As the year draws to a close, dealerships are making every effort to get rid of their 2012 inventory, and as such there are many incentives and other offers for new vehicles. TrueCar.com recently put together a list of the best deals on new cars, and they found drivers looking to buy can save an average of 8.2 percent off the MSRP in December. Models like the 2013 Chrysler 200, Chevrolet Silverado, Ford Focus and BMW 5 Series all have even more savings, each offering over 11 percent off the original price.
"Manufacturers continue to offer attractive year-end incentives to help move metal off dealership lots," said Jesse Toprak, senior automotive analyst for TrueCar.com. "December has always been a good month to purchase or lease a luxury vehicle. This year, we're also seeing some strong incentives on large trucks as well. Car buyers should always to their research before buying a car…"
Car shoppers may want to consider used cars as well when researching options for their next vehicle. Not only can they save on the initial price, but there are other advantages as well. Previously owned cars depreciate much more slowly than brand new cars, which can lose as much as 50 percent of its value in just four years of ownership, according to Edmunds.com. If you are planning to trade in your vehicle after a few years for a newer model, as many drivers do, then you could save a lot more in the long run by opting to purchase a used vehicle.
Additionally, as more drivers trade in their current vehicles to take advantage of new car deals, the inventory of used models will grow as well. New Jersey State Auto Auction has four acres of used cars, trucks and SUVs to choose from, and every model on the lot is CARFAX certified. This allows drivers to know they'll be getting behind the wheel of a reliable ride.