A late-model vehicle is defined as any passenger motor vehicle from one of the six previous model years, according to Michigan's scrap title law. A vehicle over 8,000 pounds is considered a late model if it was manufactured in the last 16 years. In general, a later model means it has a newer year of manufacture.Continue Reading
In 2012, some of the most in-demand, late-model vehicles three years old or newer garnered 70 percent of their value in the used car market, according to Forbes. Used car dealers faced a shortage of inventory and needed to pay more money for better cars. Part of the reason for the shortage in 2012 was the government's "cash for clunkers" program in 2009.
Mike Carlson Motor Company states there are three advantages of purchasing a late-model car. A newer car has a greater chance of being properly maintained, there is a greater likelihood of it having had a single owner and there are fewer repair costs associated with newer vehicles. A late-model car may still be under warranty and is likely to have a dealer record of the vehicle's maintenance. Single-owner vehicles are often in better condition than those owned by more than one owner. A late-model used car also typically has fewer miles than an older model vehicle and is likely in better shape.Learn more about Car Makes & Models
Honda Motors has a search tool on its website that allows vehicle owners to search for recall information for its vehicles; visitors to the site can search by vehicle identification number or by year and model number. Additionally, Edmunds publishes an up-to-date recall list for Honda vehicles that includes recall summaries for new and used Hondas.Full Answer >
What size rims an owner should put on a stock Ferrari depends on the year and model of the vehicle. If the Ferrari has been customized, or if the owner wants to deviate from recommended rims, the rim may also drastically affect performance.Full Answer >
Jeep voluntarily recalled various model years of its Compass compact sport utility vehicle on several occasions to provide fixes for a variety of issues. More serious issues included in Compass recalls included airbags that may not deploy properly and a binding accelerator pedal.Full Answer >
The initials "LS" stand for luxury sport when referring to a Chevrolet vehicle, whereas LT refers to a Chevrolet luxury touring vehicle model. Both LS and LT models provide features not found in base models.Full Answer >