Tips for Buying a Car at the End of the Model Year (Plus New Models Coming Out)

Towards the end of summer, a lot of companies start rolling out their cars for the new model year. Which can mean savings on older models.

Car Buying End of Model Year

It’s no secret that car companies don’t run on the same calendar schedule as the rest of us. Many of the top car companies end their model year around August and September, so that means the summer months are a good time to buy. There are lots of new models to look forward to and you can also get some good end of model year car deals right now. It’s a win-win for everyone looking to buy a new car.

With many companies releasing new models in the coming months, it’s a good time to look at what’s available. If you’ve had you’re eye on a 2017 model for a while, chances are the price will be going down soon. Or if you have desperately been waiting to see what the new changes bring there’s lots for you to look at.

Getting a Good Deal on a 2017 Model

During the model changeover is one of the best times to buy, according to NerdWallet, and get a good deal on new cars. Dealers are looking to make room for the new models by trying to sell the older one. So you can expect to see deeper discounts going on.

If you’ve been considering buying a 2017 model but have been waiting to pull the trigger, now could be the perfect time to get in on the end of model year car deals. Dealers will be facing more pressure to make sales on their inventory, so don’t be afraid to negotiate a little bit.

If you’ve been considering buying a 2017 model but have been waiting to pull the trigger, now could be the perfect time.

There are however, things to consider when buying one of those last year model car deals. If you are planning to resell it in a short period of time, you might be better off buying the new year model. Because it’s a ‘17 model and not an ‘18 model, you’ll probably get less resale value for it. Buying an older model is a good idea if you plan to keep the car around for more than years.

Another thing to factor in is the leasing. If you plan to lease the vehicle from the dealership, you should be able to get a much better monthly deal on the ‘17 model than the new one. If the differences in the new model aren’t very noticeable, that’s a pretty good deal. Unless of course you like to be able to say you’ve got the newest car on the market.

Things to Keep in Mind for New Models

When looking at the new models that are coming out, it’s good to remember some key factors. For starters, you should never pay more than sticker price for a new car. Some dealers will raise the prices of new models right when they come out because they know people want to be the first to have it. This is one of the tactics that some car salesman may use to get you to pay more than you should.

Being the first one on your block to have the newest model of a vehicle is no reason to overpay for something that depreciates the second you buy it. When you go to resell that car, you’ll be sorely disappointed about how much you overpaid compared to how much you’re getting for it.

Being the first one on your block to have the newest model of a vehicle is no reason to overpay for something that depreciates the second you buy it.

Like we mentioned earlier, if you are in the habit of buying a new car every few years, it’s a good idea to wait for the new year model instead of trying to get a lower price on an old one. You’ll be able to get the latest upgrades and be able to get a better trade-in price later on.

Also, when you’re cruising around in your new car, you’ll want to be sure and keep it safe. You don’t want to have any issues with your new car, so follow our summer driving tips to make sure you get all the fun and none of the headaches out of driving.

Top New Models to Consider

Now let’s talk about the exciting part, new models rolling out for the 2018 model year. If you are in the market for a new model and want to get the most up-to-date vehicles available, there are lots to choose from. Below are just a few of our picks:

2018 Buick Enclave:

Image source: Kelley Blue Book

2018 Audi A5/S5 Sportback:

Image source: Kelley Blue Book

2018 Cheverolet Equinox:

Image source: Kelley Blue Book

2018 Kia Stinger:

Image source: Kelley Blue Book

See other new 2018 models here.

Whether you’re looking for last year’s model at a great price of a new, top of the line model to show off, the summertime and early fall is a nice time to buy.

Just like any time you buy a new or used car, make sure that you keep in mind a few key points and know the value of the car.

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