Thanks to an increasingly better economy, many Americans are expected to be trading in their old lemons for something newer and nicer this year. When one starts to ponder the possibility of buying a car, the initial thought is likely to be a matter of the preferred body style and brand. Another key aspect of buying a car to consider, however, would be whether you’re best fit is going to be brand new, certified pre-owned, or an old gem.
As the economy steadily inclines, automakers are continuously making innovations in their designs through better technology, more safety and above all else-convenience. Due to these advancements, the price of a new car has risen by 11% since 2011.
That’s likely going to be pushing it for the more frugally inclined families in the market this year. Many consumers are acquiring more buying power and sales savvy, making the car market even more competitive- and pushing the price tags even higher.
New cars are liable to get pretty pricey this year, and yet the fact remains that a third of the value flies out the window as your driving off the lot. Exceptionally savvy customers realize this and will be making their first stop, and likely the last, at a pre-owned lot. For those of you who still want a piece of that technological pie, a used car lot can sell a car from the previous year with as few as 100 miles on it with a huge discount.
|2017 Mercedes E-Class at Drivers Choice|
Used car sales are expected to boom this year, thus you can expect to see dealerships bulking up their lots with more pre-owned vehicles than ever. This will prove to be quite advantageous for the penny pinchers and deal hunters abound, as prices are apt to get more reasonable with the anticipated influx of business as well.