Best Used Car Deals
Finding the best used car deals over a brand new one is a great proven method of saving a bundle of money. If you didn’t know, a new car loses approximately 20% of its value once you have driven it off the dealership lot.
The bad part is that 2010 was not a good year for finding good quality affordable cars due to the reason that the supply of these cars was very limited as people decided to hold onto their rides for a longer period of time. This limited amount of second hand cars translated into a higher price tag. To be more concrete, the prices went up by 10% this year in comparison to 2009. Hopefully, people will change their cars in 2011 thus lowering the prices of used vehicles.
However, this does not mean that getting a used car is a bad idea, not by far actually. On the contrary, purchasing a used vehicle after a thorough research on the Internet and on the local market is buying like a genius. While we all know that new automobiles are great and all that, purchasing used vehicles means that someone else will pay for that 20% drop in value, while you, the second hand car owner will enjoy not only the car, but also the savings. If you shop smart and are very attentive, you might find a luxury car that was out of your price reach when it was new.
Some of the automakers offer various deals on their certified pre-owned models, which will increase your savings further more. CPOs – certified pre-owned cars are used vehicles that are usually in very good shape and are inspected by the dealers. In addition, these cars are backed by a CPO warranty which gives nervous purchasers some piece of mind. In addition, such automakers will give incentives and special deals on their CPO cars, making them a very good deal.
These best used car deals are a serious issue that should be taken into consideration by all buyers, even the ones that are looking for a new car. Most of the credit companies usually see used-car purchasers as bigger risks in comparison to new-car buyers which in most cases means that used-car financing rates are significantly higher than new-car financing rates. When the car manufacturers offer special financing deals, then would be a good time to make your move and get a good car and save money.
For December, there are some good used cars from the most important names in the automotive industry, like Mercedes-Benz. Another significant example would have to be Honda, cars known to offer great reliability, even for the used cars. Although cash back offers are somewhat rare on certified pre-owned cars, buyers can get a nice deal by negotiating the price tag and by taking advantage of the reduced financing rates.
This month you can get a good deal on pre-owned Mercedes with a 1.99% APR financing. The car models available with this affordable rate include the entry level C-Class as well as the benchmark E-Class. Another interesting model eligible for this deal is the midsize sport utility vehicle M-Class. This great deal is also available for the larger GL-Class. All the cars applicable for this promotion are manufactured between 2007 and 2008 and the deal expires on January 4th, 2011.
Ford is also offering a good deal with 2.9% financing for 48 months on the following models: Explorer, Taurus, Mustang, Fusion, Focus and others as well. The deal is available until January 13th, 2011.
With 1.9% financing, you could get a certified pre-owned Honda Accord. The deal is available also for the Accord Coupe and for the Crosstour, along with the sedan. The deal is available until January 4th, 2011.
Other examples of good deals include the Subaru Impreza, Toyota Prius, Mazda 3 and the Toyota Corolla for the small car/wagon segment. In the SUV compartment, the Hyundai Santa Fe, Acura MDX, Subaru B9 Tribeca, Mitsubishi Outlander and Subaru Forester are attractive deals. In the family/large cars compartment, we find the Toyota Avalon, Nissan Altima and the Mercury Milan. If you are interested in a used luxury vehicle, it is recommended to get one of the following cars: Acura 3.5 RL, Lexus LS, Volvo S60, Infiniti M45 or the Lincoln MKZ.
For the sports car segment, good deals are available for the Ford Mustang, Nissan 350Z, BMW Z4 M, Honda S2000 and for the Mazda MX-5. Affordable pickup trucks include the Toyota Tundra, Honda Ridgeline and the Nissan Frontier.
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