8 Slow Selling Used Cars To Get At a Low Price Before 2025
The last thing car dealers want is for vehicles to sit on the lot for a long time, taking up space and costing them money. To deal with the problem and free up room for new inventory, dealers will often slash prices on slow-selling vehicles – meaning you can score some great car deals if you hunt for the right bargains.
Explore More: These 10 Used Cars Will Last Longer Than an Average New Vehicle
Find Out: 7 Reasons You Must Speak To a Financial Advisor Before Spending $10,000 or More
If you’re in the market for a used car, a little research can go a long way toward helping you save money. One of the key metrics to look for is how long a particular car model sits on the lot. The longer it sits there, the more incentive dealers have to slash its price.
According to a 2023 blog from Justin Fischer of CarEdge, smart car shoppers will “benefit significantly” from waiting for a car to sit on the lot for at least 30 to 90 days. This waiting period will lead to better deals and greatly improve your chances of negotiating. In some cases, you could save thousands of dollars.
“It’s not about being lucky – it’s about being patient and strategic,” Fischer wrote.
That patience can pay particular dividends in 2024, with used car prices recently pushing higher again. Buyers paid an average of $25,415 per used vehicle in July 2024, Kelley Blue Book reported. That was up $164 from the previous month, though it was still down by about $1,600 from a year earlier.
The latest increase is “likely the first of several,” according to KBB, nothing that dealers have lately been paying higher prices at auction for used cars. You can expect those higher costs to be passed on to shoppers through higher prices in the coming months.
Meanwhile, the nationwide used car supply will likely “remain thin” for years, KBB reported. Because of COVID-era disruptions to the supply chain, automakers built about 8 million fewer cars than they otherwise would have in 2021 and 2022.
“That’s 8 million cars that will never reach the used market, keeping supplies low for a long time,” KBB noted.
The current price environment means consumers must be even more persistent than usual in scouting the best deals – which often means finding slow-selling cars due to big price cuts. Scoring a good deal doesn’t necessarily mean sacrificing quality for price. You can often find decent used cars that have not clicked with consumers for one reason or another.
Here are eight slow-selling used cars you can find for a fairly low price before 2025, according to recent reports from Carscoops and Forbes.
Nissan LEAF
Average days on market: 52.0
Average price: $17,508
Read More: 4 Affordable Car Brands You Won’t Regret Buying in 2024
Read Next: 9 Best and Affordable Cars for High Mileage Adventures
Hyundai Kona Electric
Average days on market: 50.9
Average price: $23,070
For You: 7 Best Cars for Retirees on a Budget
Chrysler Voyager
Average days on market: 61.2
Average price: $23,393
Chrysler 300
Average days on market: 64.7
Average price: $25,021
Ford Escape PHEV
Average days on market: 63.2
Average price: $28,731
Try This: 8 Best Luxury Cars for Wealthy Retirees
Buick Envision
Average days on market: 82
Average price: $29,057
Land Rover Discovery Sport
Average days on market: 74
Average price: $30,206
Cadillac XT4
Average days on market: 72
Average price: $31,650
Photo Disclaimer: Please note photos are for representational purposes only.
More From GOBankingRates
This article originally appeared on GOBankingRates.com: 8 Slow Selling Used Cars To Get At a Low Price Before 2025