Hi all,
Let's say that you have roughly $25k - $30k to spend on cars, which type of car would you choose?
A brand new/Demo car that has all the latest technologies, features, warranty and you're gonna be the first owner.(eg. Kia Optima, Mazda 6, …)
A used fancy German car that has better drive and performance, though the maintenance aren't cheap and may lack some technology.
A boring but reliable car that can last (Corolla, Camry)
Please vote and express your opinion.
Obviously supply and demand is in play here and a very popular model like a Golf GTI or Toyota 86 etc will be harder to get a discount. I generally do a lot of research and pick my cars based partly on the likelihood of getting a big discount. I bought my Volvo s60 partly because I read that Volvo had failed to meet their annual sales targets and there were loads of old stock unsold with a new model coming out. Getting close to the end of the calendar year (when all cars get a year older because they are a '16 model instead of a '17 model) I knew that dealers would be desperate to sell and i used that leverage to screw them on price.
do your research though, I have posted this elsewhere, I once bought a new WRX. A few years ago a company called Inchcape bought the Subaru distributor rights for Australia. they only wanted the big capital cities so they paid for a the rights to a 40km radius of the big cities. What this means is that all of the Subaru dealers within 40km of Melbourne, Sydney, Brisbane etc are part of one big dealership. they share the same stock control system and can probably see what car and price you've been offered by another Subaru dealer. It is hard to play 2 dealerships off against each other to get a good price because they may well be in cahoots with each other. A bit of research though and you find that the guys who had the distributor rights prior to Inchcape simply moved their yards to somewhere 41kms outside the GPO. in Melbourne this is Lilydale and Frankston. When i went to these guys and played them off against the local dealer in my suburb they were $3-4K cheaper.
If you are desperately in love with a particular model of car there may not be a way to get a great discount, I dont think you would be able to get one on a Ford Mustang for instance, not with waiting lists for delivery. If you are however open to a few options and prepared to do a shitload of research and haggling chances are you could probably get a great deal on a great car.