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Reasons to Buy a 2007 Vehicle Instead of a 2008

If you're in the market for a new vehicle, now is the time to buy, by the last day of December. With the year 2007 rapidly coming to an end, many car dealers are anxious to get rid of 2007 cars and trucks in order to make room for their new inventory of 2008 vehicles. You may find yourself, despite credit problems, little cash for a down payment, and the cost of the vehicle, paying less than you ever thought possible to own a brand new car or truck. Finance companies may temporarily slacken their credit requirements, and sales persons may drastically reduce the overall cost of the vehicle as incentive for you to buy. You may also be able to receive lower monthly payments as part of the package.

Many people may feel that they would rather have a 2008 vehicle, but if you're looking for a nice vehicle as well at an unbelievable deal, then buying a 2007 is probably your better bet right now. Buying a car is not the same as buying a house. When you buy a home the value almost always begins to appreciate right away, especially when you make updates, repairs, and other improvements. If you sell your house in five years then most likely the value of your home will have increased substantially. On the other hand, when you buy a new car, the value of the car quickly depreciates, often as soon as you drive it off the lot. If you decide to sell your car after five years you will be lucky to even get half of what you paid for it.

You aren't going to notice many major differences in a 2007 vehicle and a 2008. Vehicles manufactured in the current year have just about all of the amenities that you may be looking for in a car: GPS navigation system, satellite radio, OnStar, and all of the other luxury additions that you may desire. Just upon visual inspection of a 2007 and 2008, the average person is not going to be able to make a distinction between the two because the body styles are very similar as well. So, by choosing a 2007 over a 2008, you will be able to basically "have your cake and eat it, too." You'll have the best of both worlds: a great new car or truck and an unbeatable price.

So if your goal is to purchase a brand new car, then by all means, treat yourself to a wonderful Christmas present now, because if you wait until 2008 has arrived, you may not be able to acquire as good a deal. The 2008 vehicles will have already arrived and the current deals on the 2007s will have ended. The prices of the 2007 vehicles may actually not be much different than the 2008s after the new year, so now is the time to drive away with a gorgeous, shiny new car without it making that much of an impact on your wallet.

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