Most consumers who are in the market to buy a vehicle are typically searching for the best deal. While there are many ways to do this, one of the ways that many consumers have been successful is in the purchase of a demo, or “leftover” model.
Car manufacturers typically conduct model year changeovers from August to November. However, sometimes they do it even earlier than that. Basically, the rule of thumb is that they can release next year’s models starting January 1. While this may seem confusing, it’s simply how the automotive industry works.
A vehicle is considered to be a “demo” or “leftover” when the next year’s models begin to show up on dealer lots. The fact that the leftovers are still the current year’s model is irrelevant.
When there are too many leftovers collecting on a lot that are competing with new models, many trustworthy car dealerships tend to offer deals on these vehicles in order to get them off their lot in an effort to make room for the new models.
While sometimes dealers can sell the leftovers easily and quickly, other times, they must slash prices to attract buyers. Many times, a leftover model is a great way to get a newer model while saving money at the same time.
Buying a leftover makes the most sense if you plan on keeping the vehicle for many years so that depreciation doesn’t outweigh the savings. Even if the leftover vehicle is a current year model, the leftover is considered a year old when you buy it. And the longer you wait to buy one, the better the deal will probably be.