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- 10 cars to buy used vs. new (4 24 24)
10 cars to buy used vs. new (4 24 24)
Anthony Hazzard
April 24, 2024
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Do we finally have an advantage as buyers when purchasing a car? Find out more later on in this email.
💵 Today’s Top Stories
 | Clark loves buying used vehicles instead of new ones. Here are the 10 cars where you will get the most bang for your buck to buy used, including one model with a $65,000 price difference. Read more. |
 | If all you need is a single phone line, you have good options. Here are Team Clark’s six favorites for one person based on our research of more than 70 plans. Read more. |
 | Clark suggests a specific formula to determine how much money you need in your “rainy day” fund. Here’s how to calculate your monthly expenses and figure out your number. Read more. |
 | Clark operated and sold a travel agency earlier in his career. It has become a popular part-time job for some. Here’s his advice if you want to try it. Read more. |
💸 Today’s Top Savings Rates
Check out our updated list of Clark.com-approved high-yield savings accounts with the highest rates. Here are the top five APYs on our list as of April 24, 2024.
🚘️ This Tool Can Help You KO Your Local Car Dealership
Dealerships have a home-court advantage when you negotiate the price of a vehicle.
You can read as many car-buying articles as possible. (Shameless plug: we wrote about how to buy a new or used vehicle.) In addition to experience, your salesperson – or the dealership manager – often holds an information advantage.
It can be painful to look up the market value of a vehicle you want on multiple sites, track down a potential option and then have the negotiation fall through. But you must do your homework if you want to properly spar at a car dealership.
A Clark listener recently uncovered a tool for us that may add one more arrow to your quiver. Jerry in California claims to have used caredge.com to gain leverage in negotiations.
“The key bit of info they have vs. others like KBB or Edmunds is down to a specific VIN, they can tell you how many days a dealer has had a given car,” Jerry says.
“I found the Mercedes EV I wanted had been sitting at the dealer for over 150 days. When I told the salesperson I knew how long they had it, the discounts started flying.”
I ran a quick search for a 2017 Hyundai Santa Fe within 100 miles. And the tool listed 50 vehicles for me, sortable by distance, mileage, price – and, sure enough, days on market. Fourteen had been on the market for 100+ days.
I couldn’t find a lot of information on how valid those numbers are. But Jerry gave a strong anecdote. And it’s feasible that CarEdge is pulling that data, especially if it’s scraping vehicle listings from dealership websites.
It’s worth checking out if you’re buying a car soon, as the market has shifted. Many dealerships have vehicles sitting on their lots for too long and need to move inventory.
📊 Stat of the Day
🏃♂️ 10,100 miles: The distance that Russ Cook ran to cross Africa from south to north. He got robbed at gunpoint, attacked by men with machetes and more while raising nearly $900,000 for charity. “I woke up a little bit tired,” the modern-day Forest Gump said after finishing.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
If you’re moving to a new city, you may be anxious to purchase a home and get settled as soon as possible. However, Clark has a very important rule you should follow before you buy. Also, there’s a clothing trend that Clark really likes! Second-hand clothing sales are rising which is great news for our wallets.
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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