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December Car-Shopping Tips

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Year’s end can be a good time to buy a new vehicle. Many dealerships offer an abundance of discounts. Here are some strategies to help you take advantage of these holiday season deals. We’ll also share some tips for which types of vehicles will have the best bargains.

End-of-year shopping strategies

You might be tempted to buy a new car before Christmas, but it’s better to wait a bit longer, according to USA Today. Aim to shop for a new car between Christmas and New Year’s, since the closer to the very end of the year you get, the better deals you’ll find, since dealers are more desperate to clear out their old inventory. And make sure not to limit yourself to just 2018 model year vehicles. 2019 models will likely have a comparable cost to 2018 models, once you compare features and the depreciation rates.

2017 Chevrolet Malibu Silhouette

2017 Chevrolet Malibu

Which segments to focus on

  • Hybrids and plug-ins are worth exploring since the technology is progressing so rapidly that older model years are in less demand.
  • Compact, midsize SUVs are another vehicle type to consider. The recent demand for this segment has resulted in an overflow of SUVs on dealer lots nationwide. Due to market competition, many dealers are trying to outdo each other in providing the best discounts on these models — which serves to the buyer’s advantage.
  • Lastly, make sure to check out sedan options. In light of dwindling sedan sales, dealers are offering great bargains on their sedan models.

Good luck shopping for the perfect ride to help celebrate a new year full of new road trips and adventures.

News Source: USA Today