Tip for Getting a Good Deal on a Used Car
If you’re out searching for a used car, after doing the usual homework of getting the CARFAX report, checking the car’s fuel efficiency, reliability, and mechanical soundness, spend a little time comparing the current “new and improved” models to those of a year or two ago.
When a manufacturer releases a redesign of a particular car model, the older version drops in value. It doesn’t drop in reliability, efficiency or any of the things that really matter, it drops in value because it no longer looks, feels and smells like the latest and greatest edition of the style (if the Jonses purchase the latest model car, everyone wants to keep up with them).
If you’re truly looking for value in your new car (not just to keep up with the Jonses), check out Edmunds Upcoming Model Year calendar l when you begin shopping for your used car. Knowing which models have undergone a total redesign will be very helpful in getting a good deal on the newly outdated older model.