Unsold SUV Liquidation for 2020 Models
Look out for unsold SUV liquidation deals when buying a vehicle. If you’re looking to acquire a Sports Utility Vehicle (SUV), consider buying an older model; like a 2020 SUV. You—as the customer—have to look out for liquidation deals. When it comes to earlier models, you have an advantage over the car dealer because they are looking for ways to sell these cars. So take advantage of car dealerships looking to clear up their inventory. You should also know that 2020 SUV models perform just as well as the newer models. The only minor difference is the aesthetics of the vehicle and some electronic features, i.e.newer models may have privacy glass or a backup camera that you won’t get in the earlier models.
This means that you get the same performance value without having to spend more. There are many benefits to getting an earlier-model SUV on a deal that we think it’s important for you to know. But before we delve into the benefits, here’s what you need to know about the liquidation of unsold SUVs.
Liquidation of Unsold SUVs
Liquidation refers to the process of selling off a company’s inventory—in this case, SUVs—typically at a large discount in order to generate cash. When car dealerships are stocked with earlier models, it is in their best interest to sell them off as quickly as possible, so they have space to stock up on newer models. This is where you can make the most of the situation and negotiation a price with the dealer. Even when you see an SUV that’s already on sale, you can still have room to bargain. As a customer, there are more benefits you can get when purchasing an SUV on a sale.
Benefits of Liquidation of SUV
Purchasing unsold SUVs on a liquidation deal comes with a host of benefits for you. Below is a list of the benefits when purchasing SUVs—or any car for that matter—on a sale:
You’re able to save money on a car that hasn’t been used. It’s the highest advantage you have when it comes to purchasing an unsold SUV during liquidation. You don’t have to pay the full amount and drive a relatively new car.
Better Financing Deal
A better financing deal means that you could have more options to finance the purchase. For example, it could be that the dealer doesn’t request any downpayment on an SUV that’s of an earlier model. Dealerships usually require a certain percentage of downpayment when selling the car. In liquidation deals, you could find a dealership that doesn’t require a downpayment. Dealerships are incentivized to make generous offers because the longer the SUVs stay, the more it will cost them. So bear these in mind when you’re looking for liquidation deals in your area.
Reduced Insurance Cost
When purchasing newer models, insurance coverage on them tends to be higher. As vehicles depreciate over time, insurance on them becomes more affordable. So, when you purchase a 2020 SUV model, you’re not only saving money on the car, but you’re also saving money on the cost of insurance.
Get More at Lower Cost
As mentioned in the introductory paragraph, purchasing an earlier SUV model means you get a good-performing vehicle. With minor exceptions on features, you’re practically getting a vehicle that performs like a newer one. You also don’t lose any warranty coverage either if you opt for an earlier model. What’s great about getting an unsold SUV is that you get value by spending less. So acquiring an unsold SUV at a moderate to significant discount (depending on the dealership) allows you to have more for less. More value in terms of performance and functionality, without having to pay the full price.
Now that we have covered the benefits, you might be wondering when these deals take place so you can plan ahead. There are a few days throughout the year when you’ll see discount offers. So when are they?
When are unsold SUVs being given away?
Barring a dealership shutting down its business all of a sudden, you can expect to see massive discounts occurring on holidays and long weekends. While we have listed major holidays and long weekends, expect vehicle clearance sales on any other days when many people are off. Here is when you should expect SUV sales to take place:
When it comes to holidays:
- New Year’s
And when it comes to long weekends:
- Black Friday
- Memorial Day
- Labor Day
Mark these days so you can get more value for your buck when you decide to purchase an SUV. When the aforementioned days are nearby, there are a few places you can look into to find liquidation deals for unsold SUVs.
Find Liquidation of Unsold SUVs
You can find deals on the liquidation of unsold SUV on the websites listed below. We suggest you periodically check them, especially when the holidays are near.
Check the following websites because they have a large database where you can find a wide selection of options and deals.
Cas Auto provides a wholesale market for automobiles. The vehicles are sourced from the manufacturers, so you could find affordable deals.
Lists great deals on new, unsold, and used vehicles in your area.
Is a global e-commerce website that connects millions of buyers and sellers in more than 190 markets around the world. You’ll find new unsold SUVs and even respective vehicle parts.
Saving is Crucial Now More Than Ever
When the Covid-19 pandemic happened, many people were furloughed or found themselves with limited earning capacity. By extension, car dealers found themselves overstocked with 2020 vehicle models. It is more important now than ever to save your money. Obviously, if you can afford to splurge, there are luxury SUVs that you can buy. Nevertheless, this article is aimed at those who want a good affordable vehicle.
Having a functioning vehicle is a necessity, but that doesn’t mean you have to hurt yourself financially. If you’re looking to buy an SUV, look out for liquidation offers or clearance sales in your area using the information you have gained from this article. Saving in this economy is possible when you are properly informed about the ways you can find good deals.
 Deals on overstocked 2020 vehicles Forbes 2021
 What happens to unsold cars? Marketplace 2021
 Best time to buy cars Investopedia 2022