Used car prices have dropped significantly since their peak in 2022, presenting savvy shoppers with a unique opportunity to save money. If you’ve been considering a vehicle upgrade, now is the time to explore the market where numerous options offer attractive financing incentives. This article highlights some of the most advantageous deals available, particularly focusing on luxury and certified pre-owned vehicles.
Used Car Prices Dropped: A Unique Buying Opportunity
Due to the aftermath of the COVID-19 pandemic, used car prices in 2022 experienced unprecedented inflation. However, as the economy recovers and supply chains improve, prices have begun to decline. As per the U.S. Bureau of Labor Statistics, the price drop signifies a perfect moment for those looking to acquire a vehicle without overstretching their budgets.
Kelley Blue Book has spotlighted several cars that exemplify the best value for your money. These vehicles combine performance, luxury, and affordability, making them superior choices in today's market.
Luxury on a Budget: The COVID-19 Era's Best Buys
2020-2024 Lincoln Corsair
Luxury SUV enthusiasts, rejoice! The Lincoln Corsair offers a fine blend of comfort and advanced technology. If you purchase a certified used model, you can lock in 5.49% APR financing for the used Lincoln Corsair until January 2nd. This makes it an appealing choice for those who desire a premium vehicle without the hefty price tag of a new model.
BMW 3 Series
The iconic BMW 3 Series has long been a favorite among sedan lovers, combining sporty handling with a luxurious experience. Current financing options include 4.99% APR financing for certified pre-owned BMW deals until January 2nd. This financing offer not only provides an opportunity to own a luxury car but does so at a cost-effective rate that keeps more money in your pocket.
Other Notable Used Vehicles with Excellent Financing Options
- 2019-2024 Ford Escape: Perfect for families, the Ford Escape blends tech features with spacious interior comfort. Financing rates start at 5.99% APR for the used model until January 2nd.
- 2019-2024 Audi A4: Known for its stylish design, the Audi A4 showcases Audi engineering and sophistication, with 3.99% APR financing available until January 2nd.
- 2019-2023 Mini Clubman: For those seeking a compact yet spacious vehicle, the Mini Clubman is ideal. Financing options allow for 3.99% APR until January 2nd.
- 2019-2024 Infiniti Q50: This luxury sedan offers performance and elegance with 5.99% APR financing until January 6th on certified pre-owned versions.
- 2019-2022 Lexus ES: The Lexus ES provides luxury and reliability. It’s a competitive choice in the used car market for those prioritizing comfort.
- 2020-2023 Mercedes-Benz C-Class: A compact luxury car option, the C-Class is available with 3.99% APR financing at dealerships through January 2nd.
- 2019-2024 Subaru Crosstrek: Combining practicality with versatility, the Crosstrek is a great choice for families, offering 3.99% APR financing until January 2nd.
- 2018-2024 Toyota Camry: Known for its reliability, the Toyota Camry continues to be one of the best-selling cars to meet consumer needs, with 4.99% APR financing available until January 6th.
Maximizing Your Savings on Used Vehicles
While hunting for your next vehicle, it's crucial to account for the overall costs that come with ownership: gas, repairs, maintenance, and insurance. Understanding your monthly budget can help streamline the decision-making process. Researching insurance options can yield significant savings; some consumers have reported saving up to $600 annually by comparing different providers. Taking advantage of shopping tools can yield the best rates tailored to your needs.
The decline in used car prices since 2022 paired with attractive financing rates makes it an opportune time to invest in a vehicle that suits your lifestyle and budget. Dive into the world of certified pre-owned luxury vehicles and seize these unique offers before they expire. The right choice awaits you, and it could save you significantly over time.