End of year car deals
POSTED: Thursday, December 26, 2013 - 7:12pm
UPDATED: Thursday, January 9, 2014 - 1:04pm
2013 has been an incredible year for car sales.
And despite bad weather earlier in the month, Christmas week was very good for dealers.
Now we’ve always been told though, if you want a new car, buy at the end of the year. You’ll get the best price. So we came to find out if that’s true.
We'll save you the wait...it is.
Part of the reason is simply profit, some is moving the last of last year’s models before they are a year older, but some is...
“It’s mainly about keeping score,” says Monty Hall of Hall Buick/GMC. “About who’s getting what kind of market share, who’s getting what kind of numbers out. It’s like all the manufacturers have the biggest incentives they possibly can right now before the year’s over.”
And this year there’s an even greater incentive. A big tax break is going away.
“It was basically a 2 year deal where you could deduct the purchase price of any vehicle put in service prior to December 31, 2013,” says Hall.
So, Uncle Sam will basically let you deduct the price of a big truck used for work, like these rebodied GMC Sierras.
“Really talking about basically any pickup, any full-sized pickup that has an over-6000 pound gross vehicle weight rating,” he says.
And for dealers of all brands, it’s all hands on deck this week.