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New Auto Buying - 2013 or 2014 Model?

2014 Cadillac CTSThe Redesigned 2014 Cadillac CTS

As 2013 heads into the fourth quarter dealers are offering clearance pricing on most 2013 autos and bringing in new 2014 vehicles as quickly as they can.  This makes fall a great time to purchase a new vehicle, especially for shoppers that have been holding off on purchasing. New auto buyers have several things to consider in determining whether to purchase a 2013 model or a right-off-the-line 2014 vehicle.

Redesigns and New Models

In the case of brand new models such as BMWs i3, i8, 4 Series, and X4, Acura RLX, Chrysler 100, Ford Tansit, Jaguar F-Type, Volkswagen Polo, and several more there is no option for an older model so you can either buy a 2014 or hold off longer to get a used one when the new owners are ready to move on.

On the other hand, several manufacturers have redesigned vehicles for 2014. Acura has redesigned the MDX with improved fuel economy and increased interior room. GM has redesigned the Cadillac CTS and Escalade, along with the Chevrolet Corvette, Impala, and several trucks and SUVs.  Generally these redesigns offer improvements to safety, technology, and style.  If you want all of the bells and whistles that come with the newest vehicles then a redesigned 2014 model is the obvious choice. On the other hand redesigns can result in bugs or even recalls whereas the 2013 models already have been put to the test.

Some redesigns generate a lot of interest and the new model ends up selling at a premium early in the release cycle when supplies are limited. In these cases it is often better to wait until supply catches up with demand.

Resale Value

When it comes to resale value the 2013 autos on clearance are going to be worth less than 2014 models thanks to depreciation. 2013 vehicles are essentially one year even as you drive it off the lot. With vehicles that have been redesigned, not only is the 2013 model a year old, it’s also a generation older and typically will depreciate even faster. If you plan to keep the car for many years this may not matter but it should be considered.

Availability

Finally, when shopping for a new car, truck, SUV, or crossover, you may have difficulty finding the exact trim, color, or options you want if you wait too long on the 2013 clearance models. You’re basically limited to whatever the dealers have on hand if you want the best deals. If you’re trying to find a specific color combination or options package, you might have to go with the 2014 model to get exactly what you want.  The newer model is generally going to be the better buy anyway.

For help finding the best deals and financing let AutoBuying101.com point you in direction of your next auto.