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10 Biggest Used Car Price Drops
October 31, 2013
As with everything that's for sale, prices can fluctuate. And when it comes to used cars, those prices can fluctuate by a great deal. According to Cars.com, overall used car prices held steady in October, however, used luxury-car prices continued to decrease for a third month in a row.
On the list of the top 10 price drops are the Nissan Quest with a 3.6% drop, BWM Z4 with a 3.4% decrease, and Land Rover Range Rover with a drop of 3.2%. On the flipside, the Infiniti QX56, Toyota Tundra, and GMC Sierra 1500 all increased in price. Below is a look at the top 10 price increases and decreases on used cars.
For the lowest possible price, make sure to use the free RydeShopper. And be sure to check out TrueCar Pre-Negotiated Prices to compare real prices where you live.
10 Biggest Price Drops
| Vehicle | Oct. Avg. Price | Difference From Sept. | % Change |
|---|---|---|---|
| Nissan Quest | $22,979 | -$848 | -3.6% |
| BMW Z4 | $40,129 | -$1,395 | -3.4% |
| Land Rover Range Rover | $60,367 | -$1,975 | -3.2% |
| Infiniti M37 | $33,677 | -$1,010 | -2.9% |
| Mini Cooper S | $21,066 | -$576 | -2.7% |
| Volkswagen Passat | $19,344 | -$593 | -2.7% |
| BMW 128i | $26,298 | -$712 | -2.6% |
| Chrysler Sebring | $13,215 | -$335 | -2.5% |
| Mitsubishi Outlander Sport | $17,717 | -$409 | -2.3% |
| Chevrolet Capitva Sport | $19,920 | -$440 | -2.2% |
10 Biggest Price Increases
| Vehicle | Oct. Avg. Price | Difference From Sept. | % Change |
|---|---|---|---|
| Infiniti QX56 | $49,852 | $701 | 1.4% |
| Toyota Tundra | $3,071 | $244 | 0.8% |
| GMC Sierra 1500 | $29,049 | $106 | 0.4% |
| Lexus LS 460 | $47,014 | $140 | 0.3% |
| GMC Sierra 2500 | $38,743 | $109 | 0.3% |
| Mazda Mazda5 | $16,065 | $42 | 0.3% |
| Ford E-350 Super Duty | $21,700 | $37 | 0.2% |
| Cadillac Escalade ESV | $51,386 | $63 | 0.1% |
| Mercedes-Benz GL-Class | $48,913 | $31 | 0.1% |
| Subaru Legacy | $19,072 | $12 | 0.1% |
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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