Should I Buy a Car from 2020 or 2021?

Should I Buy a Car from 2020 or 2021?

While new model releases are typically dropped throughout the year, the end of the year is when most brands release their new models. Dealerships face an influx of these new models but most still have the vehicles from last year in stock, which motivates dealers to start dropping specials on the older models. For the customer, the end of the year is an ideal time to buy, but that doesn’t necessarily mean you should go for end-of-year models. So which one is right for you? Here are a few things to consider to help you decide which model year is the best fit. Keep scrolling below and contact us if you have any questions after reading below:

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2020 Models Are Priced to Move

Not only are manufacturer incentives some of the best towards the end of the year, but our specials on new 2020 models are, too. Shopping during the last few months of the year means you’ll get to participate in once-a-year kind of savings, like 0% APR financing, $0-down lease offers or cash back options. The dealer’s goal is to clear their lot for their shiny, new 2021 models, so it’s a perfect opportunity to find a brand-new car for less.

How Long Do You Plan on Owning the Car?

It’s an important question. If you plan on buying or leasing for only a short period of time, going with the newer model is the better choice. A 2021 car, truck or SUV will have better short-term trade-in value since it’s a newer year, but if you’ll drive your model for longer, it’s best to go with the 2020 model instead.

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When Only the Latest and Greatest Will Do

We understand. Sometimes, the latest technology and most advanced, innovative features are pretty attractive to own. If you see the latest 2021 model as appealing, it’s probably your best option. We want you to own or lease the car you love, so why not? Keep in mind, though, that unless it’s a redesign or a new audio system (for example), the differences between 2020 and 2021 models will be subtle, so do your research beforehand. Our team here at Simpson Chevrolet of Garden Grove knows our Chevrolet models inside and out, so if you have any questions, ask away!

If you're ready to find the perfect new car for you, stop by Simpson Chevrolet of Garden Grove at 10150 Trask Avenue, Garden Grove, CA 92843 today. We're proud to serve customers from Santa Ana, Anaheim, Buena Park and Westminster.