As per reports, used car prices are dropping and slowly getting normalized as the bottlenecks are clearing up in the supply and demand chain. It is positive news for those planning to buy a used car this year.
When it comes to used cars, you may get overwhelmed with the options circulating the market. However, it is better to choose a vehicle based on the utility and budget. And learn more about the vehicle before buying. Let’s look into some of the some of the best vehicles in each category you can focus on.
When it comes to cars, there are different subcategories that you will have to pick from. If you want a small vehicle that is perfect for 2-3 people and is pocket-friendly, then hatchbacks and small sedans are a great choice.
Honda Civic and Honda accord are two popular and reliable choices in small and mid-sized sedan cars. The small sedan price range can start at around $12,000. And the midsize sedan price can be from $15,000 to $17,000. They give off a sophisticated vibe with their stylish yet compact interior and good mileage. These cars are known for their budget-friendly options.
Also, in the car and specifically sedan category, you can find luxury choices. Some popular luxury sedan brands are Audi, Mercedes, BMW, Lexus, etc. these cars are known for their exceptional features, aesthetics, and powerful performance. Second-hand luxury cars can range anywhere from $18,000 to $30,000.
If you want a vehicle for your small or midsize business, buying a truck is more beneficial than any other car type. Trucks are known for their added space that will help carry more in and around the city. Also, trucks are perfect for buying a vehicle for all-terrain recreation.
Three of the most popular truck brands are RAM, Ford, and Toyota. For years, they have made some of the best trucks in all sizes and segments. Ford Maverick and Toyota Tacoma are both excellent as mid size trucks. These are muscular and athletic-looking trucks for both on-road and off-road driving.
If you want a full-sized truck, the Ford F-150 is an excellent choice for businesses. RAM trucks are perfect and are an excellent choice for the power truck range. The range of used trucks can range from $16,000 to $22,000. Price will depend on the features, style, age, and brand.
3. SUVs Or Station Wagons
Ample interior space, high seating position, better visibility, and high-performance engines are a few reasons why SUVs are so popular. Sports utility vehicles are perfect mid-range between a truck and a car. You get the best of both worlds. Click here to learn more about used SUVs.
SUVs are known for their added cargo space. Second-hand SUVs are a perfect choice for those planning to spend less but get a bigger vehicle. KIA Telluride, Hyundai Tucson, Genesis GV70, etc., are popular picks in the used car category. These cars tend to have a second-hand car pricing of around $20,000 and up.
Genesis and Lexus have several full-sized SUVs as well. These cars are big, have the latest features, all-wheel drive, and give off complete luxury vibes. The range of these cars is much higher than mid-sized and small SUVs.
4. Station Wagons
Station wagons, hybrid cars, and minivans are some of the choices in big car categories. They are the perfect family car. Bigger families can easily fit in a minivan or station wagon. If you want your vehicle to have the features and attributes of both car and SUV, you can also opt for a hybrid.
Hyundai, Subaru, KIA, Toyota, and Mercedes are popular car companies that make station wagons and minivans. The pricing on these minivans and station wagons can range from $25,000 and above. However, the pricing depends a lot on the car’s brand, condition, and mileage. You can also find hybrids and station wagons meant solely for off-road driving.
5. Luxury Coupes
If you think that luxury cars are expensive and therefore you cannot buy them, think again. Today in the second-hand market, you can score a good luxury car in used condition.
In all honesty, these used luxury coupes will be more expensive compared to sedans and SUVs. But, if you want to invest some money to drive a luxury car but don’t want to take a bigger risk than that, used cars can be a great choice.
Some of the most popular luxury cars are like Chevrolet Camaro, Mazda, Ford Mustang, Nissan 370z, etc. these are more of a budget buy in the luxury car category. The price of these cars can range from $20,000 to $25,000. Chevrolet Corvette, Porsche Cayman, Mercedes Benz SLK Class are some of the higher range sports luxury cars.
When it comes to buying second-hand cars, the options can be confusing. Have a clear idea of your budget and your objective of buying a car before making a choice.