With the car no longer in production, it starts to become a rarity, and someday people may be willing to pay you a premium to take it off your hands. Think about classic cars. Nothing in life is perfect, and that includes discontinued cars. Here are just a couple of the cons that you must be aware of. Still, as with any investment, it could go down, too. After a few years and despite your hard work in keeping the car looking brand new, it may be worth less than nothing.
Sometimes, a discontinued car also means discontinued car parts, as the manufacturer stops making anything to do with that particular model. Well, yes and no. In my experience, this one depends on how determined you are in finding parts for your discontinued car model.
Let me explain. Dealers are highly incentivized to get rid of these models which translate to increased savings for you. Also, given our current environment , carmakers are more inclined than ever to make a sale. A big part of the fear associated with buying a discontinued model relates to maintenance support in the future. Carmakers are also required by law to keep the necessary parts available to service the models they discontinue in the future.
For instance, GM still provides repair support for brands like Pontiac and Saab. Resale Value May Drastically Fall. These cars can decline in value drastically, especially if the reason the manufacturers are withdrawing them from the market is receding sales. There is no saying what the value of a discontinued car will be over time, so investing in it is a gamble at best.
When it comes to parts and car accessories, discontinued models will often be at the receiving end of auto parts shortage and overpricing. Not only does this impact on the resale value of the car but also poses a challenge during repairs.
May Cost More. Dealerships will try to win buyers over with insanely cheap deals for discontinued models. If you've taken the bait, you may have saved cash upfront but end up spending more in the long run because finding parts will cost you enormous time and money. For Holden, however, it's tied up to its buyers for ten years more, so that won't be a problem before then. For other makes and models, your last resort would be auto wreckers and secondhand car part suppliers.
Some models are withdrawn from the market because they pose a safety hazard. Every version offers sharp looks and nimble handling. There are some drawbacks, such as hard-to-use controls, but none are likely to be deal-breakers for most shoppers. This story was provided to The Associated Press by the automotive website Edmunds. Will Kaufman is a content strategist and news editor at Edmunds. Twitter: specwill.
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