Is it OK to buy a car that has been discontinued?
Buying a discontinued car model can be an investment, especially with older vehicles. Unlike with most cars, your vehicle might actually increase in value if you’re lucky — and you can often get a good deal on recently discontinued models. But it might not be the safest option out there.
What happens if a car model is discontinued?
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. Other dealerships might start slashing prices, which means less of a profit for every example sold.
Are discontinued car parts more expensive?
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.
Is it bad to buy the last model year of a car?
If you’re buying a car that you plan to have for years, we suggest that you buy at the end of the model year. You’ll save money, and the depreciation and potentially outdated design likely won’t matter to you. If you replace cars every 2 or 3 years, however, we’d suggest waiting for the new model year.
Is it hard to sell a discontinued car?
It is possible to sell a discontinued car, but it may prove to be more difficult than selling ones that are still being made. When it is discontinued, a car enters a different realm of interest for prospective buyers, making it a narrower niche market.
Is Ford Fiesta still made?
The Fiesta is being discontinued after the 2019 model year.
How do you get a car dealer to drop the price?
The best way to negotiate is to refuse to negotiate
you know your price, you’ve organised your finance and you know what you want), don’t negotiate. Just tell them what you want, tell them what you’ll pay and give them your number. Then leave. You have to be polite, but firm.
Are Impalas being discontinued?
GM announced the demise of the Impala, along with the discontinuation of other cars like the Chevy Volt and Chevy Cruze, back in 2018. But Impala production continued into early 2020.