Why are There So Many Late Models on Pre-owned Vehicle Sales Lots?

By Product Expert | Posted in Dealer Information, Tips and Tricks on Tuesday, March 29th, 2016 at 9:11 pm
reasons why several late models are available on pre-owned vehicle sales lots

If you have been on the hunt for a pre-owned vehicle, you may have noticed several models as young as 2014 available. There are many reasons why several late models are available on pre-owned vehicle sales lots, and we are excited to share them with you!

Buyer’s Remorse

Oftentimes, drivers of new vehicles realize that they bit off way more than what they could chew when it comes to paying the monthly bill. Or the new vehicle simply might end up not being what they were looking for. To solve this problem, they will trade in for a vehicle that is less expensive or suits their style better.

Newer models on the car lotLife Changes

It’s true that sometimes we don’t know what life is going to throw at us, and those curve balls often determine what kind of vehicle we suddenly need. This can range from getting a new job in a big city where public transportation is more feasible, to having a kid, or even becoming an empty nester. Someone who just experienced a life change oftentimes find their new vehicle is the kind they no longer need and end up trading it in for something bigger or smaller.

Read More: Advantages of buying a pre-owned vehicle from a dealership

A Lease Expires

Many drivers find that leasing a new vehicle suits them best. At the end of the lease, the driver can choose whether or not to purchase the vehicle. If the driver decides to move on to another vehicle, the leased model will be advertised with a “used” label.

Read More: Benefits of buying a used car with your tax return

Some People Love the Latest and Greatest

To be frank, there are a lot of people who love driving the newest models and trade in their vehicle every 2 to 3 years, even though their current vehicle still performs well.

Read More: How to finance a car when you have bad credit

Check Out Late Edition Pre-owned Models at Joe’s Auto Sales

As you can see, there are a variety of reasons why there are so many late edition models on pre-owned vehicle sales lots, but they usually don’t entail poor mechanical performance. What we love the most about used late edition vehicles is that their initial value has depreciated enough so that you are able to afford them more easily and they are still in excellent shape with low mileage. And they still might have a trace of that new car smell! Stop by Joe’s Auto Sales to check out our inventory of vehicles and feel free to contact us with any questions!