With the economic downturn still taking a toll on many drivers, most shopping for a new car nowadays are looking to save some money. Used car pricing guide Kelley Blue Book recently revealed a good way to save money on a new car is to choose a model that is set to be redesigned soon.
All automakers redesign cars on a regular basis, and this typically means heavy incentives and rebates on the previous version of the car, in order to entice buyers to take the last ones off of dealer's hands.
"Not all consumers are alike and many new-car shoppers are simply looking for the best deal available," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "Vehicles typically are redesigned on a five-year cycle. Being aware of which models will soon be redesigned is a good way to get a new car and still keep some of your money in the bank."
Models such as the Nissan Xterra, Ford Fusion and Chevrolet Malibu all have $3,000 rebates right now, primarily because they're due to be replaced in the near future, according to the news source.
Drivers buying a new car can save even more money by ensuring their trade-in vehicle is in top condition. Taking care of an auto repair can help increase the value of a trade and give drivers more money to put toward a new vehicle.