Would
you like to buy a new car, but not pay the new car price? If so, now may
be the best time to buy. Every year, car dealerships begin discounting
current year’s models beginning in September in expectation of next year’s
models going on the market.
The
2012 car models will begin being discounted this fall as the 2013 models role
onto the car lots. Many 2013 models have gone through design changes, and
their 2012 counterpart will see even bigger discounts than usual (since they
will clearly look like an older model). Buying a 2012 right now is a smart choice
as well because you will be getting a brand new car with zero miles and a full
dealership warranty. It is also better to go online to find these deals,
research your trade-in’s value, and arrange your own financing before going to
the dealership.
While
many of you may be getting help from your parents to buy your first car, you
still want to make sure you are getting the best deal. Most of the time
buying new is not an option for young drivers who are buying their first car
because the price of the car is too excessive for their budget. However,
if you buy a new car between now and the end of the year you will be getting a
great price that would be comparable to a used car, but the new car will have
more perks. Some perks are reduced maintenance, full warranty, peace of
mind, legal standing if something is wrong with the vehicle, and roadside
assistance.
Ultimately,
car buying is a major financial obligation, so all aspects need to be examined
before you “sign on the dotted line,” such as the interest rate of a loan,
warranty, and insurance payment. If this isn’t the year for you to make a major
purchase, you should keep in mind that fall (beginning in September) is the
prime time to begin looking for when you need to buy a car.
READERS,
what do you think?
Are
you more likely to buy a new or used car?
Does
it matter to you if your car looks older than your friends' cars?
*Hannah H. Yazell in an undergraduate student with UK Department of Family Sciences
References
Clackum, Chris (Aired on
September 17, 2012). Deep Discounts Expected on 2012 Cars. NBC News. http://video.msnbc.msn.com/nbc-news/49063196#49063196.
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