Tuesday, November 20 2018

TFinancial

 

Getting the Best Used Car for the Money

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When looking for a used car, there are a few tricks to finding the best value. As car manufacturers update their styles and designs, older vehicles are considered more outdated, even though these pre-owned vehicles offer many of the same features as newer models. In addition, buying a used car is an environmentally friendly alternative to buying new, and offers opportunity to get a good value when buying a car that is more than three years old. Some makes of cars are known for holding their value over time, while other vehicles depreciate more quickly. Learn more today about finding the best values in used cars.

For every vehicle class or type, there are competitor vehicles that were built for the same purpose. After you figure out what style of vehicle best suits your lifestyle, then look for similar vehicles that are made by other manufacturers. Compare the features with the potential savings of choosing one model over another model. If you are a college student, recent graduate, a veteran, or active member of the military, then look for potential discounts at dealerships in your area. Car companies would like to build your loyalty just as your purchasing power is about to increase, which is why there are student discounts available.

Finding the best value for a used car depends on several factors. If looking for a hybrid vehicle, the Toyota Prius is a good choice. Vying for a model that is 5 years old offers the best savings benefit, but still has many of the same features and excellent fuel economy as the newer models. If bottom line cost is the number one priority, then consider the Suzuki SX4. Look for something that is 5 years old to find the lowest cost, potentially in the $6,000 bracket. Choose the four-wheel drive option to get a slight boost in fuel economy from 22 mpg to 23 mpg in the city, and 30 to 31 mpg on the highway.

Car buyers looking for more cargo room can opt for a large sedan, but will require a little more money to close the deal. The Mercury Sable and Toyota Avalon are both great options that might range in price from $9,000 to $16,000 for models that are more than 5 years old. Both are rated high on reliability, safety and performance. The fuel mileage is rated at 18 mpg for the Sable and 19 mpg for the Avalon in the city. In the class of compact trucks, the Nissan Frontier is a great option. This has also received positive reviews from consumers and critics. The Frontier has the same gas mileage in the city as the Avalon, but offers more utility for the buyer.

When searching for the best value on a used car, it is most important to decide which vehicle style is most beneficial for how you will be using the vehicle. Consider all of the different car manufacturers that make similar models, and compare the features that are most important. If a low cost is more important than having a newer model, then buy something 5 to 8 years old for the best value. Shop around to the various financial institutions to secure the lowest interest rate on any necessary financing. All that is left is to drive away in your new used car.