Often when planning a car purchase, the correct model and make of car make become the key deciding factor. Many times the research proves to be outdated as some car models become discontinued.
When a car manufacturer stops producing a model due to a number of reasons, it is called a discontinued car model. However, the benefits of buying a discontinued car model outweigh the risks. Buying a car that is no longer in showrooms can mean more savings. If you are planning to buy a car, the following points will help you understand why it makes sense to buy a discontinued car model.
1) Discounted purchase price
It will be priced significantly lower than a new car. One of the benefits of buying it is that you get a new car for the price of a used car. As a buyer, you are in a good position to get a favorable deal on a discontinued car model. The dealership needs to move inventory to make room for new cars in demand. So it becomes easy to negotiate a price that suits your wallet.
2) Shared spare parts
Many car buyers are hesitant to buy because of the potential risk of future parts unavailability. You can minimize risk as many automakers continue to produce auto parts long after they stop making a car. Additionally, you can transfer many parts from current models to the discontinued model. While buying from the manufacturer can be expensive, you can easily find shared replacement parts. Therefore, if the car requires repair in the future, you can repair it without any stress.
3) Wide variety of selection
It is relatively cheaper in price than a new car. The value for money received for the purchase of a discontinued model increases significantly due to low prices. The money spent on a new car purchase may mean compromising on some features. However, buying it can help you intensify your choice to select a better car. So you can take advantage of a bunch of enhanced features for a lower price.
4) Warranty period
When you buy a recently discontinued model, it’s likely eligible for warranty. During the warranty period, service and maintenance of auto parts are the responsibility of the original auto manufacturer. Many manufacturers produce parts in large volumes to cover the entire warranty period. Therefore, you will be able to easily repair it, until it enters the warranty period. And, a mechanic or expert can take care of any defects after the warranty period is over.
Buying it may bring some risks with it. However, there are many benefits to buying such a car. It can be a lucrative deal for a car buyer looking to make an affordable purchase. So the next time you want to buy a car, consider a discontinued car model.
