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10 Biggest Used Car Price Drops

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 in December hit a new low for 2013, averaging about $700 less than at the start of the year.

On the list of the top 10 price drops are the Mitsubishi Outlander with a 3.5% drop, BWM Z4 with a 2.9% decrease, and Mercedes-Benz E-Class with a drop of 2.9%. On the flipside, the BMW X3, Porsche 911 and GMC Sierra 1500 all increased in price.

Biggest Price Drops

VehicleDec. Avg. PriceDifference from Nov.% Change
Mitsubishi Outlander$18,155.00-$668.00-3.5%
BMW Z4$37,581.00-$1,108.00-2.9%
Mercedes-Benz E-Class$37,311.00-$1,100.00-2.9%
BMW 128i$24,723.00-$729.00-2.9%
Infiniti M37$31,624.00-$923.00-2.8%
Mercury Mariner$16,883.00-$482.00-2.7%
Kia Sedona$17,413.00-$479.00-2.7%
Mercury Milan$14,615.00-$403.00-2.7%
Kia Rio$11,850.00-$326.00-2.7%
Ford Flex$22,529.00-$612.00-2.6%

Biggest Price Increases

VehicleDec. Avg. PriceDifference from Nov.% Change
BMW X3$32,493.00$330.001.0%
Porsche 911$94,882.00$527.000.6%
GMC Sierra 1500$29,001.00$58.000.2%





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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