8 Used Cars That Are a Steal Right Now (But Won’t Be by Fall)

With tariffs and rising gas prices creating economic turmoil for consumers, many buyers are now reconsidering their automotive options. They're not just looking for ways to save money on car insurance anymore. They're looking for more budget-friendly, fuel-efficient options at dealerships, which is leading to a boom in the used electric vehicle, hybrid, and sedan market.

Between tons of lease returns on electric vehicles (EVs) and hybrids hitting dealership lots and steep depreciation slashing their prices, now is a great time for consumers to snag a great deal on these used hybrids, EVs, and sedans.

Editor's note: All average prices are sourced from CarGurus.

Smart Drivers, Smarter Savings.

Compare car insurance rates in Ohio

See if lower rates are available

Currently Insured?

Yes

No

Multiple Cars?

Yes

No

Homeowner

Yes

No

Age

30-39

• 18-29
• 30-39
• 40-49
• 50-59
• 60-69
• 70-79
• 80+

Compare Quotes

By clicking the button above, I understand and agree that this site uses site visit recording technology (provided by Trusted Form, Jornaya, and Microsoft Clarity) Privacy Policy

Smart Drivers, Smarter Savings.

Great News! We’ve located some excellent quote options just for you.

Where can we send you info and recommendations?

Enter Email

Bundle Home & Auto to Save More?

Yes

No

Active Military?

No

Yes

Compare Quotes

By clicking the button above, I understand and agree that this site uses site visit recording technology (provided by Trusted Form, Jornaya, and Microsoft Clarity) Privacy Policy

Average price: $26,108

Consumers could score an especially good deal on a used Hyundai Ioniq 6 due to this stylish EV's depreciation curve. Its sharpest decline in value occurs during its first two to three years on the market.

But its depreciation slows considerably during its fourth and fifth years on the road, meaning its initial owners bear the brunt of this financial sting.

With that being said, buyers are better off pulling the trigger on a used Hyundai Ioniq 6 now instead of waiting until the fall because the longer they wait, the more this EV's 10-year battery warranty slips away. Once that coverage is gone, there's no getting it back.

Average price: $20,998

According to Kelley Blue Book, the 2022 Hyundai Ioniq 5 lost 58% of its value over the last three years. The good news is that Kelley Blue Book has also named the Hyundai Ioniq 5 the best electric vehicle of the year for the fourth year in a row.

Purchasing one now lands buyers a top-notch EV with its worst depreciation already behind it. But consumers shouldn't put off purchasing one.

As this EV ages out of its basic warranty, fixing problems with electric components, such as its DC-DC converter or ICCU, could cost owners a pretty penny.

Average price: $23,016

Right now is a great time to purchase a 2021 Tesla Model 3 because these EVs are currently in their peak used stage. Essentially, the steepest part of their depreciation curve is behind them, but they still have the benefit of their drive unit and battery warranties.

Financially, there isn't much benefit to waiting until the fall to purchase a 2021 Model 3. According to data from iSeeCars, the price of the average used Tesla has actually increased by 4.3% since the discontinuation of the $7,500 EV tax credit last September. There's a good chance buyers could pay more if they wait.

Average price: $19,333

Reviewers praised the 2023 Chevrolet Bolt EV when it debuted for being a fun, affordable daily driver. Three years later, the Bolt EV is aging well, thanks to its low running costs, available battery replacements, and practical hatchback styling.

While some 2023 Bolt EVs have lost as much as 50% of their initial value, their overall value is unlikely to drop significantly more if buyers wait several months. Even though an influx of off-lease EVs is hitting the used car market this year, experts still forecast used Bolt EV prices to stabilize during the remainder of 2026.

Average price: $23,579

According to Kelley Blue Book, the 2021 Toyota Camry Hybrid has already lost 33% of its value in the past three years alone. This means that, like many three to five-year-old used vehicles, its steepest depreciation is already behind it. That makes it a great value for buyers right now.

However, analysts note that signs point to the used car market normalizing, meaning prices are unlikely to drop significantly heading into the fall.

Average price: $24,780

The 2022 Honda Accord is holding its value well compared to other vehicles of its model year. According to Kelley Blue Book, the 2022 Accord has only depreciated by 29% over the last three years, representing a moderate decline in value compared to the 60% depreciation rate vehicles typically experience after their first five years on the road, as stated by Edmunds.

Kelley Blue Book reports that used car prices are on the rise due to owners keeping their vehicles longer than usual and automakers decreasing their production numbers over the past several years.

Cox Automotive also forecasts that used vehicle prices are going to rise into the fall.

Average price: $18,076

The 2021 Hyundai Sonata Hybrid comes with top-notch fuel efficiency and an excellent 10-year/100,000-mile powertrain warranty, making it a practical daily driver. At the same time, this hybrid sedan has only depreciated by 38% over the last three years, meaning it's holding its value well.

However, consumers are unlikely to score a better deal on this hybrid later in the year than they are now. Strong demand for practical, fuel-efficient used vehicles amidst increasing fuel prices and economic uncertainty, coupled with tight used vehicle inventory, means that 2021 Sonata Hybrid prices are unlikely to drop much this year.

Average price: $19,705

Reviewers have praised the 2021 Volkswagen ID.4 as a compact electric SUV well-suited for families, thanks to its spacious, comfortable ride and solid driving range. At this point, the typical 2021 ID.4 has already depreciated 63%, as reported by Kelley Blue Book, meaning that consumers could get a great deal on this high-quality electric SUV because its initial owners have already taken that financial hit.

With used EV sales continually increasing in the U.S., according to Reuters, EV prices are normalizing, making it unlikely that 2021 ID.4 prices are going to decrease much between now and the end of the year.

With summer and eventually fall on the horizon, you might find better automotive deals due to dealerships clearing out their inventories with seasonal sales before new models hit their lots.

However, the prices for these used EVs and sedans are offering consumers great deals right now. While you are at it, you may want to find a cheaper auto insurance policy to keep additional money in your wallet.