If you are looking for a new car, you might find that the asking price is much higher than you expected. Only How? ‘Or’ What much more? Depending on the make and model, much more!
Autotrader recently published a report which shows cars that consistently sell above their sticker prices.
Are you looking for a new car? These designs can give you sticker shock
In this “ugly” market, as financial expert Clark Howard calls it, finding an affordable vehicle can be a challenge. After listing the higher priced cars, I’ll share some of Clark’s favorite tips for saving money on a car.
“A lot of car buyers are surprised right now – if they can find the model they’re looking for at the dealership, they might have to pay more than they expected,” said Brian Moody, managing editor of Autotrader, in a Press release.
To build its list, Autotrader analyzed average transaction prices, which the automotive site said is a measure of “the selling price in a transaction versus the Manufacturer’s Suggested Retail Price (MSRP).”
In the list below, I have included the vehicles, their categories, and the percentage price increases over MSRP as reported by Autotrader on August 30, 2021.
These cars sell for more than their retail price
How to pay less for a car
Let’s say you are ready to buy a vehicle. Even with the prices rising, Clark says there are ways to save money when buying a car.
1. Compare prices between resellers
Technology has made it easier than ever to compare prices before purchasing a vehicle. Clark recommends donating an online car market Driveway a lap.
If you prefer a used vehicle, you should also shop at Carvana and CarMax.
Here are the best car buying services for you.
2. Choose the right model
You may be able to save money on a car by choosing a model that is going to be discontinued or that has been recently redesigned. In the latter case, you’ll want to stick with the older version.
Dealers will generally be keen to get rid of older models so that they can make room for newer (more expensive) versions.
3. Trade in your car
A great way to offset some of the cost of a new car is to trade in your used vehicle.
Although Clark believes the car valuation tools on Edmunds and Kelley Blue Book are struggling to keep up with the distorted used vehicle market right now, he recommends Instant Carvana Offer tool as a good starting point to see what you can get for your car.
Once you see what your vehicle is worth, you will be ready to name your price.
Here’s how Clark made nearly $ 4,000 selling his used car.
Want more money saving tips? Here’s how to buy a new car.