Is it OK to buy a car that has been discontinued?

Is it OK to buy a car that has been discontinued?

Buying a discontinued car model can be an investment, especially with older vehicles. Unlike with most cars, your vehicle might actually increase in value if you’re lucky — and you can often get a good deal on recently discontinued models. But it might not be the safest option out there.

Why is Ford Fusion being discontinued?

2018 saw Ford begin discontinuation plans for the Ford Fusion Sport and the brand’s other sedans in North America. Perhaps this shift was due to a strategic move by the company to focus more on vehicles the North American market was after.

What happens if a car is discontinued?

When an automaker stops building a car, it continues building parts for years after the car goes out of production. Other third-party companies also routinely build car parts, too. For example, the Honda Fit is no longer available brand new.

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Is it worth buying a Ford Fusion?

The 2020 Ford Fusion is set to be the last of its kind, but it’s still a wonderful option if you want a mid-sized sedan. You get a ton of standard features and technology even with the base model. The available all-wheel drive makes it unique for this class of vehicles. It’s also a stylish car both inside and out.

Are discontinued car parts more expensive?

Unsurprisingly, discontinued models tend to depreciate in value quicker than remaining ones. They also aren’t likely to be hot commodities in the used car market. However, sometimes discontinued models become more valuable over time or are even brought back to life.

Are discontinued cars more expensive to insure?

What happens to the value? A discontinued car may depreciate faster, in part because of the issues of repairing it, Gray said. Car insurance rates shouldn’t change too much since they’re based more on driver history and the cost to replace the vehicle rather than its brand, she added.

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Is it hard to fix a discontinued car?

To us, the answer is a resounding maybe. Some of these cars may still have an abundance of parts, while others may not. Buying a relatively new car from a discontinued automaker might be a safe bet, but you may have more difficulty finding parts for an older one.