Why Buy a New 2007 Vehicle? Yes, a 2007.
2008 Hyundai Azera... practically identical to the 2007, but you can get great deals on all remaining 2007 makes and models.
A little while ago, my brother ran over a stop sign. He made the mistake of trying to go back and forth to loosen it from the undercarriage of his old Buick. Instead of shaking free, the sign tore up his "baby" to the point that it was totalled. So, doing what I do, I gave him some advice on buying a new car.
He had tentatively chosen a new, 2007 Hyundai Azera. Great car!, I told him. I liked the way our long-term Azera accelerated and handled, it had great safety ratings, and it was one of our Editors Most Wanted Sedan Under $30,000 for 2007. Why not a 2008? Because buying last year's model saves you plenty. He ended up buying the car for well under dealer invoice price, after taking into account the $2,000 cash back that Hyundai is offering. He even got the dealer to cough up his dealer holdback.
There are definitely 2007 models left on the lots, though there won't be for long. This is the "fire sale" time of year for last year's models, and we're not just talking models no one wants. So if you're in the market right now, consider a 2007 -- compare it to a 2008 using our comparison tool, of course, and see the price differential.
Who knows? You might get a screaming deal.
Posted by Joanne Jan 29, 2008 5:59 pm
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Categories: Dealing with Car Dealers
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I saw a slightly "pimped up" Azera today with huge wheels and ultra low-profile tires! I really loved it!
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Cool! I got a little scared, today, though, when I saw two consumers who posted on Edmunds say that they traded in their 2007 Azeras for Honda Accords. Why trade in such a new car? One of them said that it was depreciating "too fast for his taste." Huh? After one year? Well, my bro drives his cars until they're dead, so I don't think that'll be the issue.
I'm driving the new Hyundai Veracruz tonight, so we'll see about that, too.
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irismg
- Feb 16, 2008 11:57 am
(#3 Total: 3)
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I think that's part of the problem, researchqueen. The attitude MEN have is to buy cars as if they were real estate. They want to try to make money off them, when it's fairly common knowledge that, for a domestic car anyway, about 30% of the value is lost when you drive it away.
Women and other bargain shoppers know that a lightly used vehicle you can drive for a long time, or until your needs change, is ALWAYS the best deal. You sacrifice some freedom of choice, but heck, when some shade of black is the only interior color choice you HAVE these days, what do you really sacrifice?
I also think that all this anxiety about resale value comes from not really researching what they really need in a car - they want to be able to change their minds without losing money. It's just not going to happen.
Good luck with the test drive. I personally can't imagine putting over $20,000 into a car or other depreciable asset rather than a downpayment on a weekend home, but to each their own.
As long as you're looking at cars in that price range, look at the Infiniti EX35, the "personal luxury" crossover. If I were to lay down that kind of change, that would be what it would go for! Some people gripe that "you can't put a third row in it", but you know, that's why it's a "personal luxury" car, just like the Buick Riviera, may it rest in peace, was a "personal luxury" coupe. It's designed for you, your best friend, and your favorite indoor pet, that's it!! You take it on a scenic drive, you take it to SuperTarget or Pier1 Imports, but you don't take it to the zoo! Get a bigger car if you need a damn third row - they don't need to go in everything!
Ahem - sorry about that. Just go drive it for jollies.
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