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If your goal is to save on a pre-owned vehicle, it's advisable to seek one that has already undergone most of its depreciation. This entails finding a car that is at least two years old, but ideally between three and four years old.
Who gives you the most for a used car? ›Since 1926, Kelley Blue Book has been one of the most trusted names in the auto industry. You might say we literally "wrote the book on car values". And today there's no better place to find the value of your current car than KBB.com.
What's the most sought after used car? ›Most Popular Used Cars in the U.S., 2023 - iSeeCars Study | ||
---|---|---|
2023 Rank | Model | 2022 Rank |
1 | Ford F-150 | 1 |
2 | Chevrolet Silverado 1500 | 2 |
3 | Chevrolet Equinox | 4 |
There's no absolute number of miles that is considered too high for a used car. But consider 200,000 as an upper limit, a threshold where even modern cars begin to succumb to the years of wear and tear.
When buying a used car, what mileage is best? ›A car with 50,000 miles in good condition will provide years of adventures if taken in for regular maintenance visits. But if you find a well-maintained car with 100,000 miles, it may last another four or five years with proper care – and you'll probably get a great deal on the price.
Who gives the most cash for cars? ›Sell your car to an individual or private party
Selling your car to an individual, also called a private-party sale, is typically where you can get the most money.
Cars.com, Carvana, Edmunds, CarMax and TrueCar are our top recommendations for used car websites. Whether you want to find your ideal pre-owned vehicle or find the right buyer for a car you're selling, these sites are easy to use and offer excellent customer support.
What adds value to a used car? ›The condition of the car is, naturally, going to play a role in the car's resale value. Cars that have been well-maintained, regularly serviced and feature a clean vehicle history are likely to sell better than cars that are dingy, dirty and in obvious need of repairs.
Who is better, CarMax or Carvana? ›Carvana vs. CarMax: The Bottom Line
There are more similarities than differences when it comes to buying and selling cars through Carvana or CarMax. In general, you'll likely find a more convenient process when dealing with Carvana and the best price (whether buying or selling) with CarMax.
Today, many shoppers negotiate for a used car by requesting a car dealer quote online or texting the car's owner. Get the numbers: Look up the car's current market value. Make the right opening offer: Keep your offer low, but realistic. Make a counteroffer: Sweeten the deal, but not too much.
How to negotiate an overpriced used car? ›If you determine that the car is overpriced, tell them you are still interested but aren't willing to pay above market value. Then tell them what your research determined to be the market price. Present your offer to them and let them know you will look for a car elsewhere if they aren't willing to lower their price.
What used car has the least problems? ›Where can I sell my car for the most money? Selling your car privately on Facebook Marketplace or Craigslist will get you the most money. But if you don't want to deal with strangers, we recommend checking out Carvana and CarMax for the best offers.
Which used car lasts the longest? ›According to Autotrader, the best used vehicle should be between four and six years old, and have less than 50,000 miles. But you'll also want to consider how the owner drove the car, whether it was mainly driven in the city, highway or a mix — and how well the car was maintained.
Is it better to buy a 10 year old car? ›Affordability: One of the primary advantages of purchasing a 10-year-old car is affordability. New cars experience rapid depreciation in their first few years, making older models more budget-friendly. Buyers looking for a cost-effective option may find that a 10-year-old car provides good value for the money.
Is buying a 20 year old car a good idea? ›Additionally, maintenance costs can quickly add up as cars age. Parts are harder to find, and labor is more time-intensive. If these concerns make you uneasy, avoid cars over 20 years old. This rule of thumb may help ensure your vehicle choice is still safe, reliable, and affordable.
At what age do cars lose the most value? ›Within the first year, many cars will lose up to 20% of their value. After that, they may lose about 15% more per year until the four-or five-year mark.
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