Drivers in Arizona looking to save on a used car may want to focus on one model in particular.
A new study by NetCredit found that the Chevrolet Trax is the best-value used car in Arizona, selling for -6.55% less than the national average for the same vehicle.
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The study analyzed nearly 300,000 used car listings nationwide, comparing local prices against national averages for the top 25 most popular used car models, to identify which cars offer the biggest discounts in each state and major city.
Choosing a used car over a new model is an excellent way to reduce monthly loan payments in the short term and depreciation losses when the time comes to sell. Insurance and taxes may be lower with a used car, and you widen the selection of models to choose from as higher-end vehicles fall into your price range.
But the rising cost of new cars — due to more complex designs, supply chain issues and tariffs — has had knock-on effects for America’s used car market. Since the overall costs of motoring have also risen by 40.59% in just five years, it is worth doing research to find the best bargain available.
To find how the best used car options differ from location to location, online lender NetCredit analyzed pricing across thousands of local used car listings for the most popular models. We compared like-for-like to identify the most affordable model to buy in each state and major city, relative to the national average price.
Key Findings
- A used Ford F-150 is 12.24% cheaper than the national average in North Dakota, making it the best value model in any particular state.
- New York City’s best value used car is the Nissan Rogue, which is 17.94% cheaper than the national average for the same model.
- The best value used car model in LA is the Tesla Model 3, which is 7.68% cheaper than the national average.
