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Used SUV For Low Price

18 Feb

Finding used SUVs for very low prices, requires some knowledge about where to look, an understanding of how to compare features and knowing what to expect for prices. The used SUV market has remained stable for many years because of the convenience and versatility of this type of automobile. A variety of manufacturers produce SUV models that range from basic and functional types to those with luxury high-end features. Used SUV styles from makers such as Ford, Toyota and Hyundai can be found at reasonable pricing that fits most family budgets. Other manufacturers, for example, Lexus, Acura, Cadillac and BMW produce SUVs that originally sold for a high price but may be available at a good rate on the used car market making them an affordable and desirable option for many consumers.

Because the used car market tends to narrow the price range for both luxury and basic models, comparing features across many manufacturers becomes a simpler task than when buying a new car. A good method to follow when doing a comparison is to evaluate the features and condition of the previously owned SUV.

Comparing Features of Used SUVs

Size Constraints: Full sized SUVs such as the Chevy Tahoe and Ford Expedition offer a truck based engine, a heavy frame and large cargo storage but have lower gas mileage ratings. Other full size models including the Chevy Traverse feature a car based engine and better gas mileage ratings. Almost every car manufacturer produces an SUV of some type either in a full size, mid-size, or compact category. Hybrid SUVs have a lucrative resale value but may be difficult to locate. The consumer should first evaluate how the vehicle will be used: for towing, hauling heavy loads, or strictly pleasure and then determine the best size for the application.

Used SUV Mileage: Typically, the lower the mileage on the pre-owned vehicle, the higher the price. Mileage criterion is one of the first indicators of the value of the used SUV. Newer models with high mileage may be less desirable than an older model SUV with low mileage figures.

Body and Tire Condition: Small dents and a few paint scratches won’t significantly affect the price structure of the vehicle but large flaws will. A consumer should always be apprehensive of autos that have been in an accident because damage to the frame or equipment may have lingering effects. SUVs with new tires will draw a better price as long as the tire quality meets or exceeds the original product.

Extra Features: The newer the SUV, the more high technology such as navigation systems, airbags and safety equipment or electronics will be included. These features should moderately raise the price of the used SUV but are not as significant as mileage figures or body condition.

Price Ranges for Used SUVs

In most cases, a new model used car generates the best value for the money. New cars depreciate quickly during the first year but continue to be reliable, often still under warranty, and do not require additional expense such as new tires or parts replacements. Because used SUVs hold their value, however, the price ranges for newer models will show lower depreciation than for a smaller coupe or sedan style vehicle.

Typical prices for a used SUV with less than 20,000 miles: In this category, an SUV such as the 2008 Subaru Forester X-Utility or the Toyota Highlander might be on the market for $15,000. A Lexus, BMW or Cadillac Esplanade could sell for as much as $30,000 to $40,000 depending on upgrades.

Average prices for an SUV with 20,000 to 60,000 miles: Cars in this category are often over four years old and may not have the latest equipment such as GPS systems, up-to-date audio systems or may be discontinued models. Depending on the manufacturer, typical price ranges could be less than $10,000 for models such as Toyota, Ford or Chevy and $15,000 – $20,000 for higher end Cadillac, Lexus and Acura SUVs.

Models older than five years: In this group of used SUVs, mileage is a key factor. Lower mileage models will prove to be a good buy but they will not have the latest electronics or other updated features. An example is the 2004 Hyundai Santa Fe Base Utility on the market for $6,200. Used luxury SUVs also realize a significant price drop such as the Acura MDX on the market for $16,000.

In some states of the U.S. such as California, an emission control system is required and smog checks must be done on a regular basis as determined by the DMV. Purchasing an out of state car that does not meet these requirements could result in added expense if the systems need to be installed. Other costs to consider for any SUV purchase include shipping charges, taxes and licensing fees.

Where to Find a Good Used SUV Deal

A good place to start when searching for a used SUV at a low price is by searching the various listings on the Internet. Photos of various SUV models, sizes, features, specifications and general price range information may help narrow the search. For someone unsure about a specific manufacturer, a search by price range will indicate what types of SUVs may be currently available. Other consumers who are interested in a known manufacturer, for example, Acura and already have an idea about what they want will find information about Acura’s MDX, RDX and SLX models. Once the ideal SUV is located, many online options such as auction sites and private listings provide an option for a low price used SUV.

Nothing compares to actually seeing the model and performing a test drive. Local options including dealerships and private parties offer the chance to view the used SUV and evaluate whether the price warrants the condition of the vehicle. By using both the Internet tools and doing a hands-on review, a consumer stands a good chance of obtaining the some good used SUVs for your money.