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Depending on your tastes and needs, buying an outgoing model just before it’s replaced by a new one can be a good deal. But holding out for newer versions has its own rewards.

It’s not exactly Christmas come early, but automakers have gotten a flying start this year on model-year blowouts. At dealerships around the country, 2007 models are being hustled off the lots to make room for the incoming 2008s...

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Are Model-Year Closeouts a Good Buy?

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