What’s better than finding a good price on a new car? For some, the answer is finding a bargain price on a new car.
Forbes has compiled a list of 10 new vehicles that you can get for a bargain price. Why? Because, dealers have a harder time moving them off their lots. The longer a vehicle sits on a dealer’s lot, the less profit it generates. That’s because dealers have to pay financing costs on their inventory. Dealers don’t automatically mark down vehicles that linger in their inventory, but they’re typically more willing to negotiate over the final purchase price on slow-selling models than on more popular models.
According the Forbes, the BMW 640i xDrive coupe is a prime example of a new car that can be bought at a bargain price. The 640i xDrive coupe sits on a dealer’s lot for an average of 205 days; nearly four times the industry average of 51 days. If you don’t mind haggling, Forbes estimates you could potentially shave thousands of dollars off of the $78,400 list price.
Other models on Forbes’ Top 10 list include the Mercedes-Benz E400 Hybrid, Jaguar F-Type, Infinity Q60 coupe, Mitsubishi Outlander, Acura RLX, Mini Paceman, Fiat 500L, Cadillac XTS, and Mini Cooper Roadster.
If these models are out of your price range, haggled or not, you might want to consider shopping for a midsize sedan. According to the National Automobile Dealers Association (NADA) sales in this segment fell 11 percent during the first four months of this year.
The publisher also included a list of the 10 fastest-selling new cars that dealers will probably be least inclined to discount. Topping that list is the 2015 Subaru Forester which typically sells after only seven days of arriving on the lot.
Other models on the list include the 2017 Subaru WRX, which also lingers on the lot an average of seven days, Land Rover Range Rover, Land Rover Range Rover Sport, 2015 Lexus RX350, 2015 Mercedes-Benz GL450, 2015 Chevrolet Suburban 1500, Toyota Highlander, Audi Q5, and the Chevrolet Corvette coupe. All of these models spend an average of 14 days or less on the dealer’s lot.