There are two things to get excited about when the second half of December rolls around: Christmas and the end-of-year clearance sales at car dealerships. Most people know that December is the best month to purchase a vehicle, but if you're on the fence about buying, here are 4 things to know about shopping end-of-year vehicle clearance sales:
1. Dealers are hoping to move as many of the older model year vehicles off the lot before the end of the year. They want to make room for the brand new model year cars and trucks, so it's a great time for buyers to find terrific deals on 2019 inventory.
2. Car and truck manufacturers typically provide additional year-end incentives, offering buyers what is essentially a double discount on top of what the dealer is offering.
3. In 2020, a new tax law goes into effect that caps the value of any trade-in vehicle at $10,000. This will increase the taxable amount for the transaction, and you'll end up paying more in state and local sales taxes for your new vehicle. Purchasing your vehicle and applying the full trade-in value before the end of 2019 can save you hundreds, and even possibly thousands, of dollars.
4. Some dealerships are offering additional incentives to move vehicles out of their year-end inventory. At Hawk Volkswagen in Joliet, the "Sign & Drive" event is a great deal for buyers. You'll drive off the lot in a brand new 2019 Volkswagen (any model), for Zero Down, Zero First Month's Payment, Zero Security Deposit, and Zero Due at Signing.
For more information about how you can score a great deal at Hawk Volkswagen in Joliet before the end of 2019, please contact:
Hawk Volkswagen in Joliet
#1 Volume VW Dealer in Illinois*
*Based on 2018 retail sales