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2002 v. 2003: New car...or Newer Car?
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| Compare the differences between some of today's top selling vehicles. |
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| Updated |
Mar 17, 2005 19:41:50 |
| Rating |
 16 ( -2 -12.5% ) | | Author | Brian Chee |
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Description:
We all like to be the first one on the block with a brand new automobile. Yeah, we decided...let's go out and get one of those new cars...heck, you only live once... Yes, it is a nice feeling, until neighbors start asking how much over invoice you paid. They laugh aloud when you say-- invoice? I thought it was a good deal, $500 over MSRP--and you know that feeling is gone for good. And wouldn't you know it--not only did you pay way more than you should have, they haven't even worked out all the kinks yet. What a darn rattle-trap! Sometimes being first is like coming in last. But which way is best? Even if you ignore the "johnny on the spot" impulse and go strictly with the best deal, it's tough to figure out: new car deal, or newer car incentive?
According to John Honiotes, Autobytel Inc. vice president of dealer operations, it comes down to a question of style and function. "If you prefer function over style, then you may want to look for a good deal on a 2002," said Honiotes. "A good example is the Honda Accord. With a new model due out for 2003, you can probably get a good deal on a 'new' 2002, just as long as you don't mind not having the latest thing."
"If style is important, you'd be better served going with the redesigned 2003 -- and you'll probably get a good deal on that, thanks to current rebates and interest deals."
Honiotes, who is credited with creating the concept of an Internet department for auto dealers, stressed that no matter what model year a customer is interested in, they're virtually certain to get a good deal. "There's so much information out there, it's hard to make a mistake," said Honiotes. "And new car quality has dramatically improved, to the point that there is really very little quality difference between a 2002 or a 2003."
Of course, that hardly makes it easier to decide. If you're not sure, keep these tips in mind before shopping:
Style or function? If you want style, go with a redesigned 2003, If a good deal is more important, consider 2002 models. Either way, check current rebates and interest rate offers -- you may be able to get a 2003 at 2002 prices.
Discontinued models: Stay away from discontinued models. Usually, there are few left on dealer lots, so getting a good deal may not be possible.
Low interest deals: Zero percent financing makes it easy to get out of a vehicle sooner than the term of your loan, simply because you owe less.
Interest vs. cash back: Calculate how much you'll save through a low interest deal or a cash back offer. This may have significant bearing on whether you go with an '02 or a new 2003.
We've compared four of the more popular vehicles on the road, just to see which model year is the best deal. As this is a straight-up automaker comparison, rebates, incentives and other specials do not count. You can also run your own comparison, a little bit of research that will significantly improve your chances at buying the right car for the best possible price.
2002 - 2003 Chevrolet Venture
The 2003 Venture Passenger Van has a new Entertainment Group package, which features an overhead flat screen monitor, DVD player, and wireless remote control. Also new is the Convenience Package, and is available on all models. It includes a power sliding passenger-side door, a 6-way power driver's seat, cargo convenience net and illuminated vanity mirrors visors.
Read the review...
2002 - 2003 Honda Accord
The new version is sleek, sporty (the coupe) and still has that old Honda charm of reliability, reliability, reliability. Everything is new, from the new exterior to the interior and power train. Scheduled for sale in September. Read the review...
2002 - 2003 Toyota Corolla
The redesigned Corolla has been transformed with new styling and an array of surprisingly luxurious features for a car priced under $15,000. With styling cues from its older sibling the Camry, the Corolla is now longer, taller and wider. The windshield and rear window glass have been extended, increasing the visibility and updating the design to a more modern, upscale look. Toyota has updated the engine from the previous generation Corolla to improve horsepower and torque. Introduced four years ago, the 1.8-liter, four-cylinder, twin-cam engine has been boosted five horses to 130 horsepower at 6,000rpm and 125 lb.-ft of torque at 4,200rpm.
Read the review...
2002 - 2003 Lincoln Navigator
The Navigator, redesigned for 2003, features independent rear suspension, improved air suspension, and a wider and lower stance. The interior now has leather seats, Walnut Burl inserts, redundant dual zone climate controls, and a premium sound system with six-disc CD changer. The extended range rear park assist system is now standard. The Premium model adds traction control and heated ventilated seats.
Read the review...
Create your own comparison
Note: all vehicle price comparisons are based on list price. |
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