Inflation is starting to subside, but used vehicles still saw a 4.4% increase in price in May, according to the U.S. Bureau of Labor Statistics.
Why are used car prices rising and bucking the trend? Primarily because of a low supply of available used vehicles.
But before you get discouraged, we have a message of hope: You can still find some good deals on used car lots.
Kelley Blue Book (KBB) recently named the following 10 vehicles as the best used car deals you can find. Buying one of these cars can eliminate money stress during these trying inflationary times.
The Audi A4 is a great entry-level luxury option if you want a good used higher-end model. KBB says the 2018 to 2023 models are good deals today.
Audi dealers are offering 5.99% annual percentage rate (APR) financing until July 5. But as with all such offers on this list, check with your dealer to make sure it's offering the special rate.
The Lexus ES has a roomy interior, luxury, and superior build. KBB says the 2018 to 2022 models are good deals.
Check out your local Lexus dealer to see if you can get a 5.49% APR through July 5.
BMW 3 Series
The BMW 3 Series is a sporty, compact sedan with the latest tech and safety features. KBB names the 2018 to 2021 models as good deals.
BMW dealerships are offering 4.49% APR on financing certified pre-owned vehicles through July 4.
Want a luxury SUV? Check out Lincoln’s MKC and Corsair models as compact luxury SUV options. KBB says the 2018 to 2023 models are good deals.
Lincoln dealers are offering 4.99% APR financing through July 5.
Right now, you can get into an affordable Mercedes-Benz C-Class with 2.99% APR financing through June 30.
The compact luxury models have plenty of high-end perks, such as driver-assist technology and additional safety features. KBB says the 2019 to 2021 models are good deals today.
Several General Motors models feature 3.9% APR financing until June 30.
One option to consider is the Buick Envision, a desirable compact SUV with plenty of safety features. The 2018 to 2023 models are good deals, according to KBB.
The Camry is one of the best-selling cars in the U.S., which may be why it’s easier to find on used-car lots than other cars.
KBB says the 2018 to 2023 models are especially good deals now. You can get 5.49% APR financing from your Toyota dealer through July 5.
Pro tip: One way to cut the cost of owning a vehicle is to shop around and try to save on insurance.
KBB says the 2018 to 2023 Sonata is a good deal now. It includes plenty of technology for an affordable price if you’re looking for a great used sedan.
Grab 3.99% APR financing from your Hyundai dealer through June 30.
The Honda CR-V is a safe and reliable compact SUV, and KBB likes the deals on 2018 to 2023 models.
You can get 3.99% APR financing until July 5 at Honda dealerships for this versatile family car or daily commuter.
The Blazer is a great midsize SUV with plenty of safety features and a roomy interior. The 2018 to 2023 models are the good deals today, KBB says.
Pick up a Blazer from a certified pre-owned dealer and get 3.9% APR financing if you buy by June 30.
There are affordable options if you’re trying to find a car in this tight used car market. So, comparison shop and find the right deal for you.
Also, check with your local bank or financial institution to see if you can get a better rate on a loan than what the dealer offers. Getting the best rate is another way to keep more money in your wallet.