It’s tempting to want the newest, coolest model of whatever’s available, and car’s are no different. But newness means expense, and why opt for a the newest model when the previous year’s will do just fine? Thanks to unsold inventory at dealerships, prices are better than ever.
Dealers need to make room for 2020 models and luckily, savvy internet users have the chance to get a top-of-the line SUV as dealers rush to clear space by posting the best deals online.
Difference Between Regular and Luxury Type SUVs
Regular SUVs are equipped with everything necessary to drive efficiently and safely. Luxury SUVs have all that and quite a bit more. Luxury materials such as quality leather or high-end wood grace the interiors of luxury models, as well as high-end sound systems.
The luxury feel is not limited to aesthetics only. Luxury models often feature a superior mechanical component such as stronger engines, smoother braking, and suspension for a more enjoyable experience, Consumer Reports claims. [1]
Car Payments Have Become Very Affordable
If all you’ve ever wanted was to own one of these beasts, now is the time to act. Two aspects of the car industry have combined to make a real buyers’ market. For one, used SUVs have become more readily available, according to Chicago Tribune. [2] Off-lease ones with low mileage can be found for beyond average prices nowadays upping the requirement for SUVs on the car market. Secondly, the general shift of focus from sedans to SUVs among buyers has spurred manufacturers to switch their focus as well, producing more SUV type vehicles than necessary in the process, lowering the prices of the new SUVs as well.
A surplus of merchandise and a need to make up for lost profit has made dealerships and manufacturers alike lower the prices of their products. As a result, nowadays vehicles such as Jeeps and Land Rovers can be bought for a monthly payment of approximately$200 to $400.
For example, according to reports from U.S. News, there is a 0% financing for certain Jeeps. [3] In the same report, they point to a Mazda CX-3 being as low as $199 a month, or a Toyota RAV4 which will cost you merely $219 a month. For the luxury side, they emphasize the Jaguar F-Pace model that starts as low as 419 dollars a month or Land Rovers with record low monthly payments of 399 dollars.
This is by no means a full list of discounts, seeing how the market’s inventory is enlarging, which just drives the prices even lower every month.
The Best Discount And How To Find Them
As always, research is the answer. Be sure to check both independent dealerships as well as the manufacturers and see what they offer. Also, make sure you compare and contrast the different offers you find. Another handy trick is to wait for dealerships to start sales on their unsold vehicle.
It’s very likely this climate will change soon, so if your dream was to be the proud owner of an SUV, you might want to keep this in mind.
[1]https://www.consumerreports.org/cro/cars/luxury-cars/buying-guide/index.htm
[2]https://www.bloomberg.com/news/articles/2017-02-17/suv-discounts-signal-flagging-demand-eroding-u-s-auto-profits
[3]https://www.bloomberg.com/news/articles/2017-02-17/suv-discounts-signal-flagging-demand-eroding-u-s-auto-profits