One of the biggest jokes in the car industry is HOW inaccurate the 'supposed' published used car value prices and what you should pay prices from outlets like Kelly Blue Book and Edmunds.
We recently did a test where we picked a mainstream car (Hyundai Sonata) and checked the Edmunds 'What You Should Pay' price versus just opening up the newspaper and looking through the classifieds.
What we found was the Edmunds price was $5,000 MORE than the published ad in the Sunday paper.
On an $18k SONATA! LOLOL!
Or we can't tell you how many emails we get from people telling us they took the KBB used car price and went to a dealer and it was off by $5k and NOT in their favor!
So it's refreshing to see something accurate and well thought out from these 'IN THE TANK' outlets
Check this out and kudos to the writer...THESE are the things that HELP customers! MORE PLEASE!!!!
10 Fuel-Efficient Vehicles That May Make More Sense to Buy New vs. Used
In today’s tough economic environment, many consumers are looking to used vehicles to minimize their expenses. Fuel-efficient vehicles are at the top of many consumer shopping lists since fuel prices are at $3.80 per gallon nationally, an all-time high for this time of year. Those considering a slightly used one-year-old fuel-efficient vehicle may be surprised to learn that in many cases, a new car may be an option for a mere $20 more per month. Kelley Blue Book has identified 10 2011 model-year used fuel-efficient vehicles that have a current retail value near their original manufacturer’s suggested retail price (MSRP). We then compared them to their 2012 model-year new-vehicle counterpart. After crunching the numbers, Kelley Blue Book found that upgrading to a brand-new vehicle could be relatively inexpensive due to attractive financing opportunities and improved fuel-economy ratings.
Leading the list is the redesigned 2012 Subaru Impreza, which is $25 per month cheaper than a comparable used 2011 Impreza. This mostly is due to the 8-mpg improvement in fuel economy from the previous generation model. The Hyundai Elantra is another vehicle that topped our list, coming in at a mere $7 monthly premium from a used 2011 model. According to Kelley Blue Book data, a used 2011 Elantra can be owned for a mere $546 less than a brand new 2012 model, likely due to high demand and limited supply of the latest generation Elantra. The 2011 redesign has been well received and currently is holding its value extraordinarily well in the marketplace. Buyers looking for a little more room can purchase a new Chevrolet Equinox for only $1,226 more than its one-year-old counterpart. The $1,226 premium for a new Equinox only amounts to $9 more per month after factoring in the available 2.9 percent APR. Consumers looking to save a bit more certainly can consider an older used vehicle, but in the cases highlighted below, buying new may make more sense than buying used.
Source: Kelly Blue Book
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