Volvo is getting ready to introduce the 2021 XC40 Recharge P8, an electric version of its smallest SUV. The XC40 Recharge P8 will supply over 200 miles of driving range, and aside from a body-color grille insert it looks just like a standard XC40. It will offer more than 400 horsepower, instant electric motor torque, and 2,000 pounds of towing capacity.
Buying a used car is one of the smartest financial decisions you can make. You pay less for the automobile and avoid the depreciation that new-car buyers face the moment the vehicle rolls off the dealer's lot. Buying used has a number of other advantages as well. You will pay less for registration and insurance. Also, the margin for a discount may be greater when you buy a pre-owned automobile. And if you purchase the vehicle from a private party, you will likely get an even better price than you would at a dealership.
There are a number of places to purchase a used auto. Here's a quick rundown: CarMax offers no-haggle pricing and cars that are in good condition, but its prices are a bit higher than you'll find elsewhere. Private-party sellers have lower prices and can be negotiated with more easily, but the burden is on the buyer to get the car inspected. Major dealerships sell certified pre-owned cars that are in excellent condition and backed by factory warranties. This option will appeal to buyers who want to minimize the risks of buying used and are willing to pay extra for it. Independent used-car lots are another alternative but can vary wildly on price and the condition level of their cars.
Most private sellers aren't as experienced in negotiating as dealers, nor do they want to negotiate as car dealerships do. Use this to your advantage and make a fair but aggressive offer. If the seller turns it down, be persistent and counter with a slightly higher amount. Remember, it might be OK to spend a little more than you'd hoped if you found the perfect used car.
Read Edmunds reviews and best vehicle lists, such as those for best midsize sport-utility vehicles, best sport sedans and best pickups. Then narrow your choices, settling on the vehicle that fits you best, whether that's a minivan or a subcompact. Shopping online is the fastest way to get a great deal, so these steps assume that's what you are doing.