Guide to Finding Cheap Leftover Volvo Models

Understanding Leftover Models

Leftover models are brand new cars from the previous year or model cycle that dealerships need to sell to make room for new inventory. These cars have never been owned, they may have been test-driven or moved around on the dealer’s lot, but they still come with the same warranties and features as the latest models.

Why Choose a Leftover Volvo?

1. Cost Savings: The most compelling reason to choose a leftover model is the price. Dealers often offer substantial discounts on these cars to clear out their inventory. Depending on the model and the dealer’s inventory levels, discounts can range from 10% to 25% off the original selling price.
2. Depreciation: New cars depreciate the moment they leave the dealership. With a leftover model, a significant portion of this depreciation has already been factored into the reduced price, yet you still drive away with a brand new car.
3. Warranty: Buying a leftover model doesn’t mean you’ll get less of a warranty. You still receive the full manufacturer’s warranty that begins from the date of your purchase, not from the vehicle’s production date.
4. Lower Insurance Costs: Often, insurance costs can be lower for leftover models since the vehicle’s value is less due to its status as last year’s model.

How to Find Leftover Volvo Models

Step 1: Research

Start by identifying which Volvo models you are interested in and which features are most important to you. Consider factors such as fuel efficiency, safety features, engine size, and interior space. Good candidates for leftover models are often those that are due for an update or a redesign in the new model year.

Step 2: Time Your Purchase

The best time to look for leftover models is typically near the end of the calendar year or the beginning of the new year. This is when dealerships are most eager to clear out old stock. Additionally, shopping during end-of-month or quarter can be advantageous as dealerships are trying to meet sales targets.

Step 3: Compare Prices

Use automotive websites like Edmunds, Kelley Blue Book, or Cars.com to compare prices. These sites can give you an idea of what you should be paying for a leftover model. They often have tools that allow you to see the average selling price in your area.

Step 4: Contact Dealers

Reach out to multiple dealerships to inquire about leftover inventory. Be specific about what model, trim, and color you are interested in. Ask about any ongoing sales promotions or financing deals.

Step 5: Negotiate

When you find the model you want, don’t be afraid to negotiate further. Remember, the dealership is motivated to sell these cars quickly. It’s also a good idea to ask about any additional incentives such as free maintenance packages or accessories.

Step 6: Check for Incentives

Manufacturers often offer special financing rates or cash bonuses on leftover models. Check Volvo’s website or ask the dealer about any available manufacturer incentives that could reduce your overall cost.

Real-Life Example

Consider a scenario where the 2020 Volvo S60, originally priced at $40,000, is available as a leftover model in 2021. The dealer offers a 20% discount, bringing the price down to $32,000. Additionally, Volvo offers a $2,000 incentive for leftover models, further reducing the price to $30,000. Financing the car at a reduced interest rate could save you more over the life of the loan.

Conclusion

Finding a cheap leftover Volvo model can be a great way to get a high-quality vehicle without breaking the bank. By following these steps, doing your research, and timing your purchase wisely, you can take advantage of significant savings. Remember to consider all aspects of the deal, including warranties, insurance costs, and potential financing options to ensure you get the best possible value for your new Volvo.