If you've spent any time watching television or reading a local newspaper, there's a great chance you've seen a car dealer offering big savings "to make room for next year's models." Yes, it's true that your local car dealer needs to clear physical room for the new models, which itself is a decent reason to hold a sale. However, it's also true that cars from the previous model year aren't as desirable as the newest models, so the dealer needs to sweeten the deal a bit to get them moving off the lot.
Opting for last year's model can save you thousands on your next car purchase, but you should go into the experience with open eyes. Knowing what you really value in a car shopping experience is the single most important thing you can to do make sure you buy the right car. There's absolutely nothing wrong with buying leftover cars from previous model years, but you need to know the differences between the old and new versions of a car.
Are the savings you see from buying an older model year worth the downsides of skipping the newest model? Let's take a closer look.