Revealed: What Experts Think About Model Year End Closeout Sales
I’m sure you’ve heard the phrase, “timing is everything.” That phrase applies to almost every aspect of life up to and including, buying a new car. Every August, you see advertisements for model year-end closeout sales, and you may wonder if they’re actually worthwhile or not. Is the end of the model year the best time to get the best deal on a new car? Rather than have us tell you that our sale is, in fact, worthwhile; we thought it would be a good idea to see what some online experts had to say about the value that car buyers can find through a model year-end closeout sale.
Autotrader - "Another smart time to buy a new car is late summer or early fall, when new-model-year vehicles are rolling into dealers' inventories."
United Services Automobile Association (USAA) – “Shop for last year's models when the new ones are due or just rolling into the showroom. The dealership wants to sell new cars and will be more willing to make deals on older models to get them off the lot.” Edmunds - “As the new cars begin to arrive, last year's model loses its luster and also its high price. There are some surprising discounts and often a lot of customer cash rebates. Be sure to check Edmunds.com's Incentives & Rebates for customer cash rebates, low interest incentives and dealer cash.”
Huffington Post – “When new vehicle models come out, dealers are eager to get in with the new and out with the old. So it pays to watch the life cycle of your desired vehicle and pull the trigger to buy right before the next best thing comes out. 'End-of-model-years (leftovers) get the best discounts, as the dealer is paying to inventory these units, and they need to free up space and cash for incoming, newer models,' said Albert L. Engel, executive vice president and chief retail lending officer for Valley National Bank.”Marketwatch - "The time around Labor Day seems to be the sweet spot for bargain hunters, as new models jostle for space on dealers’ lots with the outgoing ones.Most car makers have rolled out next year’s models by early September. Dealers may be looking to clear out current-year models, making them more willing to work out a deal on their older inventory simply because they need the space."
As for our Model year-end closeout sale, Southpoint Volkswagen is offering 0% APR, with down payment on new, unused 2016 Jetta, Passat, Golf SportWagen and Tiguan models financed by Volkswagen Credit through August 31st. We are also offering a Volkswagen Prepaid Visa® Reward Card offer good on purchase or lease of a new, unused 2016 Jetta, Passat, Golf SportWagen and Tiguan models.
