How to Save Serious Money on SUVs – Buying Unsold 2019 Inventory Overstock
When it comes to buying a new vehicle, we always look for the newer and better than the one we had before. Although, that doesn’t mean we have to target this year’s models – because If we take a closer look, most of the newer models aren’t much different from last year’s.
Despite this fact, that same equally good 2019 SUV model will cost much less now, and save you some serious money, as car dealerships must get rid of last year’s car models to make space for new ones.
Prices have dropped, so look for a 2019 SUV instead of a 2020 SUV. Dealerships are aiming to clear their inventory before the end of the year, so thanks to their current overstock, you could get a great deal on a brand-new SUV from 2019.
Pay Less for 2019 SUV and Get The Same Features
Most of those who don’t know about the automotive “model cycle” believe that cars are significantly improved each year. Even though a new model is released every year, this doesn’t mean that the car has been improved, compared to the previous one. That actually depends on the year of the car’s “model cycle“.
Some years the car will be exactly the same and some will be with visible changes. It’s all part of this cycle that every car manufacturer follows. It is a six-year phase that decides how much an SUV is modified. The automotive “model cycle” looks like this:
First and Second Year: No enhancements or modifications are made, the car continues to remain the same.
Third Year: A small but significant redesign to give SUV a fresh look, with a couple of technological advancements, improved car lighting, and/or different paint color.
Fourth and Fifth Year: As in the first two years, no modifications are made.
Sixth Year: A year where significant changes are done. In the 6th year of the cycle, there is a clear difference between the SUV models – everything is updated, including car interior, engine, chassis, and more.
For this reason, the 2019 SUV model won’t have many differences compared to the 2020 SUV. This cycle is something every car model goes through, and sometimes the only difference between the two SUVs is their price.
Let’s take a look back at the previous years, for instance, 2019 Hyundai Santa Fe SUV, according to Consumer Reports, can cost up to $31,000 while the 2018 model is $26,000. Clearly, you will save $5,000 or more by deciding to purchase a previous model instead of the latest one. Another example is a 2019 Jeep Renegade, which is according to Edmunds priced over $27,000, but a completely new 2018 model has an MSRP of $18,700 and a fair market price at $14,182 according to Motortrend.
- Credit: gearjunkie.com
Car Dealerships Need to Clear Out Inventory
An SUV buyer will benefit from discounts provided by retailers who need to make room for the new 2020 models. Car dealerships need to move 2019 SUVs by selling them, so a buyer can get a great offer for the models that have remained on the lot. Really good offers will be made for 2019 SUV in the period ahead.
A dealer is more likely to encourage new buyers and make an SUV more affordable with better deals, discounts, cashback offers, and other bonuses when a vehicle continues to remain unsold. All this is strongly influenced by the pressure of distributors to sell all the remaining models by the end of the year, which is one of their main goals.
The Bottom Line
Before you go to the local car dealership, make sure to do your research in advance to gain insights about the SUV prices. Researching 2019 SUV models, and comparing them to 2020 SUVs is important to know exactly what you’re dealing with.
Knowing exactly what dealerships have to offer ensures that you’ll score a clearance deal. It is quite possible that seeing a newly designed 2020 SUV will rock your decision, but remember that paying thousands of dollars more isn’t worth those small differences between the vehicles.
Another reason why research is important is to make sure you’re not paying too much for an SUV that has had little to no changes at all from 2019 to 2020.
Get a brand-new SUV that you love, for a reasonably low price, by learning dealership offers on 2019 SUV from all around the country.
Now that you know how it all works, that the last year’s model, according to the “model cycle”, is no different from this year’s model, you can make a smart purchase and save a lot of money on an equally good vehicle.