Should I Buy a Vehicle from this Model Year or Last | Gainesville FL | Near Alachua, Starke, Ocala & Lake City

New or Newer?

This Year's Model or Next Year's Model

You know the drill: each year (and sometimes partway through), automotive manufacturers release a new lineup of vehicles for your driving pleasure. And because this event is easy to anticipate, with most coming out during the late summer or fall, it's common for dealers to offer special incentives on the current model year to help make room for their new arrivals.

That being said, it's not uncommon for dealership inventories to feature models from both the current model year, as well as the next, leaving you to decide which model is right for you. If you're in the market for a new vehicle and are trying to decide which model year you should purchase, check out the information below to learn which option is best for you.

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

The first perk of buying a vehicle at the end of its model year is pretty obvious. You hear about it on the radio; you see it in the paper and on TV: it’s the incredible deals. Dealers often offer some of their best deals of the year on end-of-model-year vehicles. Whether it’s 0% financing or cash back options, incentives are not hard to come by. From a financial standpoint, this may be the best opportunity to drive away in a new car, truck or SUV.

Consider How Long You Plan to Own the Vehicle

Buying what essentially amounts to last year’s model may not be for you if you don’t plan to keep your vehicle for long. If you get a new car, truck or SUV every couple of years, you’d probably be better off purchasing the newer model due to its increased trade-in value in the short term. If you plan to keep that vehicle for five or more years, however, the difference in those values becomes negligible. In that case, you should seriously consider the end-of-model-year vehicle.

When Only the Latest and Greatest Will Do

Whether it’s the cutting-edge technology or a slight modification in engine performance, some buyers prefer to drive the latest, newest version of a vehicle. So while you can get great deals on this year’s model, if you’re the type who likes the latest features and newest style, there’s a chance the newer model has the edge when comparing the two vehicles side by side. That said, some vehicles change very little from one year to the next and the differences can be subtle. So when choosing between this year’s model and next year’s model, talk to the sales professionals at Parks Ford Lincoln of Gainesville to determine what has changed, and then decide if those changes are important to you.

If you’re interested in learning more about the benefits 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 this year’s models, as well as next year’s models, on our lot. And if you’re in Gainesville, Alachua, Starke, Ocala or Lake City, we can help you choose the perfect brand-new vehicle for your particular situation.

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