In recent years leasing has become so popular that many vehicles coming off lease are now flooding the market. More available inventory is driving down the price of used vehicles, which is great news for buyers. According to Edmunds not all body styles have dropped in price and the average used car price is actually 7.1% higher than last year. Right now the best used car deals are on subcompact cars and small cars that are five years old and less have dropped 2.8% and 2%, in the first quarter, respectively. Prices for midsize cars, minivans, and sports cars have also come down.
Gas prices have contributed to the drive for consumers to buy bigger vehicles making their prices increase. Now is a good time to buy a small, fuel efficient vehicle.
Download the Instamotor App and browse for small cars and hybrids and you’ll be sure to get the best price on a used car without paying for fancy showrooms and operational overhead.
Not your typical used car salesman. Our team is here to provide honest and transparent advice about car buying and selling.