Should You Purchase a Discontinued Car?

Common Worries About Buying Discontinued Cars

While discontinued models call out to the budget-conscious, they might also give pause to potential buyers for various reasons. Here are some of the most common worries about buying discontinued cars:

Parts and Maintenance Support

The biggest concern for someone planning to buy a discontinued car is the availability of parts and maintenance support for the vehicle. Fortunately, this is not a serious problem. Carmakers and mechanics are legally required to provide repair assistance for vehicle owners, even if their models are no longer being produced. Manufacturers are similarly compelled to provide the replacement parts to support discontinued cars.

Reliability of Discontinued Cars

Are you worried about the reliability of a discontinued model? Don't be. Most discontinued cars go out of production because they're not selling enough to make a profit for their manufacturer. They're usually sound vehicles that you can rely on, although it never hurts to research a discontinued model and inspect the unit itself before committing to the purchase.

Advantages

There are several advantages to picking a discontinued car as your new daily driver. These reasons include:

Big Savings

The price of a vehicle usually decreases once its manufacturer stops producing it. Its value can depreciate over time, and the depreciation rate is determined by various factors, like its brand and reliability.

Car dealers also typically unload discontinued vehicles as fast as possible. Most of them announce special offers and entice potential buyers with incentives. In some cases, you can even haggle them down to slash the price even lower.

Uniqueness

Have you ever gone to a parking lot and noticed that most of the parked vehicles either look alike or are the same model? This is because most people favor popular and widely produced models. In comparison, a discounted car can stand out more because there aren't as many on the road.