Unsold Luxury Models Means Falling Prices: How To Find Deals
Now is the best time to buy luxurious cars at an affordable price.
This is because car prices are dropping since dealers are finding themselves with too many unsold models sitting on their lots. Here are the best deals to be found right now.
Due to market demand shifts and overproduction of loaded trim levels, many dealers are left with excess inventory. If you’ve always wanted an SUV or luxury car but found it unaffordable, consider acting quickly now to score your dream vehicle at an affordable price. Let’s take a look at what you need to know about SUVs and luxury crossovers, why their prices have dropped and how you can land yourself a good deal.
Luxury SUVs are high end vehicles with premium features. Their style and space give you a luxury feeling and a more comfortable driving experience. Luxury SUVs tend to be more spacious, which means they are more accommodating of cargo and have more leg room. Luxury SUVs often feature interiors made from high end materials like genuine leather and wood trims. They also have premium sound features and enhanced safety features such as adaptive cruise control which you won’t find on the average SUV.
Many luxury SUVs also feature powerful engines that outperform what you would find on a basic SUV. This is the result of features such as eight cylinder engines, finely tuned suspension and enhanced transmission. A combination of comfort, versatility, refinement and performance is what a luxury SUV will provide you.
What makes luxurious models so affordable right now?
Luxury SUVs and cars have become more affordable because developments in the auto market have placed considerable downward pressure on SUV prices, thus leading to a price drop.
One factor contributing to this price drop is the growth in number of off-lease SUVs that are now available. These tend to be low-mileage, well cared for vehicles that look and feel just like a brand new SUV. Off-lease SUVs are usually between 6 months to 3 years old.
The second factor is changing consumer preferences. American drivers have been ditching sedans and switching to crossovers and SUVs for several years now. Due to this shift, many manufacturers have increased their production of crossovers and SUVs, offering new incentives to attract customers. These incentives usually decrease your monthly payments which can make a new SUV more affordable than you would expect.
Every SUV manufacturer seems to be competing for new buyers with low financing rates, cash back and free upgrades. Every month that goes by seems to offer better and better discounts.
Finding the best deals
Do not drool over the first low price you see. There could be even lower prices if you come prepared to haggle at your local dealership. The more information you have before you walk into a dealership the better. We recommend having a few different models of SUV in mind that way you can choose whichever one has the best deals available.
Many smaller models offer all the amenities of larger SUVs without the large size and gas consumption. Larger SUVs from the 2019 model year can be had certified pre-owned at even more affordable prices. Here are some other models with very attractive pricing that come with many luxurious amenities.
1) Acura RDX
The Acura RDX has built an amazing reputation in the industry for years. The latest model of this SUV comes standard with some advanced features that seniors absolutely love. This vehicle has the ability to generate 272 horsepower with its turbocharged 2.0-liter engine. This luxurious SUV comes with a spacious and comfortable interior. Lane-keeping assists, departure warning systems, automated emergency braking, collision avoidance systems and multi-view back up camera are the most important features of this vehicle that make it a great choice for seniors. The base model of this vehicle is available at a price of $37,600. It offers a fuel economy of 22 MPG within the city and 28 MPG on the highway.
2) 2020 Honda CR-V
The 2020 Honda CR-V delivers fuel efficiency, plenty of cargo space and a high end interior. The 2020 model has an updated exterior thanks to refreshing changes such as its bigger fog light openings, dark-tinted tail lights, and a larger chrome grille. It has a more powerful 190-horsepower engine and the Honda Sensing Suite offers additional driver assistance and safety features. The LX and EX trims both cost less than $30,000, offering many luxurious features you may not usually associate with a Honda. The LX base model has Bluetooth, a rearview camera, 5-inch display screen, a USB port, and a four-speaker sound system. The EX trim also has heated front seats, Apple CarPlay and Android Auto, dual zone climate control, and a 7-inch touchscreen.
3) 2020 Volvo XC40
The 2020 Volvo XC40 was named the Most Luxurious Subcompact SUV in the USA. Seniors will enjoy the remarkable performance, smooth ride and impressive style. This vehicle generates an impressive 248 horsepower with a perky 2.0-liter engine. The great thing about this vehicle is that it offers fuel efficiency of 25 MPG with city and 36 MPG on highway. With this SUV, you get standard safety features like lane-departure system, front automated braking system, lane-keeping assist, traffic sign recognition, parking sensors, active parking assist, blind-spot monitoring, driver attention monitoring, cross-traffic alerts and more. Surprisingly, you’d be able to enjoy all these features at a price of $40,450.
4) 2020 Subaru Forester
The 2020 Subaru Forester comes in five trims that all feature four-wheel drive. It has a spacious interior, plenty of cargo space, and comfortable seats. Three of the five trims have a starting price under $30,000. The base model has automatic climate control, rearview camera, cloth upholstery, and rear seat monitoring. To get power adjustable seats, leather-wrapped steering wheel, panoramic sunroof, and alloy wheels, upgrade to the Premium trim.
5) 2020 Chevrolet Traverse
For under $30,000 the 2020 Chevrolet Traverse offers three rows of seating which is rare for such a low price. The L base model starts at $29,800 and comes with Bluetooth, a Wi-Fi hot spot, six USB ports, Apple CarPlay and Android Auto, and a 7-inch touchscreen multimedia system. For your safety, you get Chevrolet’s Teen Driver feature to monitor speed, a rear view camera, rear seat monitoring, and audio settings for secondary drivers.
6) 2020 Volkswagen Tiguan
The 2020 Volkswagen Tiguan introduces standard driver assistance aids, wireless charging, and a Wi-Fi hot spot. It has a comfortable cabin, offers a smooth ride, and optional third row seating. All its models have blind spot monitoring, forward collision warning, and rear cross-traffic alert. It comes in five trims. Standard features of the 2020 Volkswagen Tiguan also include folding rear seats, a 6.5-inch touchscreen display, and Apple CarPlay and Android Auto connectivity. You can add 4MOTION all-wheel drive to any of the trim levels for an additional $1,300.
Do your own research
Seniors will find a wide range of offers from manufacturers to individual dealers online, so it is important to do your homework. We also recommend being on the lookout for when local dealerships offer inventory clearance sales. Making a purchase during such sales can save you hundreds, if not thousands of dollars.
Now is the time to take advantage of available incentives as these deals won’t last forever. Start your research today by reading online reviews for SUV models that are of interest to you. Once you know the three to four models that interest you, search to see exactly what incentives are available for them. The final step is to take all of this information to local dealerships and be prepared to haggle for an even better price. Remember that if one dealership won’t give you the discount you are hoping for you can always visit another dealership in your city and see if they will.