How to buy leftover cars
Quick insights
- A car becomes a leftover car when the newest models arrive in a seller’s showroom.
- Leftover cars can still be like new in terms of their wear and use but might be sold at a discount to make room for the newest models.
- You can buy a leftover car at dealerships that sell vehicles from specific automakers and receive new models each year.
When you’re in the market for a car, you’re probably looking for the best deal. Buying is an important choice, and your research might lead you to leftover cars. What you’re imagining “leftover” might mean in this context is likely correct—read on to learn more.
What is a leftover car?
A leftover car gets its label from being unsold by the time next year’s models arrive on the market. At that time, this year’s models immediately become last year’s models. Leftover cars are often still new or like-new and can be sold as such. This means that “leftover” isn’t usually interchangeable with “used” when it comes to cars.
Who should buy a leftover car?
There are no wrong answers here: Most car buyers should buy a leftover car if the price and features match their goals. If there’s any sort of discount on a leftover car, you can benefit as a buyer. Leftover cars are typically sold having little to no mileage. You could effectively get a new car that has simply been discounted because it’s not the newest model.
When to buy a leftover car
The right time to buy a leftover car depends on when dealers get next year’s inventory. The newest cars generally arrive on the lot in summer and autumn each year. Sales on leftover cars may happen as soon as new inventory arrives or whenever dealers want to offload leftover cars.
To determine the best time to buy leftover inventory, you can contact dealers whenever you like. You don’t have to be ready to sit down at the finance table and drive off in a new or used car. Dealers tend to be excited to talk to prospective car buyers and discuss their inventory.
Where to buy leftover cars
Car dealerships are good places to start if you’re interested in leftover cars. Perhaps the dealer is thinking “out with the old—in with the new,” which could work to your advantage. Plus, visiting the dealer will give you a chance to learn about the leftover cars and compare their features to the latest models.
Should you buy a leftover car?
It’s easy to get wrapped up in the idea you’ll get an incredible deal on a leftover car. Buying any car is still an important financial decision. Compare leftover cars with newer models and even used cars, then consider the full costs of each option. Shopping around is often an enjoyable part the process that helps you choose your next vehicle.
In summary
Leftover cars may present a good opportunity when you’re in the market to buy a car. This option is different from a used car, which can have any number of miles on the odometer. Instead, leftover cars are often unused or sold with minimal wear and use. They simply become leftover cars once newer models are for sale, but can go on to make countless drivers happy someday.
