Brick
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Should I Buy A New 2009 Car Or Wait For The 2010?

Sun Aug 09, 2009 8:12 pm

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]
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petertenthije
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RE: Should I Buy A New 2009 Car Or Wait For The 2010?

Sun Aug 09, 2009 9:54 pm

You can get good bargains on buying a '09 model as the dealers want to clear their stocks. Since most cars only receive cosmetic changes I think it is very intersting to look at a '09 model.

If a car has received a complete make-over then looking at a '10 model might be better for long term re-sale value. Of course you will have to accept the risk of getting a car that has not had all flaws ironed out, whereas a car at the end of its production run should be at its peak.

[Edited 2009-08-09 14:56:42]
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UAL747
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RE: Should I Buy A New 2009 Car Or Wait For The 2010?

Sun Aug 09, 2009 9:57 pm



Quoting Brick (Thread starter):
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?

If the bodystyle changes between the 09 and the 10, then yes, 5 years down the road, the one with the new body style will probably be worth more. However, it's really all about miles 5 years down the road. It will be a negligible difference most likely.

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na
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RE: Should I Buy A New 2009 Car Or Wait For The 2010?

Mon Aug 10, 2009 3:11 pm

Depends on what you want to buy. Fiat/Alfa/Lancia is introducing a new technology by the end of the year, which saves up to 25% fuel while producing 10% more power. When I´d plan to buy a fatory-NEW car, i would wait until 2010 and buy me a new Alfa with this Multiair system.
Otherwise, you should get a 15% bargain on the old series car compared to a 2010 model if there are major differences.
 
PHLBOS
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RE: Should I Buy A New 2009 Car Or Wait For The 2010?

Mon Aug 10, 2009 5:26 pm



Quoting NA (Reply 3):
Depends on what you want to buy.

 checkmark 

It also depends on how picky one is about having a particular car equipped with only certain options and in a particular exterior/interior color combination.

Since the 2009 models are already produced, what you see is what you're essentially going to get. With the 2009 model year production at a close; factory orders are only being allowed for the 2010 models.

Quoting Petertenthije (Reply 1):
You can get good bargains on buying a '09 model as the dealers want to clear their stocks. Since most cars only receive cosmetic changes I think it is very intersting to look at a '09 model.

If a car has received a complete make-over then looking at a '10 model might be better for long term re-sale value. Of course you will have to accept the risk of getting a car that has not had all flaws ironed out, whereas a car at the end of its production run should be at its peak.

 checkmark 
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Brick
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RE: Should I Buy A New 2009 Car Or Wait For The 2010?

Tue Aug 11, 2009 8:20 pm

Thanks for the responses everyone! I've been hitting the new car lots the past few days and a lot of them have very little inventory left. It looks like the cash for clunkers program has really depleted inventories.

I cannot find a new 2009 Toyota Yaris anywhere in Denver!
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