Generally in August and September most manufacturers introduce their new models for 2017. This creates an excellent opportunity for car buyers to get very strong deals on 2016 models that are still in inventory. There are however, some tips on how to make your best model year end deal.
Do your research online before you step into a dealership. You want to do your research so that when you get to the dealership you have a good idea of what you want to purchase, and even have some idea of pricing as many of the sites on the Internet provide this service as well.
Timing is important as well. Some models may be a good deal now, but a great deal later. As we approach year-end vehicles that are still left over will continue to drop in price and become much better values.
Many of the manufacturer’s offer very attractive financing or leasing options as well as strong cash-back offers. Weigh your options carefully as depending on your situation, cash-back may be a better deal than financing you may not have needed in the first place.
Typically the vehicles that are being redesigned completely will offer significantly better deals on their model predecessor. This again offers an opportunity to get a lot of car for a lot less money. Look for these models and negotiate your best deal on the 2016’s which will likely be heavily discounted and incentivized.
Lastly, it may be worthwhile to look at manufacturers whose vehicles you don’t currently own. Many of these manufacturers offer “conquest” deals that will offer additional cash-back offers should you decide to switch makes and move over to their product line.
As always, regardless of which car you choose it is very important to consider extended warranty coverage. An extended auto warranty is your best bet on protecting yourself from the inevitable, and unexpected car repair bills you will likely face.