Automotive

Buying a used car before next model released

  • Last Updated:
  • Jul 11th, 2019 11:52 pm
[OP]
Newbie
Sep 10, 2006
82 posts
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Buying a used car before next model released

I’m looking to buy a used car and am currently looking at a 2019 coming off an executive lease.

I’m wondering if the 2020s are going to be avail to order in the coming month, should I wait? I don’t want a 2020 but I don’t want to get hosed on the price.

Thanks!
Last edited by sunshine141414 on Jun 30th, 2019 9:41 am, edited 1 time in total.
18 replies
Deal Addict
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May 11, 2009
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Debtario
Buy what you need when you need it. There will always be something newer coming out, and it will always cost more. If it's a good deal it will likely be gone before you have a chance to wait for a price drop.
"I possess a device, in my pocket, capable of accessing the entirety of information known to man. I use it to look at pictures of cats and get in arguments with strangers"
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Sep 8, 2017
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GTA
No info. We can't help you.
[OP]
Newbie
Sep 10, 2006
82 posts
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derass wrote:
Jun 30th, 2019 3:01 am
No info. We can't help you.
I was just wondering generally if the release of a new model automatically made the previous year's model worth less. I could wait up to a month to buy so wondering if it was silly to buy now. Thanks.
[OP]
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Sep 10, 2006
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M1K3Z0R wrote:
Jun 30th, 2019 12:02 am
Buy what you need when you need it. There will always be something newer coming out, and it will always cost more. If it's a good deal it will likely be gone before you have a chance to wait for a price drop.
Thanks for this. There is something about buying a car that always makes me feel like I'm being ripped off. LOL. Appreciate the input!
Deal Expert
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Jul 30, 2007
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sunshine141414 wrote:
Jun 30th, 2019 8:04 am
I was just wondering generally if the release of a new model automatically made the previous year's model worth less. I could wait up to a month to buy so wondering if it was silly to buy now. Thanks.
that's called depreciation ... even if it is new and sitting on dealer lot.
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Jan 15, 2006
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Richmond Hill
What’s the point of this thread? There’s always going to be something newer and better. You can keep waiting but you’ll never end up buying.
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sunshine141414 wrote:
Jun 30th, 2019 8:05 am
Thanks for this. There is something about buying a car that always makes me feel like I'm being ripped off. LOL. Appreciate the input!
It's not a feeling, it's reality. You get ripped off at every step of car ownership. Insurance, regulatory fees, gas, and depreciation. Maintenance too if you're not careful, but that is true for any machine.
What always gets me is the tax every time the car changes owners, the gov must make a killing on taxing the same item over and over.
"I possess a device, in my pocket, capable of accessing the entirety of information known to man. I use it to look at pictures of cats and get in arguments with strangers"
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Richmond Hill
M1K3Z0R wrote:
Jun 30th, 2019 9:39 am
It's not a feeling, it's reality. You get ripped off at every step of car ownership. Insurance, regulatory fees, gas, and depreciation. Maintenance too if you're not careful, but that is true for any machine.
What always gets me is the tax every time the car changes owners, the gov must make a killing on taxing the same item over and over.
Yup paying tax on a used car is the biggest scam ever.
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Fernando Po
EP32k2 wrote:
Jun 30th, 2019 9:59 am
Yup paying tax on a used car is the biggest scam ever.
Govt is.
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Dec 27, 2007
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M1K3Z0R wrote:
Jun 30th, 2019 9:39 am
It's not a feeling, it's reality. You get ripped off at every step of car ownership. Insurance, regulatory fees, gas, and depreciation. Maintenance too if you're not careful, but that is true for any machine.
What always gets me is the tax every time the car changes owners, the gov must make a killing on taxing the same item over and over.
Definitely not true. I have made money off every car I have purchased except for this one I currently drive.

I would buy one, drive for half a year to a year, sell and profit
warming up the earth 1 gas fill-up at a time...
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sunshine141414 wrote:
Jun 30th, 2019 8:04 am
I was just wondering generally if the release of a new model automatically made the previous year's model worth less. I could wait up to a month to buy so wondering if it was silly to buy now. Thanks.
There will be more chance that there is manufacture credit to offer compare to None on the new 2020 model.
Interest rate can probably be better than the new model.
Dealer or Salesman may have more flexibility to work on the price.

Con: you probably cannot choose the color or the trim that you want and they won't make a 2019 model for you, you have to take whatever is available.
Retired Forum Moderator February 2009 - June 2015
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tmkf_patryk wrote:
Jun 30th, 2019 8:09 pm
Definitely not true. I have made money off every car I have purchased except for this one I currently drive.

I would buy one, drive for half a year to a year, sell and profit
That can happen when buying a very used car.
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Since you are buying used, I believe whatever you have access to will be price accordingly regardless of 2019 or 2020.

Also, what kind of 2020 are coming off lease right now? They were on the market at best for 2 months?
[OP]
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Sep 10, 2006
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It’s a 2019 executive lease (used for one year by an employee of the manufacturer). Thanks for the input. Appreciate it.

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