New study: Flying to buy a used car can save up to $2,000

If you’re on the lookout for a nice deal on a used car, chances are you’ll suppose that your seek starts and ends with a native, non-public vendor. But flying to buy a car might in reality be your easiest guess!

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Since used car costs can range considerably relying on the place you are living, it’s imaginable to save cash via reserving a one-way aircraft price ticket to any other town, purchasing a car there and using it again house.

How a lot cash are we speaking about? In some instances, the adaptation is greater than $2,000!

According to information from CarGurus.com, somebody residing in Albany, New York, may save $2,065 on a 2015 Ford Mustang via flying to Miami to acquire it.

Here are any other “Fly to Buy” offers for the 2015 Ford Mustang:

  • Birmingham, AL to Houston, TX – estimated financial savings of $1,375
  • Grand Rapids, MI to Tampa, FL – estimated financial savings of $1,363
  • Fresno, CA to San Diego, CA – estimated financial savings of $1,297
  • Des Moines, ID to Dallas, TX – estimated financial savings of $1,038
  • Portland, OR to Boise, ID – estimated financial savings of $1,135
  • Memphis, TN to Orlando, FL – estimated financial savings of $1,135
  • Nashville, TN to Las Vegas, NV – estimated financial savings of $1,113

These figures issue within the reasonable price of each a aircraft price ticket and the fuel you could possibly want for the street go back and forth house, however resort bills aren’t integrated.

Keep in thoughts, that power from Miami to Albany would take greater than 20 hours, in accordance to Google Maps.

“Shopping local makes sense for most car shoppers, but the adventurous deal-seeker could find a used car far outside their home region and still see big savings—with the added bonus of a fun summer road trip.” stated Lisa Rosenberg, Data Analyst at CarGurus. “Even for less ambitious shoppers, this research highlights just how much variability can exist on used car prices in different markets. Expanding your search area even moderately can sometimes unearth opportunities to save.”

Clark’s takeaway for used car consumers

Bottom line: When you’re researching used car choices on-line, imagine increasing your seek house to save cash. And don’t overlook the issues each used car purchaser will have to do:

  1. Check the car historical past file. Run the VIN even though CarFax.com to to find out if it’s a flood car or if it’s been in a terrible coincidence.
  2. Have the used car inspected via an impartial mechanic. One of the important thing issues to find out about purchasing a used car is that you just buy “as is.” CarFax on my own isn’t sufficient of a test; you want to take this extra step.

Finally, organize auto financing upfront! Look at credit score unions, on-line banks and even conventional banks. Only take broker financing if it beats some other give you have.

Common Cents: Buying a Car

New learn about: Flying to buy a used car can save up to $2,000

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