Easiest Way To Buy A Used Car

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\"We're actually living in a golden age of used cars,\" says Reed. \"I mean, the reliability of used cars is remarkable these days.\" Reed says there is an endless river of cars coming off three-year leases that are in very good shape. And even cars that are older than that, he says, are definitely worth considering. \"You know, people are buying good used cars at a hundred-thousand miles and driving them for another hundred-thousand miles,\" says Reed. \"So I'm a big fan of buying a used car as a way to save money.\"

Even if you buy a slightly newer used car than the Raekers', the couple raises a great point. What else could you be spending that car payment money on And if you can cut in half what you might otherwise spend, that's a lot of extra money for your retirement account, your kids' college fund or whatever else you'd rather be doing with that money.

Buying used has not been immune to the price increase. The monthly payment for a used vehicle in the fourth quarter of 2022 was $526, according to Experian. But buying used is still less expensive than buying new. So as you explore your car-buying options, keep these tips in mind to get the best deal.

One way to get around some of the risks of buying used is to shop for a certified pre-owned (CPO) vehicle. Typically found at dealerships and rental companies, these vehicles are specially inspected and approved by the manufacturer.

In the United States, owning a car is a must unless you live in a major city or anywhere west of the Mississippi. With the price of used vehicles fluctuating wildly over the past few years, you might wonder where the best place to buy a used car is. The Clunker Junker pondered the same thing. After analyzing tens of thousands of used car listings nationwide in order to come to a conclusion, it has answers. Want to buy a used car Book a trip to New Jersey.

The Clunker Junker describes itself as \"the easiest way to sell your junk car,\" which is what it mostly deals in. It also does surveys and studies like the one we're covering today. Using Cars.com listing data, it came to a variety of conclusions about the best and worst cities to buy a used car. Jersey City, New Jersey, is both the cheapest city in the country to purchase a used vehicle as well as the most affordable for the average resident. The most expensive city is Anchorage, Alaska, although in terms of both cost and local affordability, El Paso, Texas, takes the cake. Anchorage is comparatively cheaper for residents.

Popular used cars in Jersey City are 9% cheaper than the national average. Of the top 10 cities on the list, though, it is the only one in New Jersey. Five of the top ten are cities in Florida, and they are Miami, Tampa, Hollywood, Orlando, and Fort Lauderdale. Of the remaining cities on the list, two are in California: Santa Ana and Huntington Beach. The remaining cities are Detroit and Cleveland.

Above, you can see the full lists of affordability and pricing. Texas, as it turns out, is not a great place to buy a used car, at least using this study's methodology. Four of the top 10 least affordable cities to buy a pre-owned vehicle are in Texas, and they are El Paso, Lubbock, Amarillo, and Corpus Christi. Many of the other least affordable states are in the south as well.

The study is pretty robust. To compile the data, it compared the top 200 most populous cities in the United States along with 183,640 listings from Cars.com. From there, it compared the prices of 14 common used cars from a variety of automakers. The entire methodology can be found on The Clunker Junker. The only issue I can really see with it is that uses gross income to determine affordability when disposable income might be a better way to do it. Average incomes are higher in Jersey City, for instance, but the cost of living is also pretty high.

In any case, the findings are interesting. New Jersey, believe it or not, is something of a used car mecca. In my experience, every used Maserati goes there to die and other pre-owned European cars can't be had for much less anywhere.

An analysis by Santander Consumer USA identified nearly 100 online research and shopping resources available to the nearly 40 million consumers that shop for used cars in a typical year. The best used car sites were named by 28 sources that listed choices for those most helpful to car shoppers.

Few shoppers look at even a half-dozen of the best used car websites, based on a recent survey, which showed that online shoppers visit an average of about four websites before buying their used vehicle, and that third-party websites typically were the first and last online shopping destinations.

Cars.com*Cars.com provides shoppers data, resources and digital tools to make informed buying decisions about new, used and certified preowned vehicles and to connect them with dealers. Search by make, model, body style, color, features, price, deal rating (great, good, fair price) and more. The site offers one of the simplest car affordability calculators we encountered, and an outstanding tool enabling detailed comparisons between several vehicles. New car reviews and videos also are provided. (+)

Edmunds.com* Edmunds offers a nationwide database that empowers customers to search a vast inventory of new, used and certified preowned vehicles in their area. The site provides comprehensive used-vehicle search capability and vehicle rankings; reports new-car pricing; identifies highly-rated used cars; flags great, good and fair prices, and offers affordability and loan calculators. Edmunds also provides True Market Value and True Cost to Own on used and new cars, respectively. While a bit overwhelming, the website is worth exploring for the wealth of information it can provide to serious shoppers. (+)

CarMax*Shoppers can find CarMax-certified used vehicles online that are available through 225 stores nationwide. Shop by vehicle price, category, brand, model year, popularity and lifestyle (commuter, eco-friendly, family and outdoor), for example. Although the website could be easier to navigate, shoppers should be able to find car-buying tips and an easy-to-use car payment calculator. (+)

Our lists of the 16 best used car websites based on a survey of online sources and 13 that get proven search results based on our own research should make it a little easier to identify those third-party websites which may be the best used car sites in your search for another vehicle.

Our local dealership keeps a great stock of used cars, trucks, and SUVs in inventory. With competitive prices offered on every pre-owned model for sale on our lot, you won't find a reason to visit any other dealership in Kentwood.

This car search engine collects used vehicle listings from across the internet (on sites such as AutoTrader, Cars.com, Craigslist, and eBay Motors) and puts them all in one place. On this site, you can search for cars by make, model, location, price, mileage, and more.

CarGurusCarGurus boasts that if you search for a used car on its site, the top listings that pop up will be based on market value and dealer reputation, and not on how much a dealer pays for a listing.

Vehicles that were used multiple times every day in pre-COVID times are now sitting in garages for days if not weeks at a time. This, along with an economy stifled by business shutdowns and restrictions, has prompted many people to sell their current vehicle and/or downsize their family vehicle fleet. Some consumers are also trading a larger or luxury vehicle for a smaller non-luxury vehicle that is less expensive to own and operate.

What this means is lots of people are buying and selling used cars. This is attested to by statistics on used car sales at auction gathered by J.D. Power. Among the findings: used car prices have grown 35% over the past 16 weeks and are now 15% higher than at the beginning of March.

All this might prompt you to consider selling your car. Of course, if you're going to do that, you have many options. Some are obvious, like trading the car in or selling it to a neighbor or friend, and some are less obvious, like selling it to a national used car retailer or getting a guaranteed price from a local dealer. This article is intended to give you good advice on selling your car for the most value.

If you plan to trade your car in as you purchase a new vehicle you can expect to receive the appropriate trade-in value. Similarly, if you sell your car to a dealer you can expect to receive something close to the trade-in value. These are essentially wholesale prices that provide a margin of profit to the dealer when they retail the used car.

An obvious alternative is to trade in your car on another car, but if you are selling your car without replacing it, that is not an option. You can, however, sell your car to a dealer simply by going to dealers in your area and asking them what they will pay for your car. Or you can take it to a location of a national used car retailer, like CarMax for example, and ask the same thing. The easiest solution is available right here on the J.D. Power website through our Sell My Car solution.

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