Often while planning to purchase a car, the right model and the car manufacturing brand become the key deciding factor. Many a times, the research proves to be outdated as some car models become discontinue.
When a car manufacturer stops producing a model because of 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 which is no longer in showrooms can mean greater savings. If you are planning to purchase a car, the following points will help you to comprehend why it makes sense to buy a discontinued car model.
1) Discounted Purchase Price
It will have a significantly lower price than a brand new car. One of the benefits of purchasing 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 for a discontinued car model. The dealer needs to move inventory to create space for new cars in demand. Therefore, it becomes easy to negotiate a price that suits your wallet.
2) Shared Spare Parts
Many car buyers hesitate to purchase it due to the potential risk of unavailability of spare parts in the future. You can minimize the risk as many car manufacturers continue producing car parts long after they stop manufacturing a car. Additionally, you can transfer many spare parts of current models to the discontinued model. While purchasing from the manufacturer can become expensive, you can find shared spare parts easily. Thus, if the car requires repairing in the future, you can mend it without any tension.
3) Wide Choice of Selection
It comes at a relatively cheaper price than a new car. The value for money received from buying a discontinued model significantly increases due to cheap pricing. The money spent on purchasing a new car can mean compromising on a few features. However, purchasing it can aid you to step up your choice of selecting a better car. Therefore, you can avail a pool of upgraded features for a lower price.
4) Warranty Period
When you purchase a recently discontinued model, chances are that you eligible for warranty. During the warranty period, the servicing and maintenance of car parts are the responsibility of the original car manufacturer. Many manufacturers produce parts in high volumes to cover the entire warranty period. Thus, you will be able to repair it easily, until it falls under the warranty period. And, a mechanic or an expert can attend to any defect after the warranty period is over.
Purchasing it may bring some risks with it. However, there are many benefits of buying such a car. It can be a lucrative deal for a car buyer looking to make an affordable purchase. So, next time when you want to buy a car, consider a discontinued car model.