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There are plenty of good reasons to purchase a used car, truck, or SUV instead of buying a new vehicle.Chief among them is being able to avoid the dreaded D-word—depreciation—but you can also ...
As of 2024, there were just 11.4 million used cars 6 years old or newer available to buy at dealerships — a drop in 4.1 million from the 15.5 million used cars available in 2022.
June is the worst month to buy a used car, with 30.4% fewer deals than average. May (-27.8%) and July (-22.5%) are also tough months for bargain hunters. And bad news for fathers hoping for some ...
Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Edmunds was founded by Ludwig Arons in 1966 as Edmunds Publications, a publisher of printed booklets consolidating automotive specifications to help car shoppers make buying decisions. [3] In 1988, the company was purchased by Peter Steinlauf whose family has owned a majority stake since.
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