Ever since the start of the recession in 2008, prices on used cars held up, there were very few deals available. Over the last few years things have gotten progressively better and now, actually for the first time since 2008, used car prices are falling. It is anticipated that the average price of a used Mazda in New Lennox will come down about five percent this year. It is not hard to understand why this is happening; people are turning back to buying new cars and there are simply more used cars available than there are used car buyers.
Plenty of lease returns:
In 2013 there were over three million cars leased, these vehicles are now being returned to the used car supply chain. As well as all these high value, low mileage off-lease cars, more and more new cars are being sold, this has decreased the demand. There is a very good chance that the price of a used Mazda in New Lenox will continue to slide; it appears as if the supply will outpace the demand for the foreseeable future.
Smaller cars are bargains:
Because the price of gasoline was high in 2013, many of the leased cars were smaller models. These small, highly fuel efficient cars are coming in off lease. Now that gasoline prices have dropped and appear to stay that way for a while at least, the demand is now for larger cars. By buying a small used car now you will enjoy the economy and be ready in the event gasoline prices sky rocket again.
Certified used cars:
Buying a certified used car takes all the risk out of buying a used car. A certified pre-owned car has been subjected to an in-depth inspection, all parts that are worn are replaced and the vehicle is sold with a warranty.
This is an ideal time to buy a used Mazda in New Lenox. The selection has never been better and the prices are great.
