The end of the year is getting close, and you're in the market for a new vehicle. This situation has you wondering: can I score a better deal at the end of the model year? While there are plenty of variables, it is actually likely that you can score a fantastic price on a new vehicle from the previous model.

You may be thinking this is too good to be true. Or you may feel like you're not getting the most for your money, because you're seeking the latest and greatest in technology and other amenities. Actually, though, the answer lies somewhere in the middle. Depending on the year, vehicles don't always vary greatly from one to the next. You just need to do your due diligence before purchasing so you can make the decision that best suites your wants and needs.

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Look for Manufacturer Sales Events

While shopping at the end of the year in general will help you save money, keep an eye out for manufacturer sales events. Most brands have special events like a model year-end event or something similar, where you'll likely find even greater savings.

Wait for the New Model Year to Drop

Just because you've made it to the final quarter of the year does not mean you'll receive year-end pricing on a new vehicle automatically. New vehicles get rolled out periodically, rather than on a specific day or all at once. Once you see that a vehicle has been released, it's time to price shop last year's model.

Be Sure to Price Shop

Like we mentioned previously, price shopping is important. This means that you should be comparing prices for a variety of trims, as well as prices from different dealerships. While many buyers negotiate their sales terms, bringing in a quote from another store may help you secure the price you're looking for too.

Research Available Incentives

This principle goes almost hand in hand with investigating year-end manufacturer events. From special APR offers like 0% for a particular amount of time, to special bonus cash offers or $0-down leases, there are a lot of different ways you can save when you're driving home a new vehicle. Keep yours eyes peeled and be sure to ask questions.

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If you're interested in learning more about the benefits of purchasing a new vehicle from the previous model year, feel free to contact us directly or stop by Karl Malone Toyota at 11453 South Lone Peak Parkway, Draper, UT 84020. We look forward to serving our customers near the Salt Lake City and Orem areas!