Car Buying Tips: Why does it make sense to buy a discontinued car model?
Often when planning a car purchase, the correct model and make of the car becomes the key deciding factor. Many times, the research proves to be out of date as some car models become discontinued.
When a car manufacturer stops producing a model due to a number of reasons, it is called a discontinued car model. However, the benefits of buying a discontinued car model outweigh the risks. Buying a car that is no longer in showrooms can mean bigger savings. If you are planning to buy a car, the following points will help you understand why it makes sense to buy a discontinued car model.
1) Discounted purchase price
It will be priced significantly lower than a new car. One of the benefits of buying it is that you get a new car for the price of a used car. As a buyer, you are in a good position to get a favorable deal on a discontinued model car. The dealership needs to move inventory to create space for the new cars in demand. Thus, it becomes easy to negotiate a price that suits your wallet.
2) Spare parts shared
Many car buyers hesitate to buy it due to the potential risk of unavailability of parts in the future. You can minimize the risk since many car manufacturers continue to produce car parts long after they stop making a car. Additionally, you can transfer many parts from current models to the discontinued model. While buying from the manufacturer can be expensive, you can easily find shared replacement parts. Therefore, if the car requires repair in the future, you can repair it without any stress.
3) Wide variety of selection
It is priced relatively cheaper than a new car. The value for money received by purchasing a discontinued model increases significantly due to low prices. The money spent on a new car purchase may mean compromising on some features. However, buying it can help you intensify your choice of selecting a better car. So you can take advantage of a bunch of enhanced features for a lower price.
4) Warranty period
When you buy a recently discontinued model, chances are it’s eligible for the warranty. During the warranty period, the service and maintenance of the car parts are the responsibility of the original car manufacturer. Many manufacturers produce parts in large volumes to cover the entire warranty period. Therefore, you will be able to easily repair it, until it enters the warranty period. And, a mechanic or an expert can take care of any defect after the end of the warranty period.
Buying it can bring some risks with it. However, there are many benefits of buying such a car. It can be a lucrative deal for a car buyer looking to make an affordable purchase. So the next time you want to buy a car, consider a discontinued car model.