Just about every premium brand sells at least one luxury electric vehicle, and some offer several choices. But new luxury EVs are expensive, and many have prices starting around six figures. If that’s beyond your budget, consider buying a used model. You could save tens of thousands of dollars versus buying new.
This is the time of year when many parents are thinking about buying a used vehicle for their teen drivers. The vehicle may be a graduation gift or a needed set of wheels for a summer job or trip to college. These days, SUVs are a common choice because of their sales popularity. But which one to get?
A three-row crossover SUV can be a great choice for car shoppers who need extra room to shuttle plenty of people and cargo. The latest models are impressively capable and come loaded with up-to-date technology features. But they’re also expensive and potentially out of reach for many shoppers. You’re looking at spending approximately $50,000 to get a well-equipped new three-row SUV.
The average price gap between new and used vehicles is more than $20,000, according to recent Edmunds’ sales data. But many used-vehicle shoppers make costly mistakes that can be avoided with a little research and preparation. Here are five common mistakes identified by Edmunds’ experts and what you can do to avoid them.
Buying a used Tesla isn’t as straightforward as buying a used Toyota, especially if you’ve never owned one. The car experts at Edmunds outline five general tips for car shoppers who are in the market for a used Tesla.
According to a recent Edmunds used vehicle report, demand for used cars is dropping and so are their values as the new-car market rebounds from pandemic-induced shortages. This is especially true for 1- and 2-year-old vehicles. So there’s never been a more critical time to know whether it’s better to sell your car privately or trade it in. Edmunds’ experts run down what you need to know to make an informed decision.
