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Used Car Prices Keep Going Up

Used Car PricesMost people think that a car's value depreciates over time.

But analysts discovered that the average used-car price is up 10% versus last year, thanks to tight supply and high demand.

Hyundai was the brand with the greatest increase in used prices at 22%.

As for increase in models, the Chevrolet Camaro came in at the top, seeing a $2,312 or 16% increase versus the year before.

The second-place finisher, the Ford F-150, was up 14% over last year.

While used-car buyers will likely feel a pinch when they buy, both new and used buyers will see a benefit if they're trading in a car for their next purchase.

The higher the used car prices go, the more attractive it becomes to buy a new car since the price difference is less.

If you're the type of car shopper who never considers buying new, now might be the time to at least comparison shop.






3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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About The Author

Gregg Fidan Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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