Used vehicle prices have dropped significantly since their peak in 2022, opening up opportunities for buyers looking for budget-friendly options. As the market stabilizes, savvy consumers can take advantage of lower prices and attractive financing offers on various models. Here, we’ll explore the best-used vehicles you can buy today without stretching your budget.
Reasons to Consider Used Cars
The automotive market has seen monumental shifts since the COVID-19 pandemic due to supply chain issues and inflation. Initially, this led to an increase in used car prices; however, recent data indicates a decline. This change is great news for buyers eager to save money on their next vehicle purchase.
Investing in a used car not only allows for significant savings, but many certified pre-owned options offer robust warranties and lower financing rates, making them especially appealing.
Top Picks for Used Luxury SUVs
If you’re interested in a luxury SUV, several models stand out right now
- 2020-2024 Lincoln Corsair: Known for its luxurious features and superior ride quality, the Lincoln Corsair stands out as an excellent choice. Dealers are offering 5.49% APR financing until January 2nd on certified used models. The price drop from its peak makes this a compelling option for luxury seekers.
- 2019-2024 Ford Escape: A compact SUV that merges modern technology with impressive fuel economy. The spacious interior and decent cargo space make the Ford Escape a solid contender. Benefit from 5.99% APR financing until January 2nd, making it an attractive purchase for budget-conscious consumers.
Affordable Financing Options to Explore
Financing a used car can be daunting, but several manufacturers are currently providing enticing deals. Here’s a breakdown of appealing financing offers
- 2019-2025 Audi A4: This sleek vehicle is known for its head-turning style and engineering excellence. Currently, there’s an appealing 3.99% APR financing option available through January 2nd, offering flexible terms up to 36 months.
- 2019-2023 Mini Clubman: Though small, the Mini Clubman delivers on both aesthetics and function. With 3.99% APR financing available until January 2nd, it showcases the practicality of choosing a certified pre-owned option.
Luxury Sedans Worth Considering
If luxurious sedans fit your style, several certified pre-owned models are worthy of attention
- 2019-2024 Infiniti Q50: This luxury sedan combines elegance and affordability, especially when considering the 5.99% APR financing offer available until January 6th.
- 2019-2022 Lexus ES: Renowned for reliability and comfort, the Lexus ES is perfect for anyone seeking a dependable luxury vehicle without breaking the bank.
Best Budget-Friendly Sedans
Explore budget-friendly sedans that excel in performance and value
- 2019-2022 BMW 3 Series: A classic choice for sedan enthusiasts, the BMW 3 Series turns heads while delivering performance. Currently, 4.99% APR financing is available on certified pre-owned vehicles, ensuring you don’t miss out on this opportunity.
- 2020-2023 Mercedes-Benz C-Class: Perfect for those who require luxury without excess bulk, the C-Class is both stylish and relatively affordable. Financing is available at 3.99% APR until January 2nd.
Family-Friendly SUVs on a Budget
Families seeking additional space and versatility can look towards these SUVs
- 2019-2024 Subaru Crosstrek: A family favorite, the Subaru Crosstrek blends practicality and budget-friendliness, ensuring you stay within your spending limits. Take advantage of 3.99% APR financing available at local dealerships until January 2nd.
- 2018-2024 Toyota Camry: A consistent best-seller, the Camry’s reliability and excellent fuel economy help explain its popularity. Dealers are currently offering 4.99% APR financing until January 6th, making it an ideal candidate for budget-conscious drivers.
Consider Total Ownership Costs
When considering a used car purchase, it’s essential to analyze more than just the upfront costs. Factors like gas, repairs, and maintenance will contribute to your overall budget. Moreover, it’s wise to compare car insurance rates in your area to optimize your savings. Some companies can help you save up to $600 per year – a significant amount that can alleviate financial stress in the long run.
Final Thoughts
Exploring the used car market offers more opportunities than ever for buyers looking for value amidst a fluctuating economy. With lowered prices after peak inflation, now is the time to take advantage of excellent financing options as well. Researching the best used car financing deals can lead you to a vehicle that meets both your lifestyle and budget requirements. Adding a used car to your garage can be a smart financial move.
Selecting a vehicle from options that include luxury SUV deals and budget-friendly SUVs not only ensures you get a quality vehicle but at a fraction of the price compared to buying new. It’s about choosing wisely and enjoying the ride while keeping your finances in check.