5 Reasons you should not buy a Newley released vehicle

 

We are all tempted to go out and buy the latest and greatest offerings from our favorite auto manufacturer. Undoubtedly, we are all tempted by some new gadget feature of capability available on the newest released version of a certain make and model vehicle. 

 

 

5 Reasons you should not buy a Newley released vehicle

 

However, before we jump in head first and commit to a large monthly payment it is important to analyze all of the pros and cons of making the decision to purchase a newly released car model.  There are several reasons why it might be wise to hold off on buying the latest model. Here are five reasons you should consider waiting before purchasing a newly released vehicle:

 

  1. Potential for Undiscovered Issues:

The first and possibly the most obvious reason has to do with potentially undiscovered issues that may affect the vehicle’s reliability and future maintenance costs. Keep in mind new vehicle models often come with untested and unproven systems and technologies. Early adopters may encounter unexpected problems or defects that haven't been identified during the initial testing phases. Manufacturers typically address these issues in later models or through recalls and software updates but early buyers may face inconvenience having to bring the car to the dealership for warranty repairs and may even have some out-of-pocket costs. The most recent example of this issue has to do with Toyota replacing their tried-and-true V8 engines with turbocharged six-cylinder engines which are experiencing premature failures due to flaws in crankshaft bearing castings as well as the camshafts.

 

  1. Higher Initial Price:

Newly released vehicles tend to have an additional premium added to the price tag, further driving the price up over the Manufacturer Suggested Retail Price (MSRP). It is all due to a simple supply and demand model where car dealers capitalize on the novelty and demand of a new vehicle model, often pricing it considerably higher than subsequent versions. A good example of this is the new Toyota Land Cruiser which is currently selling as much as $10,000 over its MSRP.  By waiting a year or two, you allow for the hype to die down and benefit from price reductions as initial demand stabilizes and dealerships offer discounts and incentives to clear out older inventory.

 

  1. Limited Reviews and Real Consumer Feedback:

When a vehicle is first released, there is limited information available regarding its long-term real-world performance, reliability and general owner experience. Early reviews are commonly based on short test drives and do not reflect insights from long term ownership. A prime example of this is the newly introduced Acura infotainment system featured in models such as the 2022 MDX and the 2023 RDX. While initial professional car reviewers noted that the system required a learning curve, customers found it clunky and difficult to use, leading to numerous complaints to the manufacturer. The issue was significant enough that Acura announced plans to implement an entirely new system for the 2025 model year. Waiting for real long term vehicle ownership reviews allows you to access comprehensive consumer feedback, giving you a clearer picture of the vehicle’s strengths and weaknesses.

 

  1. Increased Depreciation:

It’s no secret that new vehicles depreciate at an increased rate for the first year of ownership. This issue can be compounded if the first-year version of a model experiences reported owner issues specific to that release year. By purchasing a newly released vehicle, you risk experiencing an above average first year depreciation rate. Waiting a year or two can help you avoid the initial depreciation hit and still enjoy a relatively new vehicle at a lower cost.

 

  1. Software updates and recalls:

Automakers will frequently update new models based on owner feedback and real work experience. By purchasing a lightly preowned or waiting for a later version of the newly released vehicle, you might benefit from previously executed recall fixes, improved features, bug fixes and refinements. These enhancements can include better safety features, improved fuel efficiency, enhanced infotainment systems and more.

 

While the allure of a newly released vehicle is strong, considering the potential for undiscovered issues, higher initial costs, limited reviews, rapid depreciation, and the possibility of improved future versions, it might be prudent to wait. Research and patience are vital for making an informed decision. For the best value for your money, it may be advantageous to consider a lightly used model that's one or two years old. This way, the first owner absorbs the bulk of the initial depreciation. Additionally, by running a vehicle history report and checking official sources, you can determine if the car has had all recalls performed and whether it has been involved in an accident or undergone any catastrophic events such as floods, fires and more…

 

It is possible to buy your desired vehicle without overpaying and getting caught up in unnecessary hassle it just requires some research and patience.

 

5 Reasons you should not buy a Newley released vehicle - VINCHECKUP

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