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Is it a good idea to buy a car that has been discontinued?
Finding a Great Deal There’s more good news in store because, with few exceptions, the answer is a resounding yes. When a car gets canceled, dealers are often happy to get that specific model off their lots. This can be due to a new and potentially more popular model arriving to take its place.
What happens to the value of a car when it is discontinued?
Unsurprisingly, discontinued models tend to depreciate in value quicker than remaining ones. They also aren’t likely to be hot commodities in the used car market. However, sometimes discontinued models become more valuable over time or are even brought back to life.
What should you not say to a car salesman?
10 Things You Should Never Say to a Car Salesman “I really love this car” “I don’t know that much about cars” “My trade-in is outside” “I don’t want to get taken to the cleaners” “My credit isn’t that good” “I’m paying cash” “I need to buy a car today” “I need a monthly payment under $350”.
How much percentage can you negotiate on a car?
For an average car, 2% above the dealer’s invoice price is a reasonably good deal. A hot-selling car may have little room for negotiation, while you may be able to go even lower with a slow-selling model. Salespeople will usually try to negotiate based on the MSRP.
Do discontinued cars hold their value?
Going with a discontinued vehicle allows more wiggle room for negotiation, especially if a particular car has been on the dealer lot longer than average. However, most discontinued cars tend to lose more value on average.
What factors should a consumer consider before purchasing a discontinued brand of vehicle?
Always look at the current and future reliability of the vehicle, and whether the car is due for repairs in the near future. You’ll want to weigh these factors in deciding whether a discontinued, used car is a sound financial decision that will serve you for years to come.
Are discontinued cars more expensive to insure?
What happens to the value? A discontinued car may depreciate faster, in part because of the issues of repairing it, Gray said. Car insurance rates shouldn’t change too much since they’re based more on driver history and the cost to replace the vehicle rather than its brand, she added.
Can you still get parts for discontinued cars?
Don’t Worry In general, we strongly suggest that you avoid worrying about buying parts for a discontinued car. Automakers earn a lot of money in the parts business, so they usually continue making parts for years after a car is off the market.
What does it mean if a car is discontinued?
Sometimes things are really as simple as they seem, and in the world of automotive parlance, discontinued cars are just simply discontinued cars. It means they are no longer manufactured. Cars come and go, and just recently, the great and powerful General Motors shrank.
How do you outsmart a car salesman?
Car Buying Tips To Outsmart Dealerships Forget Payments, Talk Price. Dealers will try selling you to a payment per month rather than the price of a car. Control Your Loan. Avoid Advertised Car Deals. Don’t Feel Pressured. Keep Clear Of Add-ons.
How do you beat a car salesman at his own game?
10 Negotiating Tips to Beat Salesmen at Their Own Game Learn dealer buzzwords. This year’s car at last year’s price. Working trade-ins and rebates. Avoid bogus fees. Use precise figures. Keep salesmen in the dark on financing. Use home-field advantage. The monthly payment trap.
How do you negotiate off MSRP?
Buying a New Car: Tips for Negotiating a Good Price Run the Numbers. Before you go to the dealer, get to know about and research these items. Be Careful What You Share. Keep Negotiations Separate. Talk Price, Not Payment. Don’t Throw Out the First Number. Get Prices From Multiple Dealers. Be Prepared to Walk Away.
What is a lowball offer on a car?
A lowball offer can be anything considered less than the asking price depending on the occassion. I’ll give you a quick example, I am putting a up for sale a vehicle that is in excellent condition and has no mechanical or cosmetic issues because I received a job offer overseas or in another city.
How do you avoid dealer markup?
Here’s what you can do to avoid paying that dealer markup: Haggle. You may not have as much leverage in haggling as you used to, Brauer said, but it’s still worth it to try, especially if you’re serious about buying right then. Travel. Don’t buy now.
Do car dealers expect you to haggle?
Everyone loves a deal on used cars. Car buyers want to make sure they’re getting the best deal, while car dealers will always be happy to negotiate.
Is the Kia Stinger discontinued?
Earlier this July reports indicated that Kia would kill off the Stinger after the second quarter of 2022. At the time, the Stinger’s poor sales figures were the primary reason for thinking the vehicle would be axed. Now, we’re hearing that the Stinger won’t be discontinued.
Why did Chevrolet discontinue the Cruze?
Why Was It Discontinued? Chevy didn’t face any outside pressure to stop making Cruze vehicles or anything of the sort. The Cruze wasn’t plagued with problems that made Chevy suddenly decide to stop further production. In fact, the Cruze was a solid, reliable vehicle that was a good option for many car shoppers.
Are Holden cars still manufactured?
On 17 February 2020, General Motors announced that the Holden brand would be retired by 2021. It has been replaced by GM Specialty Vehicles (GMSV), which imports the Chevrolet Silverado and will also import the Chevrolet Corvette.
