How old of a used car is the best deal?

Purchasing a used car that is just 2-3 years old is a massive saving on new car prices and you get a virtually new car. But if you are willing to potentially sacrifice on styling and features, a five-year-old vehicle offers even more dramatic savings and is unlikely to cost much more in annual maintenance.

How much do dealerships come down on used cars?

According to iSeeCars.com, used car dealers cut the price on the average vehicle between one and six times over that 31.5 day listing period. The first price drop is significant — the firm says that the price drops, on average, by 5\% the first time the dealer rips the old sticker off the car and pops a new on.

What is the sweet spot for used cars?

According to Acorns, the “sweet spot” in age for a used car is around three to four years old with 30,000 to 40,000 miles on it. Although the price of a used car that’s only three or four years old will be higher than one that’s older, buying a “newer” car can have some benefits.

What tricks do car salesmen use?

6 Tactics of a Used Car Salesman

• 1) The Hard Sell. This is the salesperson that simply won’t leave you alone.
• 2) Selling on Payment Instead of Price.
• 3) The Trade-In Trick.
• 4) Bad Information.
• 5) Hidden Fees.
• 6) The Waiting Game.
• Now for the Good News.

What must you do to negotiate a good car price besides haggle?

How to Negotiate the Best Car Price

• 1) Be Prepared.
• 2) Arm Yourself With Information.
• 3) Get Your Financing First.
• 4) Find the Deals.
• 5) Head to the Dealership.
• 6) Get Your Timing Right.
• 7) Shop at Multiple Car Dealers.
• 8) Remember It’s a Business Transaction.

What is the best age to buy a used car?

Unfortunately, everyone is looking for used vehicles because there is no replacement for new cars other than used cars. “I think the sweet spot [for used cars] is 3-to-4 years old with 30,000 to 40,000 miles on it,” Reiss says. The average price of a 3-year-old car is $28,289, according to Edmunds.

What should I look for in a 10 year old used car?

If you’re looking for a 10-year-old used car, you should focus on models that offered those features and make sure the example you’re considering has them. If you want the widest selection of cars with the most important safety features, consider cars starting from the 2012 model year.

How much is a 3 year old car worth?

The average price of a 3-year-old car is $28,289, according to Edmunds. The average price of 5-year-old car is $23,110, saving you a bit more than $5,000.

Is it better to buy a used car or New?

If you’re looking for the ideal used car bargain, buy as old a car as you’re comfortable driving that’s in good condition and reflects diligent care from the former owner. You can’t beat that bargain by buying new or even nearly new.