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.
Cons: While buying new might be the most satisfying way to buy a car, it's also the most expensive. Some cars depreciate faster than others, but no matter what you're buying, your new car is going to experience depreciation the minute you drive it off the lot. That's not to say buying a new car isn't a good value, but it's a financial hit you should keep in mind if you're shopping for a new car. Consider doing a little homework on the depreciation rate of the car you have your eye on before pulling the trigger.
There is more to modern vehicles than pickup trucks and SUVs. Some people still want to buy cars, which tend to be less expensive, more efficient, and better to drive on paved roads. Naturally, there isn’t as much activity in this space as there used to be, but we’ve got the new cars for 2021 listed here in alphabetical order. And, as time progresses, be sure to look for electric vehicles from non-traditional car companies, such as the high-end Lucid Air, which appears set to compete head-to-head with the Tesla Model S and others.
Genesis is finally fleshing out its lineup with the kinds of vehicles people want to buy: SUVs. The new 2022 Genesis GV70 is a smaller sibling to the company’s first SUV, the GV80. Details are scarce, but it’s expected to share a platform and powertrains with the company’s G70 sedan. Highlights include a rakish roofline and a new approach to interior design that blends high-technology with themes and forms of the past.
Run your credit report and get your credit score. The score tells you your credit tier, which will affect your annual percentage rate. Even if you have bad credit, you can still buy a vehicle that's right for you and your wallet. Next, get preapproved for a loan at your local bank, credit union or online lender. By going in with financing already arranged, you can determine if the dealer can beat your interest rate. This strategy also keeps the negotiations more focused since you will only be looking at the total price of the vehicle (also called the "out the door" price), not a monthly payment.