Tips for Buying a Car at the End of the Model Year in Memphis, TN
Tips for Buying a Car at the End of the Model Year
If you’ve been in the market for a new car, we have a few handy tips for you that are sure to help you save on your next new Toyota. There are plenty of things to keep in mind when shopping new, but the first thing to remember is to buy your 2020 model when the 2021 model has already been released. End-of-year models are typically priced to make room for the new models that are coming in, which means more savings are going in your wallet. Keep reading to learn more about the benefits of buying a new car at the end of the model year below:
Look for Manufacturer Sales Events
Big sales events always run at the end of the year since most manufacturers will want to capitalize on holiday shopping. Toyota incentives, while always eye-catching year round, are especially attractive during the holiday season, so keep an eye out for when these sales events start and end to maximize your savings.
Wait for the New Model Year to Drop
If you’ve had your eye on a specific Toyota, wait until the new model year releases before driving down to our dealership to purchase it. While it can be difficult to wait (believe us, we understand), the price may be more alluring once the 2021 models start to arrive on our lot.
Be Sure to Price Shop
While it may seem counterintuitive for us to suggest shopping around to other dealerships for the best price, we have a small feeling that you’ll come back to us. Growing your understanding of market value will also help when negotiating your terms in our finance office since you might be able to pull in a quote from another store to help secure the price you want.
Research Available Incentives
Just like researching manufacturer incentives, look at dealer-specific sales events as well. We offer savings in the form of customer cash, APR specials like 0% or even $0-down leases on your new Toyota models. Keep our new car specials in mind when selecting your favorite model!
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 Chuck Hutton Toyota at 4601 Hutton Way, Memphis, TN 38116. We look forward to serving our customers near Southaven, Whitehaven and the Goodman Road area.