Car Shoppers Prefer Outgoing Model Deals Over Redesigns
According to an online survey that autotrader.com released last week, 79 percent of car shoppers would rather get a good deal than wait for the latest redesign.
“From computers to phones to TVs and even cars, the next ‘new’ release seems to be just around the corner, making it harder for people to have the latest and greatest for very long,” says Rick Wainschel, vice president of automotive insights at AutoTrader.com. “In that environment, especially with such a large purchase as a car, many consumers seem to feel that good is good enough, particularly if it will save them some green.”
There may also be other benefits to not getting the latest and greatest. The Washington Post points out that the redesigned 2013 Ford Fusion and Ford Escape have had recalls for multiple issues, including problems “with their engines, headlamps, brake lines, and most recently, child safety locks.” As a result, shoppers looking for a reliable vehicle may want to wait a few years for all the kinks to be worked out.
Some redesigned 2014 vehicles include the Kia Forte, Cadillac CTS, Chevrolet Silverado, GMC Sierra and Subaru Forester. As all-new 2014 models begin to show up in dealerships, keep an eye on outgoing 2013 models to see if you can get a better deal. For example, if you check out our Subaru page, you’ll notice that the 2013 Forester is available with zero-percent financing. That’s better than the redesigned 2014 Forester’s 1.9% financing, and the 2013 model also has a lower base price.
In the market for a new vehicle? Check out the U.S. News rankings of this year's best cars. Then, look for a great deal on a new car by checking out this month’s best car deals. Also, be sure to follow us on Twitter and Facebook.