaining new wheels in late fall or early winter.
1. Enjoy Year-End Discount Offers
As the calendar year wraps up, dealerships are eager to move the remaining inventory off the lot to meet annual sales quotas and revenue targets. This equates to stellar pricing discounts and incentives like no down payment deals, 0% APR financing, and thousands off MSRP to incentivize buyers during the slower winter sales season. Shopping end-of-year clearance sales could score you unbeatable savings.
2. Access the Latest Model Year Styles
The newest model year versions from all major automakers typically start arriving at dealerships in the fall. By shopping end-of-year, you can drive home the most recently released modern styling and updated feature sets. You may even encounter some newly launched special edition packages only found on the latest model year.
3. Benefit from Dealer Tax Incentives
Dealerships can qualify for valuable tax deductions on new cars sold to retail customers versus sitting in inventory. By striking a deal at year’s end, you may be able to negotiate a lower price since it directly benefits the dealer come tax season. It’s a win-win situation for buyer and seller.
4. Experience Peace of Mind for the New Year
Entering the next year with a new vehicle provides assurance and confidence from the start. You can depend on a bumper-to-bumper factory warranty, no previous wear and tear issues, no lingering scheduled maintenance, and modern safety advancements.
5. Enhance Availability of In-Demand Features
By the year’s end, production kinks are resolved allowing you access to full model configurations and in-demand tech features that may be constrained at launch. Special orders are fulfilled and popular packages become easier to score as supply catches up with buyer demand. Patience pays off!
6. Avoid Rising Interest Rates Impacting Loans
Should interest rates rise in the new year, it would increase the APR percentage you pay when financing a vehicle purchase. Buy now to lock in the best terms on any auto loans before rates creep upwards. Saving a few points on a 5- or 6-year loan term really adds up.
7. Ease the Vehicle Registration Process
Registering a gently used existing model-year vehicle often requires extra paperwork and documentation that is avoided when purchasing a new one. Additionally, buying the current new model year means you stay up-to-date longer before registration renewals. Dealers can often handle initial new registration during the sale.
While a major outlay like a car tends to be a well-researched, carefully weighed decision, occasionally seizing a great opportunity that presents itself proves wise. Leveraging the unique perks only season year end new model vehicle shopping offers could satisfy both your wants and practical needs while optimizing value. Just don’t wait too long into the new year and miss out!
Keep in mind that dealerships often clear out older models to make room for the new ones, and these clearance deals can be an excellent chance to secure a high-quality vehicle at a more budget-friendly price.
