Used cars exchange ownership on a regular basis. Whether these are relatively new cars or older vehicles, this amounts to almost 40 million used cars being sold by private parties or dealerships every year. If you’re planning to purchase a used car or truck in the near future, you may be interested in a few details about used car sales and other related information.
Used Car Sales
According to Edmunds.com, 54% of the used cars that were available in 2015 were three or more years old. During the first quarter alone, there were 9.81 million used-vehicle sales. Edmunds 2016 Used Vehicle Market Report indicated that on average, used cars were being sold for $19,189.00. This was a 3.4% increase from the previous year.
Used Car Bank Loans
If you’re thinking about applying for a bank loan, most banking institutions won’t approve loans for cars that are older than four or five years. When you’re considering a vehicle that is less than five years old, however, it’s a good idea to visit dealerships that carry certified pre-owned vehicles. This certification usually comes with an extended manufacturer’s warranty, which is an added plus. You may also have a better chance with getting a car loan approved when you’re considering a certified pre-owned vehicle.
New and Used Trucks
You may also be considering a new or used truck. The 2017 Jeep Wrangler, for example, has 285 horsepower. Furthermore, it can get 17 miles per gallon in the city and 21 miles per gallon on the highway or freeway. If you enjoy camping with friends or engage in other outdoor activities, the Dodge Ram 1500 may be exactly what you need. In addition to having four doors, this vehicle can also comfortably seat up to five passengers.
Used Car Repairs and Maintenance
Do you have an existing vehicle that needs maintenance and a few repairs? Or perhaps you just purchased a used vehicle that needs a complete overhaul. If you’re not sure the last time your oil was changed, the average driver usually has this taken care of every 3,000 miles or so. You also want to rotate your tires on a regular basis, too, so that your vehicle runs smoothly. Whether you need maintenance or car repairs, it’s good to know that there’s a full service auto repair shop near you.