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The reasons why now is the best time to buy a used car

Why Now Is the Time to Buy a Used Car. Photo by Tino Rossini If you’re looking for an awesome deal on a car, buying used is generally the way to go.
Actually, this may be good news if you’re looking to buy a new car, too.
In other words, there’s more supply than demand, which is good news if you’re in the market for a gently used car.
This trend has created an oversupply of off-lease used cars, which means prices are dropping.
Late-model used cars are at bargain prices, yes, but experts expect the trend to drop the price of new cars as well, says the AP.

referring to

Here’s Some Good News If You Want To Buy A New-ish Used Car – Consumerist

 Buy A New-ish Used Car

Since the typical lease for these cars is three years, many of those 28,000 vehicles will be up for sale as used cars.
Automakers could collect lease payments for a few years, then turn around and re-sell the vehicle as “certified” to another buyer interested in a new-ish car.
Are you going to be in the market for a car in the near future?
This all seemed like a good idea at the time, because sedans were holding their value pretty well three years ago.
In 2014, the brand leased 28,000 Q50 model sedans at low prices, which was more than 75% of the Q50s produced.

referring to

Here’s Some Good News If You Want To Buy A New-ish Used Car – Consumerist

Since the typical lease for these cars is three years, many of those 28,000 vehicles will be up for sale as used cars.
Automakers could collect lease payments for a few years, then turn around and re-sell the vehicle as “certified” to another buyer interested in a new-ish car.
Are you going to be in the market for a car in the near future?
This all seemed like a good idea at the time, because sedans were holding their value pretty well three years ago.
In 2014, the brand leased 28,000 Q50 model sedans at low prices, which was more than 75% of the Q50s produced.

collected by :Haily Jackson

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