Prices for new cars continue to rise. It’s a fact. And in a dubious economy as the coronavirus pandemic continues, buying a new car is not a priority. A used car? It has temporarily become a much more popular selection among Americans.
Non-rental used cars are a popular option, as rentals are limited to mileage limits and are sometimes supported. It also means that cars are still new. In some cases, the automaker may not have made any adjustments to the specific model.
So, for low-budget auto buyers, we have the latest iSeeCars exam that looks at the most productive offers on used cars outside of rent of less than $15,000. There’s a lot of knowledge about cars here, but this time we’ll highlight the bargains, even if there are massive savings in cars like the Audi A6, BMW 3 Series and others.
The most sensitive Ford Fusion Hybrid is offered in a 3-year-old vehicle. Part of its first position is its fairly shocking depreciation of 54.9% over the past 3 years. However, this makes the sedan a fuel theft at just $13565 on average. The popular Ford Fusion is in position at the moment, with an average value of $14,663. The fact that Ford has left this car is probably also helping to create low values.
Three other sedans run through the five most sensitive styles: the Volkswagen Passat with an average value of $14,447, the Kia Optima ($14613) and the Nissan Altima ($13718). Keep in mind that when you read this, those cars are 2017 or 2018-style years, depending on when the cars were shipped. Again, there will be many fashionable amenities packed in cars, as well as big savings. For example, the three-year Passat would charge approximately $11,000 more if it implemented a 2020 style.
At the front, the Fusion Sport has a black mesh grille and fog lights.
Landing in sixth place is the Hyundai Sonata, whose average price is just $14,869, thanks to a 42% depreciation factor. Behind it is the only crossover on the list, the Chevrolet Trax, with an average cost of $14793. Two compact cars end down, the Hyundai Elantra and Nissan Sentra at $12369 and $11859, respectively, before the Kia Soul reached tenth position. It has an average price of $13,336 for a three-year model.
If you’re wondering how cars are classified, it all comes down to depreciation, which you can see in detail in the table below. The review showed that cost-effective cars had an average depreciation rate of 39.4%, making some of those cars much less valuable.
Knowing that those cars are only 3 years old, they probably haven’t reached the back of their depreciation curve. This may not make them better for reselling in the near future, but it’s helping to create bargains here and now.
This was originally published in Roadshow.
Gallery: The 20 Best-Selling Cars in the World – AMERICAN Edition (Autocar)
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