Advantages and disadvantages of the outgoing car model compared to the redesign

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Should you buy the outgoing model at a lower price or go for the latest technology in the redesigned model?

The 2020 Ford Escape. The vehicle is an example of how the redesigned version of a vehicle offers a number of upgrades that could be worth the added price. David Westphal / Ford Motor Co. via AP

The end of the calendar year can be an exciting time for new car buyers. Many vehicles have been redesigned and are equipped with the latest technologies. However, outgoing models are still on dealership lots and are likely to be heavily discounted by automakers and dealers looking to meet year-end sales targets.

These options pose a compelling question to car buyers: should you buy the outgoing model at a lower price or go for the latest technology in the redesigned model? Edmunds provides the pros and cons of each approach.

THE ADVANTAGES OF RECONCEPTION

Latest Body Style: You become a pioneer and enjoy the satisfaction of being among the first to drive the latest generation of the vehicle. It will have a modern body style and will likely attract the most attention from passers-by and other motorists.

Latest Tech: Often the automaker addressed what people didn’t like about the previous car and fixed it during the redesign. These changes can come in the form of a more powerful engine, better fuel economy, a nicer interior, or all of the above. You will also benefit from the latest technological advances in security.

The greatest variety: All colors, trims and options should be available for the current model year. And if you don’t see what you want or are very specific about your setup, you can always place a special order at the factory.

REDEFINING THE DISADVANTAGES

More Expensive: The newer version of a model will usually be more expensive, both in terms of starting price and more modest discounts. From mid-November to late November, a 2020 model cost about $ 1,400 more on average than the 2019 model, according to data from Edmunds.

Lower reliability: The first model year of an overhaul is often the least reliable, according to a recent Consumer Reports poll. The technology is new and has often not had the chance to be thoroughly tested in the real world.

The changes may be too drastic for you: Sometimes a redesign turns things around drastically and some buyers are unwilling to accept it. For example, when Ford replaced the current generation Ford F-150 with an aluminum body, collision repairs became more expensive. It was hard to fault someone for wanting the model coming out at the time.

PROS OF THE OUTGOING MODEL

Better discounts: The outgoing or discontinued model will be cheaper. But discounts vary by vehicle, so knowing the market is important. The 2019 Ford Escape, for example, costs about $ 3,177 less on average than the all-new 2020 model. In contrast, the 2019 Ford Explorer costs on average only $ 694 less than the redesigned 2020 model.

Greater reliability: The same Consumer Reports survey concluded that the final model year of a generation is often the most reliable. This is because many of the vehicle’s issues were fixed during the model run.

Best version of this generation: In addition to being more reliable, the last model year of a generation generally benefits from all the minor improvements made by the automaker in previous years. The styling has probably been changed slightly from its inception, more power could have been added, and some previously optional features were incorporated into standard equipment.

DISADVANTAGES OF THE OUTGOING MODEL

Limited Selection: Since these models are essentially on clearance, you are limited to the available inventory. So you might not have as much choice when it comes to colors, trim levels, and packages. Some brands manage their inventory better than others, so the selection will vary depending on the vehicle and end of season you are purchasing.

Faster Amortization: The model year before a redesign tends to depreciate faster than the model that replaces it. That’s about six to eight percent on average, according to Edmunds. Why? Supply and demand. In the used car market, the current body style will be the hottest and most desirable model. But you can avoid this by renting or keeping your car for longer. Eventually, depreciation will level off and be comparable to the depreciation of comparable vehicles.

EDMUNDS SAYS: Making a decision comes down to knowing your needs and wants. Do you want the latest technology and style or a proven vehicle with a better discount? For additional help, get a quote on old and new models to better gauge the value.

This story was provided to The Associated Press by the Edmunds automotive site. Ronald Montoya is the editor of consumer advice at Edmunds. Twitter: @ ronald_montoya8.


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