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When Is The Best Time To Buy A New Car? 2017 Year-End Or 2018 — We Explain
Best time to buy a new car - 2017 year-end make or 2018 new year make.
Did you know that majority of cars depreciates by almost 50 percent by the end of its 5th year? This prompts us to buy a car which offers better return while selling it later in the market.
One of the significant aspects is the year of manufacture of the new car. With less than six weeks to go for the new year, you could be wondering if you need to buy a car with 2017 or 2018 year of manufacture.
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Let's look at some of the advantages and disadvantages of buying a new car with year-end 2017 make and 2018 new year manufactured.
Advantages Of Buying A Year-End 2017 Make Car
Buying a new car with year-end 2017 make comes with a whole lot of benefits. Car dealers will look to liquidate their stock inventory before moving to New Year. Dealers will offer discounts on these cars, and you'll undoubtedly benefit from lower pricing.
There could be the slightest possibility that car manufacturers might increase the price of a particular car that you want to buy. Hence buying a year-end 2017 car makes that much sense instead of waiting.
Disadvantages Of Buying A Year-End 2017 Make Car
One of the most significant disadvantages of buying a year-end 2017 car means your car could be a year older than a car which is a 2018 make. While selling your 2017 manufactured car, you could be at a disadvantage with the vehicle fetching a lower price compared to 2018 make vehicle.
While the dealers could offer you several discounts on the year-end make cars, there is a possibility that might miss out on updates by the car manufacturer such as safety features, comfort, and convenience features.
Advantages Of Buying 2018 Manufactured Car
It is an emotional decision to own a car which is the latest year make rather than the previous year. Some buyers feel owning a car with the newest year make gives them peace of mind and satisfaction.
While selling your car, the car with 2018 make over 2017 will give you a better price. Also, if the discount offered on year-end 2017 make is not that significant, you might as well wait and purchase the car in 2018.
Disadvantages Of Buying 2018 Manufactured Car
Discount is the primary factor behind not buying a year-end 2017 manufactured vehicle. Dealers tend to clear their inventory and offer the best of benefits.
With most of the buyers waiting for the new year, car manufacturers understand that there could be an increase in demand and there is a possibility that they could increase the price of the vehicle.
DriveSpark Thinks!
While both the year make offer its advantages and disadvantages, you need to look at which suits your budget, requirements and most of all, look for the best price. Cars tend to depreciate the most, and you need to take advantage of any price cut, be it a discount or a price cut from the manufacturer.
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