Buying leftover new cars

The thrill of buying a brand new car, but at a discounted price! Buying leftover new cars, also known as "overstock" or "end-of-model-year" vehicles, can be a great way to save money on a new car. Here's what you need to know:

What are leftover new cars?

Leftover new cars are vehicles that were produced for the current model year but are no longer being sold by dealerships as the new model year approaches. These cars are typically still under warranty and have been driven only for test drives or demo purposes.

Why are they discounted?

Dealerships want to clear out their inventory to make room for the new model year, so they offer discounts to sell these leftover cars quickly. This is a win-win for both the dealer and the buyer, as the dealer can free up space and the buyer can get a great deal on a brand new car.

Benefits of buying leftover new cars:

  1. Lower price: Leftover new cars are often priced lower than the current model year's cars, which can save you thousands of dollars.
  2. Still under warranty: Leftover cars are still under the manufacturer's warranty, so you'll have peace of mind knowing that any repairs or maintenance are covered.
  3. Similar features and options: Leftover cars often have similar features and options as the current model year's cars, so you can still get the car you want at a lower price.
  4. Less depreciation: Since leftover cars are already a year old, they've already taken the biggest depreciation hit, so you'll see less depreciation over time.

Tips for buying leftover new cars:

  1. Research: Research the car you're interested in to ensure it's a good deal. Check the car's history, reviews, and pricing to make sure you're getting a fair price.
  2. Check the warranty: Verify the warranty status and expiration date to ensure you're getting a car with a valid warranty.
  3. Inspect the car: Inspect the car thoroughly for any damage or wear and tear. Check for any recalls or open recalls.
  4. Negotiate: Negotiate the price based on the car's condition, mileage, and any additional features or options.
  5. Check for incentives: Check if there are any manufacturer incentives or rebates available for leftover cars.
  6. Work with a knowledgeable dealer: Work with a dealer who is knowledgeable about leftover cars and can help you find the best deal.

Where to find leftover new cars:

  1. Dealerships: Visit local dealerships and ask about leftover new cars. They may have a separate section or inventory for these vehicles.
  2. Online marketplaces: Websites like Autotrader, Cars.com, and TrueCar often have listings for leftover new cars.
  3. Manufacturer websites: Check the manufacturer's website for leftover car inventory or certified pre-owned programs.
  4. Auctions: Attend car auctions or online auctions to find leftover new cars at discounted prices.

Remember to do your research, inspect the car thoroughly, and negotiate the price to get the best deal on a leftover new car. Happy car shopping!