Where to Find the Best and Cheapest Used Cars: A Comprehensive Guide for Buyers in the US
Introduction
Buying a used car, especially one that is just 1-2 years old, can be a daunting task. Where to start? Scouring private party sales, attending auctions, or even driving around a rough part of town? The best and cheapest options are often mutually exclusive, but there are strategies that can help you get a great deal.
Unconventional Places to Find a Used Car
Back-alley Deals
First up, let’s discuss the silicon alley deals. These are the kind of deals you’ll find in the darkest corners of town. Imagine a man, let’s call him 'Mr. Dicey,' who needs a quick buck. He’s got a car from a family member, but he can't take the time to get it running for you, and you certainly can't drive it. The keys and title are all you need. This isn't for the faint of heart, but it can be incredibly rewarding to know you got your hands on that 'cool shit' that even your mother doesn't think is cool.
Deserted Finds
Second, there are the deserted finds. Forget the fancy 'barn find' label; these are the true abandoned cars. Picture a car parked in a field, trees growing through it, or sitting beside a run-down garage in a small town. It isn’t for sale; it’s just abandoned. You came to take a piss, and now you need that car. If you’ve got a small block that isn't seized, you might be able to make it work. This isn’t for the faint of heart, but it can be a story to tell for years to come.
False Myths and Reality
Myths surrounding 'best' and 'cheapest' are often misleading. The idea that the best and cheapest are mutually exclusive is a reality. Nothing is more expensive than a cheap used car, and as a seasoned advisor in the industry, I can attest to this. The best option is usually a private party sale, but these can be challenging to find. If you can, consider certified used cars or lease turn-ins in good condition.
Current Market Conditions
Right now, 1-2 year old cars are severely overpriced due to supply chain issues and pandemic-induced production disruptions. Remember, the cars that didn’t get built in 2020 are now the 1-2 year old used cars you’re seeing on the market. Additionally, many manufacturers are struggling to meet demand for new cars, which further drives up the demand for 1-2 year old used cars.
Recommendations for Budget-Conscious Buyers
If your budget only allows for a used vehicle, consider 2018 or 2019 model year cars. These are still relatively new but were produced before the pandemic-induced supply chain issues. Alternatively, you can opt for a new car. New cars often come with subsidized financing from manufacturers, and current bank financing rates above 6% can make this a compelling option. This way, you can save 1500-2000 dollars, effectively cancelling out any savings you might get from a 1-2 year old used car.
Whether you’re looking for a cheap, 1-2 year old car or a new one, there’s no one-size-fits-all solution. It’s about finding the right fit for your needs and budget. The key is to be patient, do your research, and stay informed about market trends. Happy hunting!