iSeeCars.com recently released a study on the best places to buy used vehicles. The car research site analyzed more than 8.5 million used vehicle sales from 48 metropolitan areas around the United States.
- Overall, car rental companies have the best deals on used vehicles compared to online and traditional dealerships.
- Car rental companies provided $747 more in savings on average compared to online dealerships and $334 vs. traditional dealerships.
- Traditional car dealerships offered more than $400 in savings compared to online dealerships.
Best Places to Buy Used Cars
Metro Area | Best Place to Buy | Average Price vs. Market Value |
---|---|---|
Albuquerque-Santa Fe, NM | Rental | -$528 |
Atlanta, GA | Rental | -$51 |
Austin, TX | Rental | -$228 |
Baltimore, MD | Rental | -$763 |
Birmingham, AL | Local | $124 |
Boston, MA-Manchester, NH | Local | $17 |
Charlotte, NC | Rental | -$516 |
Chicago, IL | Rental | -$445 |
Cincinnati, OH | Rental | -$849 |
Columbus, OH | Rental | +$7 |
Dallas-Ft. Worth, TX | Rental | -$424 |
Denver, CO | Rental | -$311 |
Detroit, MI | Rental | -$74 |
Grand Rapids-Kalamazoo, MI | Rental | -$221 |
Greensboro-Winston Salem, NC | Local | +$210 |
#tablepress-232 from cache
Car rental company Hertz filed for bankruptcy earlier this year and soon started selling off its vehicles. Here's my story on buying a used car from Hertz.
What to Do Before You Buy a Used Car
After you've decided that a used car makes financial sense for your situation, money expert Clark Howard says it's important that you look to save money on the front end.
In the market for a used car? Here are Clark's other tips on buying a used car.
More Car Resources From Clark.com:
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