I'm planning on buying a new car in the next 4 weeks. We're at the end of the 2009 model year. I see some 2010's showing up on the dealer lots already. Are there any penalties for buying a 2009 at the end of the model year?
Say I buy a 2009 Toyota Camry in September 2008. In August 2009 I buy another 2009 Camry (exact same model). The car purchased in September 2008 has a year's worth of miles, use, and depreciation on it while the car purchased in August 2009 is truely brand new. In five years time however, won't both cars be worth the same even though one is techincally a year older than the other one?
My thinking is if I buy a 2009 now, I'm paying for a year's worth of depriciation up front, unless of course you can negotiate with the dealer. The prices the dealers are charging for the 2009's don't reflect this however. Is my thinking correct?
[Edited 2009-08-09 13:32:23]