Car Shopping Tips: How to Find the Best Deals on Slow-Selling Models
In recent years, car shoppers have faced challenges such as inventory shortages and price gouging. However, the market is slowly healing, and some dealers now find themselves with an excess of inventory. This means that there are opportunities for savvy shoppers to get great deals on slow-selling models. In this article, we’ll take a closer look at which vehicles are sitting on dealer lots the longest, and provide tips on how to find the best deals.
Which Vehicles Are Sitting on Dealer Lots the Longest?
According to a recent report by CarEdge, the Jeep Renegade is the slowest-selling model, with 753 days of supply. The Chevy Silverado 4500 Chassis cab sits for 443 days, and the Lincoln Corsair for 423. While the Ram 2500 and Jeep Gladiator sell a bit faster, there are still almost 20,000 of them for sale. The Jeep Compass has an astonishing 35,590 available. On the other end of the spectrum, the Kia Seltos and Lexus NX sell in just nine days, while the Kia Carnival takes 13 and the BMW X5 moves in 14.
Why Should You Consider Slow-Selling Models?
If you’re in the market for a new car, you might be wondering why you should consider a slow-selling model. The answer is simple: dealers charge more for in-demand vehicles. This means that you might end up paying a markup or added-cost options that you can’t avoid. Pricing is even more of an issue now, as interest rates are high, so a new car loan can get expensive fast.
On the other hand, slow-selling models are often discounted to move them off the lot. This means that you can get a great deal on a new car without having to negotiate too hard. Additionally, slow-selling models often have more room for negotiation, as dealers are eager to get them off the lot.
Tips for Finding the Best Deals on Slow-Selling Models
If you’re interested in buying a slow-selling model, there are a few tips that can help you find the best deals:
1. Do Your Research
Before you start shopping, do your research to find out which models are slow-sellers. Look for reports like the one from CarEdge, and check out online forums and reviews to see which models are getting the most attention. This will give you a good idea of which models are in high demand and which ones are not.
2. Shop Around
Once you’ve identified a few slow-selling models that you’re interested in, shop around to find the best deals. Check out multiple dealerships in your area, and be willing to travel a bit if necessary. You might also want to consider shopping online, as many dealerships now offer virtual showrooms and online purchasing options.
3. Negotiate
When you find a slow-selling model that you’re interested in, be prepared to negotiate. Dealers are often willing to offer discounts and incentives to move slow-selling models off the lot. However, keep in mind that you should still negotiate based on the actual value of the car, not just the fact that it’s a slow-seller.
4. Consider Financing Options
Finally, consider your financing options when buying a slow-selling model. Interest rates are high right now, so you’ll want to make sure that you’re getting the best deal possible on your loan. Shop around for financing options, and consider getting pre-approved before you start shopping for a car.
Conclusion
Slow-selling models can be a great way to get a new car at a discount. By doing your research, shopping around, negotiating, and considering your financing options, you can find the best deals on slow-selling models. So if you’re in the market for a new car, don’t overlook these often-overlooked models.
