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The Best Deals on Used SUVs
May 17, 2012
This week, Consumer Reports took a look at late-model used SUVs to determine which ones offer the best deals.
The biggest benefit of buying a used vehicle is the savings. Vehicles tend to depreciate the most during the first few years of ownership.
Consumer Reports looked at 2007-2008 model year SUVs and picked the ones that scored well in their tests, had at least average reliability, and scored well in crash tests.
The models listed have dropped in value between 21% and 45% when compared to the original MSRP. If you're considering buying one of these, make sure to get the vehicle inspected by an independent mechanic before doing so.
| Vehicle | MSRP (new) | Avg. Asking Price | Savings |
|---|---|---|---|
| 2007 Kia Sportage | 18,895 | 11,150 | 41% |
| 2008 Kia Sportage | 19,045 | 12,825 | 33% |
| 2007 Mitsubishi Outlander | 23,770 | 13,150 | 45% |
| 2008 Hyundai Tucson | 19,520 | 13,275 | 32% |
| 2007 Hyundai Tucson | 22,495 | 13,800 | 39% |
| 2007 Honda CR-V | 20,600 | 14,200 | 31% |
| 2008 Mitsubishi Outlander | 23,330 | 14,650 | 37% |
| 2007 Toyota RAV4 | 22,985 | 15,575 | 32% |
| 2008 Honda CR-V | 20,700 | 15,700 | 24% |
| 2008 Nissan Rogue | 20,450 | 15,750 | 23% |
| 2007 Honda Pilot | 28,395 | 15,775 | 44% |
| 2008 Honda Pilot | 27,575 | 16,425 | 40% |
| 2007 Toyota Highlander | 28,965 | 17,075 | 41% |
| 2008 Subaru Forester | 22,495 | 17,825 | 21% |
| 2007 Mazda CX-9 | 29,035 | 17,875 | 38% |
| 2008 Toyota RAV4 | 24,685 | 18,075 | 27% |
| 2007 Subaru Forester | 28,695 | 19,650 | 32% |
| 2007 Acura RDX | 32,995 | 22,375 | 32% |
| 2008 Acura RDX | 33,195 | 23,700 | 29% |
| 2008 Toyota Highlander | 31,400 | 24,225 | 23% |
| 2008 Infiniti FX35 | 38,050 | 25,475 | 33% |
| 2008 Lexus RX 400h | 42,080 | 32,325 | 23% |
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 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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