These 10 Used Cars Are Cheaper When Purchased Online
Many online retailers offer inspections, warranties, and free-return periods too.
Friends, it’s 2019 and there’s pretty much nothing you can’t buy over the internet. That most definitely includes cars, and while spending tens of thousands of dollars on something without actually seeing it isn’t for everyone, online auto sales are definitely a thing. Not only that, a new study from iSeeCars.com shows that some vehicles can be bought cheaper when the transaction is done via computer.
Of course, there’s a lot more to a selling price than just the venue. Vehicle condition, location, mileage, and all kinds of other factors influence the final figure. But on average, there are indeed some interesting trends when it comes to buying online. The study analyzed over 9.4 million used cars sold in 2018, including sales from online-only dealerships. There wasn’t much of a difference, but for the 10 vehicles included in this slideshow, going online could save considerable time and money.
And it’s not like the vehicles featured here are sales duds. This mix of pickup trucks, sedans, and SUVs include some top-ten sellers. Vehicle age or condition isn’t mentioned for this survey, but many online stores offer vehicle inspections, respectable warranties, and free-return periods should customers have concerns.
Hit the slideshow above to see which rides score the best online discounts. The iSeeCars source link below offers additional background on the study.
10. Jeep Cherokee: 4.4 Percent
The list starts at a mild 4.4 percent savings on the Jeep Cherokee, which could still equate to hundreds of dollars off the price for an example from 2015 or newer.
9. Lincoln MKC: 4.8 Percent
Now known as the Lincoln Corsair, the MKC is 4.8 percent cheaper on average when purchased online.
8. Mercedes-Benz E-Class: 4.8 Percent
The Mercedes-Benz E-Class depreciates rather quickly, but saving 4.8 percent on an example just a few years old can still equal over $1,000 when all is said and done.
7. Honda CR-V: 4.9 Percent
A long-time top-10 seller in North America, the CR-V can be bought online 4.9 percent cheaper on average.
6. Chevrolet Equinox: 5.2 Percent
The Chevrolet Equinox is another best-selling SUV that is cheaper to score online. A 5.2 percent difference could mean upwards of $1,000 less than your local brick and mortar dealership.
5. BMW 4 Series: 5.4 Percent
Scoring a snazzy BMW 4 Series online could save you approximately $1,100, based on an average selling price of $20,000.
4. Ram 1500: 5.5 Percent
The first pickup truck on this list is from Ram, which currently outsells the Chevrolet Silverado for the number two spot behind the Ford F-150 in new truck sales. If you buy a used Ram 1500 online, however, you could see an average discount of 5.5 percent.
3. Toyota RAV4: 5.7 Percent
At 5.7 percent, buying a late-model Toyota RAV4 online could translate to a cool $1,000 savings versus the local dealer.
2. Ford Edge: 6.4 Percent
The SUV with the largest online-versus-local discount is the Ford Edge, checking in with a savings of approximately 6.4 percent.
1. Chevrolet Silverado 1500: 6.6 Percent
The second-best selling vehicle in the U.S. also offers the biggest online sales discount at 6.6 percent. The study further points out that, on a used Chevrolet Silverado 1500 costing $30,000, this would equal almost $2,000 in savings.