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NewsTranscript
00:00December car purchase 7 reasons to avoid buying car this month
00:07Despite attractive discounts, buying a car in December may not be the best decision.
00:12Learn the potential drawbacks and make an informed choice.
00:18Time for offers Many consider buying a car at the end of the
00:22year due to numerous offers.
00:26A year older, however, buying a car now has drawbacks.
00:30At December 2020, 4 car is a year older than a January 2020 5 model.
00:39Lack of features Year-end cars may lack upcoming updates and
00:43features.
00:47Resale value The manufacturing year significantly impacts
00:50car value, affecting resale value.
00:55Depreciation Cars depreciate over 50% in 5 years.
01:002020, 4 models will have lower resale value than 2025 models.
01:08Older model You might be stuck with an older model when
01:11a newer one is available soon.
01:15Year-end clearance tactics Dealerships may offer older, less desirable
01:19vehicles with outdated features.
01:21Parts for discontinued models may become scarce.
01:27Financial issues Banks may process loan applications slower.
01:32Stricter approvals and higher rates are likely.
01:38Registration delays Sales quotas lead to pressure tactics and
01:41unsuitable deals.
01:43A dealer can be busy for registration, causing delays.