Here's Why CarMax Makes More Money On Used Cars Than Anyone Else
AdvertisementNow, what makes CarMax such a draw for used car buyers is excellent marketing that espouses a low-stress, hassle-free car buying experience. However, as I have mentioned before, the CarMax price may not always be the best one. Used car buying is very different than new car buying. Yes, the cars are ostensibly in good shape and can include generous warranties, but many buyers wonder about the several thousand-dollar premium they command over other used cars. In Colorado, CarMax is selling a 2016 Toyota Highlander XLE with 26,000 miles for a no-haggle price of $32,998.
The Best Deals In Off-Lease Used Cars
as informed in >We always advise new-vehicle shoppers to carefully consider a car or truck's long-term ownership costs – especially depreciation – to garner the best long-term deal. However, it's a slightly different story for those shopping for a reasonably priced used car. They've lost as much as 52.6% of their original values along the way, which makes them bona fide bargains among pre-driven vehicles. Of course, any used car or truck in seemingly good condition can be a lemon in disguise if it's been abused, has hidden damage or was improperly maintained. That's why it's always prudent to have a trusted mechanic carefully inspect any used car or truck under your consideration to get an impartial evaluation of its operating condition.Which Off-Lease Used Cars Are The Cheapest -- And Costliest -- To Insure
>Off-lease vehicles, typically three years old and with fewer than 36,000 miles on the odometer, are returning to dealerships in record numbers. In an earlier post, we identified which off-lease used vehicles from the 2015 model year are currently the best bargains in the used-car market, based on their accelerated rates of depreciation. To that end we consulted the auto insurance pricing database at Insure.com to determine which three-year-old off-lease models, on average, command the cheapest and costliest insurance premiums. At the other end of the spectrum, the 10 most-expensive three-year-old off-lease models are all top-shelf luxury performance cars, including four of Mercedes-Benz's costliest rides and a pair of red-hot-blooded Porsches. Sports cars are likewise among the more expensive to insure, as one might guess, given the fact that they practically beg to be driven aggressively.
The Best Cars to Buy Used
These are the best-selling used cars in 15 categories:(Photo: Ford)All-wheel drive cars: Subaru OutbackAll-wheel drive cars: Subaru OutbackThe Subaru (FUJHF) Outback is a popular choice, based on CarMax sales information collected between Nov. 1, 2017 and April 30, 2018. Photo: SubaruAll-wheel drive cars: Subaru ImprezaAll-wheel drive cars: Subaru ImprezaOther top all-wheel drive cars are the Subaru Legacy, Subaru Crosstrek and the Lincoln MKZ. Photo: FordElectric Cars: Nissan LEAFElectric Cars: Nissan LEAFA 2013 LEAF has a range of about 84 miles on a full charge. Photo: NissanElectric Cars: Chevrolet Spark EVElectric Cars: Chevrolet Spark EVA 2014 Spark has a range of about 82 miles. Photo: ChevroletSports Cars: Ford MustangSports Cars: Ford MustangPhoto: FordSports Cars: Chevrolet CamaroSports Cars: Chevrolet CamaroIf the Mustang or Camaro don't give you a thrill, look into the Chevrolet Corvette, the Volkswagen GTI or the Nissan 370z.collected by :Haily Jackson