Used Car Prices to Hit Rock Bottom Soon
According to both KBB and CarGurus.com, used car prices are expected to drop by a further 3 to 4 percent between now and the first week of next year.
Prices peaked in August and are expected to hit rock bottom on January 8, 2012.
Historically, used car prices start climbing rapidly between January and February, sometimes by as much as 4%.
On a $20,000 used car, timing your purchase could save you an average of $800 - which is definitely not pocket change.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
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.Latest Weekly Car Buying Tips
November 2024
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- Cars With the Largest Rebates Nov 14, 2024
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- Real Prices of Large SUVs Nov 07, 2024
October 2024
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- Real Prices of Compact Cars Oct 31, 2024
- Which Cars Better to Lease or Buy Oct 31, 2024
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- New Cars with the Most Available Inventory Oct 24, 2024
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- Cheapest Luxury Lease Deals Oct 17, 2024
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