The Best Used Hybrid Vehicles to Save You Money Now and Later

Looking for a vehicle that’s good for the environment and your wallet? Hybrid vehicles offer great fuel efficiency and lower emissions. You can save even more by buying a used hybrid, getting all the benefits without the high cost of a new car.

Here are some of the best used hybrids, from sedans to SUVs and even a pickup truck. Whether you’re eco-conscious or budget-minded, there’s something here for you.

2021–2023 Honda Accord Hybrid – Midsize Sedan

The Honda Accord Hybrid combines classic Honda reliability with the latest hybrid technology. Known for its spacious and user-friendly interior, this midsize sedan offers exceptional fuel economy without sacrificing comfort or functionality. It delivers an impressive fuel economy of 44–51 mpg city/highway combined and a driving range of up to 614 miles on a full tank. The Touring trim includes advanced features such as adaptive suspension, heated rear seats, Wi-Fi capabilities, and a head-up display. In terms of safety, the Accord Hybrid earns top scores from both IIHS and NHTSA.

Buying it used is an excellent option, as it maintains its outstanding crash safety ratings and includes features that enhance daily drives, offering dependable and efficient transportation. The approximate price for a used model starts at $20,000.

2021–2023 Toyota RAV4 Hybrid – Small SUV

The Toyota RAV4 Hybrid is an excellent choice for anyone seeking a fuel-efficient SUV. With standard all-wheel drive (AWD) and better fuel economy than the gas model, it’s ideal for used hybrid buyers. It delivers 40 mpg combined and a range of up to 580 miles. The spacious interior offers plenty of room for passengers and cargo, perfect for road trips.

The XLE Premium trim stands out with features like a power moonroof, power liftgate, and faux leather seats. Buying used makes the RAV4 Hybrid even more appealing, combining comfort, capability, and efficiency. Mid-level trims like the XLE Premium offer great value, while the Limited trim adds luxury with perks like an 11-speaker JBL audio system. Used models typically range from $30,000 to $38,000.

2023 Toyota Prius – OG Eco Star

The Toyota Prius has been a hybrid icon since its debut, and the 2023 redesign improves its eco-friendly legacy with sleek looks and advanced fuel efficiency. With exceptional mileage and a practical liftback design, the Prius is ideal for those focused on fuel savings. It boasts 57 mpg combined, with all-wheel-drive versions slightly lower at 49 mpg, and a range of around 588 miles. The LE or XLE trims offer the best mix of efficiency and features. There’s also the Prius Prime plug-in hybrid, which provides up to 25 miles of electric range.

Buying a gently used 2023 Prius can save $1,000–$2,000 while still offering the latest styling and technology. Used prices range from $23,000 to $29,000. With its versatile liftback design, the Prius is perfect for carrying groceries, gear, or anything else you need.

2023 Ford Maverick – Hybrid Pickup Truck

Who said hybrids can’t haul? The 2023 Ford Maverick is a great choice for anyone seeking a compact, fuel-efficient pickup. With 37 mpg combined and a range of 511 miles, it’s perfect for lighter truck tasks. The tech-forward Lariat trim adds features like a B&O sound system, leather seats, and Ford Co-Pilot360 driver assistance.

The Maverick offers impressive utility for its size at an affordable price, with used models ranging from $26,000 to $40,000. If you’re after a hybrid with pickup versatility, the Maverick deserves a look.

2023 Kia Niro – Compact yet Efficient Crossover

If fuel economy is your priority, the Kia Niro is a great pick. This compact crossover offers excellent gas mileage, plenty of space, and a budget-friendly alternative to the Prius.

With up to 53 mpg combined and a driving range of 588 miles, it’s efficient and practical. The EX trim stands out with dual 10.25-inch screens, wireless smartphone integration, and adaptive cruise control. The plug-in hybrid version adds 26 miles of all-electric range.

The Niro combines efficiency, modern tech, and comfort at an affordable price. Used models typically range from $20,000 to $26,000. For added luxury, look for the EX Premium trim with ventilated seats and a premium audio system.

Finding Your Ideal Hybrid at CARMART

When you buy a used hybrid, you not only save up front at the dealership but also enjoy huge savings at the pump. Plus, hybrids typically have longer lifespans due to their advanced engineering, making them a more reliable used car purchase.

Whether you’re after a midsize sedan, small SUV, compact crossover, or even a hybrid truck, these models stand out for their fuel efficiency, reliability, and user-friendly features. Each one offers a unique set of benefits to fit your lifestyle and budget.

Ready to find your perfect match? Visit CARMART today and test drive one of our great newer pre-owned fuel-efficient vehicles. Take the first step toward a more eco-conscious and cost-effective future! Let us help you find the perfect used hybrid for you at a great price! Happy driving!

February 7th is National Girls & Women in Sports Day, celebrating women’s incredible contributions to sports. This year, we’re highlighting the top 10 women in racing who broke barriers, set records, and inspired future stars. From winning the Indianapolis 500 to conquering European rally circuits, these icons showcase the perseverance and drive needed to succeed on the track.

1. Michèle Mouton – The Queen of Rallying

Known as one of the greatest rally drivers of all time, Michèle Mouton terrified the competition during the 1980s Group B rally era. The first and only woman to win a World Rally Championship event, Mouton’s blistering skills behind the wheel of an Audi Quattro earned her four championship victories and a second-place finish in the 1982 Driver’s Championship. Her fearless precision and commitment to excellence shattered stereotypes and set a new standard in motorsport.

2. Janet Guthrie – A Racer of Firsts

Janet Guthrie is an icon of American motor racing, becoming the first woman to qualify for both the Indianapolis 500 and Daytona 500 in the 1970s. Armed with determination, Guthrie placed ninth at the Indy 500 in 1978, a record-breaking performance that stood for decades. Her monumental achievements paved the way for greater female participation in motorsports and highlighted the importance of skill over stigma.

3. Shirley Muldowney – The First Lady of Drag Racing

With three NHRA Top Fuel Championships under her belt, Shirley Muldowney crushed the belief that drag racing was a male-dominated field. Her legendary streak from 1977 to 1982 solidified her as one of the greatest drag racers of all time. Muldowney’s resilience and grit made her an inspiration to racers everywhere.

4. Lella Lombardi – A Formula 1 Trailblazer

Lella Lombardi carved her name into motorsport history as the only female driver to score points in the Formula 1 World Championship. Her sixth-place finish at the 1975 Spanish Grand Prix showcased her skill and perseverance, proving that women could excel even in the most competitive and high-stakes arenas.

5. Danica Patrick – The Face of Modern Motorsport

Danica Patrick is arguably the most visible and successful woman in modern American motorsport. She’s the only woman to win an IndyCar race (2008 Indy Japan 300) and claimed the pole position for the Daytona 500 in 2013. Beyond her on-track successes, Patrick has inspired countless young women to pursue their motorsport dreams.

6. Simona de Silvestro – Force in Formula E and Beyond

Swiss racer Simona de Silvestro is one of the few women to score points in Formula E and has competed fiercely in IndyCar. Adept at navigating diverse racing formats, de Silvestro consistently demonstrates that adaptability and talent are key to motorsport success, breaking barriers every time she straps into a car.

7. Denise McCluggage – A Champion on and Off the Track

Denise McCluggage wasn’t just a talented race car driver; she was also a ground-breaking journalist. Behind the wheel, she won her class at the 12 Hours of Sebring and the Monte Carlo Rally. Off the track, she co-founded Autoweek magazine and became one of the first women to cover motorsport journalism extensively.

8. Christina Nielsen – A Sports Car Champion

Christina Nielsen made history as the first woman to claim a major professional sports car championship in North America. With two consecutive GT Daytona titles in the IMSA SportsCar Championship, she’s proven time and again that success on the track comes from talent, discipline, and teamwork.

9. Jutta Kleinschmidt – Conqueror of the Dakar Rally

Jutta Kleinschmidt cemented her legacy by becoming the first woman to win the grueling Dakar Rally in 2001, one of the toughest races in the world. Competing in desert and off-road settings, her endurance and ingenuity left competitors in awe and inspired women to tackle even the most rigorous motorsport challenges.

10. Lyn St. James – A Symbol of Consistency and Excellence

Competing in the Indianapolis 500 seven times, Lyn St. James was the first woman to earn Rookie of the Year honors at the race in 1992. With victories at the 24 Hours of Daytona and 12 Hours of Sebring, St. James built a reputation for strength and consistency that younger generations continue to admire.

Honorable Mentions

While we’ve focused on these 10 incredible women, the world of motorsport is full of talented racers like Sara Christian, Desire Wilson, and Vicki Wood, who made significant contributions to the sport. Whether in open-wheel racing, rally, or endurance challenges, their collective achievements highlight the resilience and passion women have brought to racing.

Claim Your Track, Your Legacy

Racing legends like Michèle Mouton, Janet Guthrie, and Danica Patrick didn’t just compete—they shattered barriers and embodied the thrill of speed and competition. Now, it’s your turn. Visit CARMART and test drive some of our great pre-owned performance vehicles. Feel the rush of power, precision, and performance, and channel your inner racing legend as you emulate the groundbreaking women who’ve conquered tracks around the world along with the support of a professional auto service technician team deserving of a pit crew.

Are you ready to make history? Start your engines today with CARMART!

It’s tax season, and your refund could be the perfect boost for buying a used car. With practical and financial benefits, putting your refund toward a used car is a smart move. Here’s why it could be your best decision this year.

Why Consider Buying a Used Car with Your Tax Refund?

Convert Cash into an Asset

A tax refund presents the perfect opportunity to convert “extra money” into a tangible asset. While keeping money in savings might feel like the safer choice, with an average savings account interest rate hovering around 0.05%, parking it there won’t result in financial growth.

On the other hand, purchasing a used car not only gives you access to a reliable means of transportation, but it also provides flexibility. A car is an asset that you can use daily and may serve as collateral for future financial needs, allowing you to take advantage of its long-term utility.

A Solid Down Payment Without Impacting Savings

Used cars are more affordable than new ones, and your tax refund can make a significant dent in your down payment. By putting your refund toward the price of a used car, you’re reducing the balance you’ll need to finance. This translates into lower monthly payments and less interest paid over the life of your loan—all while keeping your primary savings untouched.

For example, averaging a $3,000 down payment on a used car priced at $15,000 can meet or exceed the recommended 20% down payment threshold.

Rising Used Car Market Value

Critics sometimes point out that vehicles are depreciating assets. While it’s true that cars lose value over time, the market for used cars has been uniquely competitive in recent years. Historically, depreciation impacts new cars the most within the first year or two, but current supply chain challenges and increased demand for used vehicles have driven up their value noticeably.

This positive trend in resale values means you could later sell or trade-in your car with a smaller financial hit, making the upfront investment with your tax refund even more strategic.

Save Money Compared to Buying New

The price gap between new and used cars continues to grow. According to industry reports, the average price of a new car exceeds $46,000, whereas the cost of a reliable used vehicle remains much lower—often even 50% cheaper! For financially conscious consumers looking to maximize their tax refund, going for a used car is a no-brainer.

Practical Convenience and Lifestyle Improvements

Aside from financial benefits, having a car can dramatically improve your productivity, reduce daily commuting stress, and open the doors to more opportunities. Whether it means cutting your travel time to work or supporting personal responsibilities, the value-added improvements in your life are equally meaningful.

Steps to Use Your Tax Refund Smartly for a Used Car

When buying a car, start by setting a realistic budget that accounts for more than just the sticker price. Factor in additional costs like insurance, taxes, and maintenance. For financial stability, experts suggest keeping car expenses below 15% of your annual income. Next, research vehicles that meet your needs, prioritizing factors such as fuel efficiency, reliability, and repair costs. Don’t dismiss lesser-known brands or discontinued models, which can offer significant savings—but always check vehicle history reports through services like CARFAX or AutoCheck to ensure transparency.

If you’re purchasing a used car, invest in a pre-purchase inspection by a trusted mechanic to uncover any hidden issues. If your tax refund doesn’t cover the full cost, consider financing options and use your refund as a down payment to lower upfront expenses and secure better loan terms. Most importantly, avoid impulse purchases. Stick to your budget and carefully evaluate the total cost of ownership, including gas, insurance, and long-term maintenance, to ensure your new car aligns with your financial goals.

Reality Check: Invest Wisely Like A Pro

Splurging your tax refund on unnecessary purchases might feel fun in the moment, but spending it wisely will reward you long-term. Using your refund as a down payment toward a used vehicle is more than just a purchase; it’s an investment in mobility, convenience, and financial efficiency.

While a vehicle might technically be a depreciating asset, its practicality and impact on your time and lifestyle make it worth the price.

The verdict? A used car strikes the right balance between financial prudence and a practical lifestyle upgrade.

Start The Engines This Tax Season

With used car prices trending upward, your tax refund can act as the financial boost you need to get behind the wheel of a car that supports your goals and lifestyle. From offering a flexible down payment to enhancing daily productivity, this move ensures you’re putting your hard-earned tax return to good use.

Need help navigating your options? CARMART can help you make the most out of your refund with a wide variety of used vehicles! Contact our financing department or visit today and don’t keep your next adventure (and smarter financial decision) waiting! We look forward to seeing you at our CARMART stores in Delaware.

A new year signals a chance for a fresh start, and while we’re all setting personal goals, don’t forget about your car! Whether you’re focused on maintaining its peak performance or expanding your collection, these five car-related resolutions will have you cruising into 2025 with ease. From better maintenance routines to the thrill of adding another vehicle to your garage, there’s a goal here for every driver to embrace this year.

Keep Your Car Clean

A cleaner car isn’t just more enjoyable to drive—it’s also better for its overall performance and longevity. Consistent cleaning prevents dust and dirt from Damaging interior components, while regular exterior washes help protect your car’s finish from grime, salt, and other roadside contaminants. Wash your car weekly or biweekly, focusing on removing debris that can scratch paint, and finish it off with a protective wax coat. Vacuum carpets and upholstery, clean your dashboard, and use vinyl or leather surfaces protectants. Even wipe down the inside of your windshield to remove that annoying grime buildup. Keeping your car fresh isn’t just about aesthetics—it’s car maintenance 101, and it pays off in the long run.

Learn Simple Mechanics

You don’t need a full toolbox or years of training to handle minor car maintenance tasks. Gaining a basic understanding of your vehicle can help you avoid unnecessary repair costs and be prepared for the unexpected. Know how to check your engine oil, transmission fluid, and brake fluid. Learn to change a flat tire and check your battery terminals for buildup. Familiarize yourself with your car’s owner manual—knowing where essentials like the fuse box or spare tire are can save you in a pinch. Setting time aside to learn these simple tasks empowers you as a driver and ensures you’re ready to keep your car running smoothly.

Drop Bad Driving Habits

Bad driving habits don’t just potentially lead to accidents—they also damage your car and can cost you more over time. For this New Year, commit to kicking these common bad driving habits to the curb. Don’t hog the fast lane; keep it for passing and then move over, reducing unnecessary strain on your engine. Ease up on speeding, as driving at safe speeds saves fuel and wears your engine less. Drive calm, not angry, since aggressive driving eats away at your tires and increases the risk of damage. Driving thoughtfully can prolong the life of your vehicle while also preventing costly repairs or insurance claims.

Prepare Your Emergency Kit

Ever been stuck on the side of the road wishing you had a flashlight or jumper cables? Emergencies happen, so having a well-stocked car emergency kit can be a lifesaver during those unexpected moments. A basic kit should include jumper cables or a portable battery jump starter, a flashlight with extra batteries, a first aid kit, blankets, water bottles, a tire repair kit, an air compressor, and non-perishable snacks. Whether heading out on a long road trip or just navigating harsh weather, this kit ensures you’re prepared for the unexpected.

Spring for That Second Car

Is 2025 the year you finally add that second vehicle to your household? There are plenty of great reasons to make the leap this New Year. A growing family might make your current ride feel too cramped, making it the perfect time to upgrade to a spacious SUV or minivan. If your family has multiple drivers with different schedules, a second car can ease the stress of sharing one vehicle. Or perhaps you need a sturdy truck for towing or an adventure-ready SUV for weekend getaways—now’s the time to find the perfect fit.

Start saving now by visiting CARMART for the best deals on a variety of pre-owned vehicles. Explore our compact cars, sedans, SUVs, and more—our financing department makes it easier than ever to drive away with your dream car in 2025.

Drive Into 2025 with Confidence

This New Year, focus on goals that benefit both you and your car. A little time spent on car maintenance, staying prepared, and even upgrading your garage can make a big difference in how smoothly (and safely) you drive all year long.

Which of these resolutions will you add to your list? Whatever you choose, remember that taking care of your car is taking care of yourself. Here’s to a year full of smooth rides and new adventures!

Thinking of upgrading your car? Trading in your current vehicle is an easy way to lower the cost of your next one. To get the best trade-in value, a little prep goes a long way. A clean, well-maintained car can significantly boost the offer from a dealer. Here’s a quick guide to help you maximize your trade-in value, especially during the busy end-of-year season.

Benefits of Trading in Your Car

Before preparing your car, it’s worth understanding why trading in your car at a dealer is a popular choice:

• Saves Time: Selling privately involves finding buyers, answering questions, coordinating test drives, and managing paperwork, which can be time-consuming. Trade-ins simplify the process.
• Immediate Value: You instantly apply the trade-in value toward your new purchase, often reducing your down payment.
• Tax Advantages: Many states only charge sales tax on the difference between the price of your trade-in and the new car, potentially saving you hundreds of dollars.

Now that you know the benefits, here are the steps to get your car ready for a trade-in.

Step-by-Step Guide to Preparing Your Car for a Trade-In

1. Clean Your Car Inside and Out

First impressions matter, even when it comes to vehicles. A clean car signals that the vehicle is well-cared for, which can make any buyer more inclined to offer a higher value.

• Exterior: Wash your car thoroughly and apply a fresh coat of wax. Don’t forget to clean the tires and rims. A little tire dressing can give your car an extra polished look.
• Interior: Vacuum the seats, carpets, and floor mats. Remove all personal items, and wipe down surfaces like the dashboard and console.
• Professional Detailing (optional): If you want to make a lasting impression, consider professional detailing, but ensure the cost is modest compared to the car’s trade-in value.

2. Fix Minor Issues

Fixing small issues can boost your car’s appeal. Replace broken lights, top off fluids, and consider repairing windshield chips if covered by insurance. Leave major repairs like worn tires or check engine lights to the dealer, but remember they can still impact trade-in value.

3. Conduct a Quick Inspection

No matter your intention, always do your own inspection to understand your car’s condition.

• Exterior: Walk around your car to identify dents, scratches, and scuffs. While minor dings are fine, you should be aware of how they impact value.
• Mechanical health: Take your vehicle on a short drive to ensure components like brakes, steering, and engines feel smooth.
• Interior gadgets: Check that all electronics, including the radio and air conditioning, are in working order.

Creating a list of the car’s imperfections will also help you estimate its trade-in value more accurately.

4. Gather All Essential Documents

Dealers will give you a higher value if you can demonstrate that your car has been properly maintained. Collect the following documents before visiting a dealer:

• Service Records: Proof of routine maintenance like oil changes, tire rotations, or brake replacements. Organizing these records in a folder labeled “MAINTENANCE” makes a strong impression.
• Vehicle Title and Registration to confirm ownership.
• Warranty Information (if applicable): If any part of your car is still under warranty, provide proof.

5. Include All Accessories

Make sure to bring any items that originally came with the car, as missing pieces can impact the trade-in offer. These include spare keys, additional floor mats, navigation system DVDs or SD cards (if applicable), and the car manual for the glove compartment.

6. Determine Your Car’s Value

Knowing your car’s market value is key to setting expectations and negotiating. Use tools like Kelley Blue Book or Edmunds for a trade-in estimate, factoring in imperfections like worn tires. Don’t forget to check for trade-in promotions, especially during end-of-year sales.

7. Keep Negotiations Separate

When talking to the dealer, avoid combining trade-in negotiations with the purchase price of your new car. Negotiate the trade-in value as a standalone transaction to get the best deal. Once that’s finalized, focus on the price of your new car.

What Not to Do

• Don’t Overspend on Repairs: Major repairs (e.g., replacing the transmission or suspension) are often not worth the cost. The dealer will lower the trade-in value to cover these repairs anyway.
• Don’t Wait Too Long: Cars depreciate over time. Trading in sooner can help you secure a higher value.
• Don’t Forget to Clear Personal Items: Removing personal clutter and resetting electronic data ensures a smoother and faster trade-in process.

Final Thoughts

Trading in your car can be a wise, stress-free way to secure credit toward a new vehicle, but preparation is key to maximizing its value. By cleaning the car, addressing minor issues, gathering all documents, and researching its worth, you’ll be well-equipped to negotiate the best possible deal.

When you’re ready to say goodbye to your current ride and hello to the car of your dreams, follow this step-by-step guide and visit CARMART for fast, hassle-free trading. Our trade and selling process is so easy, we’ll have you in and out with a newer, better car for the new year before you can say ho-ho-ho. Need help with getting everything in order? Our financing, service, and parts department can help you along! We look forward to seeing you at CARMART this holiday season!

As winter approaches, snow, sleet, and ice start to make roads more treacherous. These conditions can create serious hazards for drivers. To navigate challenging winter conditions, pre-winter maintenance is essential. Take proactive steps like changing tires to ensure your safety this season.

Why Winter Car Care Matters

Winter weather can create hazardous road conditions, leading to accidents. In 2022 alone, there were 498 fatal crashes caused by snow and sleet conditions, not to mention thousands of injuries. Proper pre-winter maintenance can significantly reduce these risks.

5 Winter Car Care Tips You Can’t Ignore

Swap for Winter Tires

All-season tires are not designed for icy roads, which can lead to compromised safety. Snow tires are specifically engineered to offer better grip and traction during frigid temperatures. Their unique tread patterns and rubber compounds enhance your car’s performance on snowy and icy surfaces. By making the switch to snow tires in November, you not only improve safety but also save money in the long run by potentially avoiding accidents or damage.

Check Your Battery

Cold weather can significantly drain your car battery’s performance, possibly leading to unexpected breakdowns. It is crucial to have your battery checked and, if necessary, replaced before the winter chill sets in. A strong battery ensures that your car starts with ease, even on the coldest mornings.

Inspect Tire Pressure

As temperatures drop, so does your tire pressure. Under-inflated tires can reduce traction, leading to a less stable driving experience. Proper inflation is critical for maintaining optimal traction, which contributes to a smoother and safer ride. Regularly check and adjust your tire pressure to suit the cold weather conditions.

Top Off Fluids

Winterizing your car’s fluids is essential for optimal performance. Ensure that your engine oil, coolant, and brake fluid are at appropriate levels. Additionally, switch to a wiper fluid that contains de-icer to maintain visibility. These steps help your car perform better and avoid issues during the winter months.

Prepare for Emergencies

Always be ready for unexpected situations by packing a winter driving kit. Include essentials such as an ice scraper, flashlight, warm blankets, jumper cables, and non-perishable snacks. This kit can be a lifesaver if you find yourself stranded in a winter storm, keeping you safe and comfortable until help arrives.

Get Ahead of Winter!

Don’t wait until it’s too late—start your winter car care routine now. By taking these preventative measures, you can confidently face winter’s challenges and ensure a safer driving experience for you and your loved ones.

Are you looking for a reliable service center in New Castle, Delaware? CARMART is here to help, with affordable prices and expert service technicians capable of servicing any vehicle. We can get you and your car ready and safe for winter now that it’s knocking on our doorstep! Visit CARMART for all your servicing needs today!

If you’re considering buying a car, now is an excellent time to explore the used vehicle market. Whether you’re budget-conscious or a first-time buyer looking for value, current conditions offer a prime opportunity for a savvy purchase. Here’s why the used car market is particularly favorable right now and why you should seize this moment.

Returning to Pre-Pandemic Used Vehicle Prices

The COVID-19 pandemic disrupted many industries, including the auto market, with supply chain issues—especially the semiconductor chip shortage—causing a surge in used car prices as new vehicle options dwindled. Fortunately, this trend is reversing. As supply chains stabilize and new cars become more available, used car prices are approaching pre-pandemic levels. Gary Palmasani, co-owner of Keyser Ave. Auto Sales, observes that prices are steadily decreasing, nearing the more realistic figures seen before the pandemic. With inventories increasing, buyers now have more options and better pricing.

Increased Availability and Choice

The improved supply of new vehicles means dealerships are no longer struggling with inventory shortages. This increased availability translates to a more diverse selection of used cars, offering potential buyers a wider range of options. You’re more likely to find your desired model or features without the inflated prices seen in recent years.

Economic Conditions Favoring Buyers

The mix of inflation, rising interest rates, and economic uncertainty has dampened demand for expensive new vehicles. Many consumers are cautious about making large purchases, enabling those in the used car market to negotiate better deals. Additionally, recent cuts to the Federal Reserve’s benchmark interest rate have improved loan approval rates and interest conditions, making it easier for buyers to secure favorable financing for used vehicles.

With many consumers gravitating towards newer, more sustainable vehicles like hybrids, demand for traditional gas-only models is shifting. This change may lead to lower prices for these models, offering great value to buyers prioritizing affordability over the latest technology.

The Opportunity Cost of Waiting

While current market conditions favor buyers, it’s important to act swiftly if you’re serious about purchasing a used vehicle. Experts warn that these dynamics won’t last indefinitely. Economic recovery and the rebalancing of supply and demand could eventually drive prices up again.

Take Advantage Now

Considering these factors, buying a used vehicle now presents a unique opportunity. With prices stabilizing, increased inventory selection, favorable financial conditions, and ongoing dealer incentives, it’s an ideal time for budget-conscious consumers and first-time car buyers to enter the market.

Ready to explore your options and secure a great deal on a used car? Visit CARMART to browse our inventory today. Finding the perfect vehicle at a compelling price might be easier than you think, but don’t wait too long—the best deals won’t last forever. Let our financing department and vehicle experts help you get into a great affordable pre-owned car that you’ll love today!

Leasing a car offers flexibility and lower payments, but ending a lease early due to life changes can be difficult and expensive. This guide covers common methods, with pros and cons, to help you make an informed decision.

Understanding Car Leasing

Before discussing end strategies, it’s important to know what a car lease involves. Leasing is like renting a car for a set time, usually two to five years. You cover the vehicle’s depreciation during the lease, plus interest and fees. Leasing often costs less upfront and monthly than buying, but you don’t gain ownership of the car.

4 Ways to End a Car Lease Early

Return the Car and End the Lease

Returning the car to the leasing company and paying all related fees is a straightforward option. It ends the lease obligations quickly but can be very costly due to fees and remaining payments. It might also affect your credit score if payments are missed.

Trade the Car for a New Lease

Some dealerships let you trade your leased car for a new lease. This lets you drive a new car and might reduce fees. There may still be some early termination fees, and it requires a new lease contract.

Transfer the Lease to Someone Else

Transferring your lease to another person means they take over the remaining payments. This can be cheaper if the leasing company allows it, avoiding termination fees. However, not all leases allow transfers, and you might be responsible if the new lessee defaults.

Sell the Car

You can buy out your lease and sell the car to someone else, possibly recovering some costs. If the car’s market value is higher than its residual value, you might make a profit. However, you must buy out the lease first, and selling may not cover all costs depending on market conditions.

The Cost of Early Termination and Alternatives

Ending a lease early can be pricey, as you might pay the difference between the lease balance and the car’s value, plus any fees in your contract. Check your lease agreement for details. If these options don’t work, try negotiating with your leasing company. They might offer other solutions or payment plans, and short-term lease extensions could provide temporary relief.

Making the Right Leasing Choice

Before choosing how to end your lease, assess your financial situation, the lease terms, and each option’s impact. Some strategies may have higher upfront costs but save money and stress over time. By understanding these methods, you’re better prepared to choose a strategy that fits your needs.

Are you ready to set up your lease transfer or sale today to reduce future financial burdens? Visit CARMART for help making the right choice when it comes to ending your lease. Our financing department will be delighted to help you exit your current lease and get into a vehicle you’ll love. Our team looks forward to seeing you soon!

When it’s time to sell your vehicle, trading it in at a dealership isn’t the only option. Whether upgrading or reducing expenses, selling your car privately can often get you a better price. Here’s a guide to help you through the process and maximize your sale.

Steps for a Successful Private Sale

Selling your car privately involves a few important steps to make sure everything goes well and you get a good deal.

Step 1: Determine Your Car’s Market Value

Before listing your car for sale, it’s crucial to know its market value. You can use resources like Kelley Blue Book (KBB), Edmunds, or NADA Guides to get an accurate estimate to make sure you sell within fair market prices. These tools will ask for information such as the car’s make, model, year, mileage, and condition.

Step 2: Gather Necessary Documents

Having all your paperwork in order will streamline the selling process and make you appear more credible to potential buyers. Collect maintenance records, the car title, and consider purchasing a vehicle history report from services like Carfax.

Step 3: Clean and Inspect Your Car

A clean car makes a great first impression. Thoroughly wash and vacuum the interior and exterior. Consider getting a professional detailing service. Additionally, it’s a good idea to have a mechanic inspect the car and address any minor issues to avoid giving buyers reasons to negotiate a lower price.

Step 4: Take High-Quality Photos

Photos are often the first thing potential buyers will see. Take multiple high-resolution photos of your car from different angles, including the interior, exterior, and any notable features or flaws. Good lighting is key—natural daylight works best.

Step 5: Create a Detailed Listing That Sells

Your listing should be comprehensive and honest. Include all relevant details such as make, model, year, mileage, condition, and any recent repairs or upgrades. Don’t forget to mention why you’re selling the car.

Step 6: Screen Potential Buyers

Once your listing is live, you’ll start receiving inquiries. Screen buyers to weed out “tire kickers” and scammers. Serious buyers will typically ask detailed questions and be willing to meet in person.

Step 7: Arrange Test Drives and Inspections

Allow serious buyers to test drive the car, but always meet in public places for safety. It’s also reasonable to request a copy of the buyer’s driver’s license and proof of insurance before they take the wheel. Some buyers may want a mechanic to inspect the car, which is a good sign they’re serious.

Step 8: Complete the Sale

When you’ve found a buyer, meet at a secure location such as a bank to finalize your sale. Cash is ideal for transactions under $10,000. For larger amounts, a bank transfer or certified check is safer. Always verify checks before handing over the keys when you sell.

Step 9: Handle Paperwork

Provide the buyer with a bill of sale and sign over the car title. Notify the Department of Motor Vehicles (DMV) of the sale and follow any local requirements for transferring ownership.

Selling Through Dealers

If the private sale route seems daunting, online car-buying platforms offer a convenient alternative. You can get an instant offer by providing your vehicle’s details, and these companies often handle all the paperwork and arrange pickup. Pros include the convenience of completing the process from home, quick payment—often within days, and not having to deal with buyers or advertising. However, a con is typically lower offers than a private sale, as these companies need to resell your car for a profit.

Another option is selling through brick-and-mortar dealerships and used car dealers. These traditional avenues offer a straightforward process where you can often trade in your vehicle when purchasing a new one. Dealerships handle all the necessary paperwork, providing you with a seamless experience. While this method can offer competitive trade-in values, especially if you’re buying another vehicle from them, the overall offer might still be less than a private sale. However, the convenience and reliability of working with established dealers make this a popular choice for many sellers.

Choose Convenience When Selling, Choose CARMART

Selling your car privately can be the most profitable option but requires time and effort. Alternatively, dealers and online dealers offer convenience at a lower price. Whichever route you choose, being prepared and informed will help you get the best deal for your vehicle.

Ready to take the next step? Visit CARMART and let us help you sell your car without the need to trade it! Our car sales experts can help you with financing and getting the offer you deserve.

Selling a car with an outstanding loan payoff might seem complicated, but it’s manageable with the right approach. Whether you’re looking to upgrade, reduce expenses, or simply make a change, this guide will walk you through the steps to sell your car smoothly even if you still have a loan payoff balance.

Understanding Loan Payoff Basics

When you have a car loan, the lender owns part of your car until you pay it off. This means you need to settle or transfer the loan before the new owner can take the car. While this adds some steps, it shouldn’t stop you from selling.

What to Consider Before Selling

Before you sell, think about:

• Loan Balance vs. Car Value: Check how much you owe on the loan compared to what your car is worth.
• Financial Goals: Make sure selling fits your financial plans, especially if you owe more than the car is worth.
• Lender’s Policies: Ask your lender what their rules are for selling the car, including any fees.

How to Sell a Car with a Loan

Step 1: Find Out Your Car’s Value

First, check how much your car is worth using trusted sites like Kelley Blue Book or Edmunds. This will help you set a fair price and see if you have positive or negative equity. Selling your car privately usually gets you a better price than trading it in at a dealership, so compare both options.

Step 2: Get the Loan Payoff Amount

Contact your lender to find out how much you owe. This is called the payoff amount and might be different from your remaining loan balance due to interest. Ask if there are any penalties for paying off the loan early.

Step 3: Know Your Car’s Equity

To figure out your car’s equity, there are two things to know: Positive Equity and Negative Equity. Positive Equity means your car is worth more than what you owe, so you’ll get money from the sale after paying off the loan. Negative Equity means you owe more than the car is worth, so you’ll need to pay the difference.

Step 4: Talk to Your Lender About your Loan Payoff

Before you sell, talk to your lender. They may have specific instructions or deals with car dealers to help with the sale. They also hold the car title, so you’ll need their help to transfer it to the new owner.

What to Do If You Have Negative Equity

If you owe more than your car is worth, you have a few options. Refinancing your loan could lower your monthly payments and help you build equity faster. A personal loan might help cover the gap if you decide to sell but be careful of high interest rates. Lastly, you could use savings to pay the difference and avoid more debt.

Make Selling Your Car Easy

Selling a car with an outstanding loan involves some extra steps, but with planning and research, it’s manageable. At CARMART we can help you navigate through the finances of the car-selling process today. Whether you have an outstanding loan payoff, need to sell your car, or want to trade up, visit us today, and let’s explore your options to ensure you get the best deal!

Ready to sell your car? Explore your options and start planning today!