Buying a Vehicle at End of Model Year in Gainesville, FL

New or Newer?

This Year's Model or Next Year's Model

Every year, like clockwork, new models of vehicles are released. And, also like clockwork, dealers attempt to clear out “this year's model” before they begin offering the latest model. In other words, a dealership gets its 2018 model-year vehicles delivered long before 2018. That leaves many 2017 versions of that same vehicle on the lot.

Given that dealerships inevitably have a large selection of brand-new, end-of-year-model vehicles that need to be sold – and they want to sell those end-of-model-year vehicles as quickly as they can – buyers looking for a new car may very well find themselves in the driver's seat. As appealing as that may sound, though, buying a vehicle at end of model year may not be for everyone. With that in mind, here are some of the main considerations for you to make when deciding between different year models of the same vehicle:

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

This one is a no-brainer. Dealers often offer some of the best deals of the year on end-of-model-year vehicles. Whether it's 0% financing or cash back options, incentives abound. So if saving money is of the utmost importance to you, this may be the best opportunity to purchase a new car, truck or SUV.

Consider How Long You Plan to Own the Vehicle

If you're the type who keeps your car for five years or more, the “older” model will likely be the better buy for you. That's because the difference in values between the two vehicles becomes less clear the longer you drive the vehicle. But if you get a new car, truck or SUV every two to three years, you'd probably be better off purchasing the newer model due to its increased trade-in value during that short time period.

When Only the Latest and Greatest Will Do

It's no secret that you can get great deals on that “older” brand-new model vehicle, but if you've got to have the latest high-tech features and body style, there's a chance the newer model has what you're looking for. As you likely know, some vehicles change very little from one year to the next and the differences can be subtle. To understand those differences, talk to the sales professionals at Parks Ford Lincoln of Gainesville. We can show you what you get with the later version and what you might not with last year's model. You can then make a more educated decision.

If you're interested in learning more about the ins and outs of buying a vehicle at end of model year, visit Parks Ford Lincoln of Gainesville at 3333 North Main St., Gainesville, FL 32609. We have a large selection of both end-of-year models and the latest models for customers in Gainesville, Alachua, Starke, Ocala and Lake City. No matter your preference, we can help you choose the perfect brand-new vehicle for your needs.

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