Left-Over Cars for Great Deals
Buy left-over new cars for the best bargain
Every year, as new car models
arrive, car manufacturers and
dealers are frequently stuck with
many previous year’s vehicles.
This leads to some of the best
deals of the year–cash back
rebates, lease deals, and other
incentives on left over cars.
Dealer’s hold “clearance sales”
to promote these deals.
How does this work?
When an automaker sees that it and its dealers have any oversupply of certain
makes and models, they begin to offer incentives such as factory-to-customer
cash back rebates, special leases, low interest loans, and factory-to-dealer
rebates (that can be passed along to customer as price discounts). These
incentives usually are offered on a month-to-month basis, and as soon as a
particular make and model have been sold, the incentive will be dropped.
These incentive offers, particularly the cash-back rebates, are great opportunities
for customers. Purchase prices often fall below dealers’ invoice prices, below
dealer cost. Rebates can be used as a down payment on a new vehicle.
What’s the Catch?
There is no real catch except that your choices and options might be limited to
the cars that the dealer has in inventory. He might be able to find the car you
want at another dealer. However, you must be flexible by being willing to accept
a car that is not quite what you had in mind, but a great price.
Summary
Buying a leftover previous year’s model car can be a great deal if you can find
the make and model that you want. It might require some extra legwork looking
and getting price quotas, but the results can get you a brand new car at a
tremendous savings.