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The number of car ads accelerates to a frenzy as summer fades into fall because dealerships need to make room for the newest model year vehicles. Big rebates and low-interest financing offers can tempt shoppers to make a quick deal for a leftover 2020 car, but there are a few key points that shoppers should consider before buying one.
“The fall is always an exciting time in the automotive world, with brand-new models arriving at dealerships and outgoing cars on big discount,” says Todd Young, automotive pricing analyst at Consumer Reports. “This is an unusual year, with prices all over the map. It is key to study the offers and base purchase decisions on a long-term view.”
The easy savings on marked-down 2020 models may seem tempting, but the cars are technically already a year old once 2021 models