Should I Buy a Vehicle from this Model Year or Last? | Crittenden KY | Near Lexington & Cincinnati

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Should I Buy a Vehicle from this Model Year or Last in Crittenden, KY

New models are released throughout the year, but the majority of vehicles are released at the end of summer or in the fall. As dealers anticipate the arrival of these models, they want to sell as many of the current year's models as possible before they offer next year's model.

No matter when the dealership receives next year's models, the result is a surplus of brand-new end-of-year models which need to be sold. An example of this situation is when a dealership receives 2019 models in August while there are many 2018 versions of the same model still sitting on the lot.

Dealers want to sell the end-of-model-year vehicles as quickly as possible, and this situation can be an ideal time to buy a new car. However, the end-of-model-year vehicle may not be the best choice for all car buyers. Keep reading to learn some important factors to consider when shopping for a new vehicle at end of model year.

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

The most obvious benefit of buying an end-of-year vehicle is the abundance of amazing offers you can find. Since dealers want to sell these models as quickly as possible, you can often find the best deals of the year on end-of-model-year vehicles. Incentives are readily available, whether they include 0% financing or cash back options. Financially, this is probably the best time to buy a new vehicle.

Consider How Long You Plan to Own the Vehicle

Buying last year’s model may not be the best option if you don't plan on driving your vehicle for long. If you typically buy a new car, truck or SUV every couple of years, it's probably best for you to purchase the newest model because of its increased trade-in value in the short term. On the other hand, if you plan to keep your new vehicle for five or more years, the difference in these values won't matter. If that's the case, we recommend that you consider the end-of-model-year vehicle.

When Only the Latest and Greatest Will Do

If you want the newest technology or an upgrade in engine performance, you may want to buy the latest model. While you can find incredible deals on the current year’s model, the newer model is probably a step ahead when both versions are compared. However, there may not be much of a comparison because some vehicles change very little from one year to the next. So when you're deciding between this year’s model and next year’s model, ask the sales professionals at Marshall Chrysler Dodge Jeep Ram to learn what has changed, then decide if these changes make a difference to you.

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To learn more about the benefits of buying a vehicle at end of model year, visit Marshall Chrysler Dodge Jeep Ram at 140 Spears Ln, Crittenden, KY 41030. 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 Crittenden, Lexington and Cincinnati, we can help you make a decision.

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