Best Used Cars to Buy on Black Friday 2020
Black Friday, otherwise known as the day after Thanksgiving is a huge day for sales and discounts. It’s also an incredibly popular weekend to buy a car. But while most of the ads you see will probably focus on new cars, you can also find deals on used cars, as well. According to a recent study by iSeeCars, you can expect discounts of around 5.5% or $1,221.
“Black Friday typically ushers in the time of year when dealers are most likely to offer used car deals, which aligns with the height of the new vehicle buying season. While the used car market is currently seeing lower than normal inventory and higher than normal prices, there are still deals to be had this Black Friday,” said iSeeCars.com Executive Analyst Karl Brauer in a statement. Let’s take a look at the cars you can expect to get above-average discounts on this Black Friday.
While the average Black Friday used car discount is 5.5%, the Altima is projected to come in at about 6.5%. Maybe that’s because dealers are desperate to move units, but Brauer has another theory. “Despite sedans declining in popularity compared to SUVs, the Nissan Altima is still a strong seller thanks to its sleek appearance and driving dynamics,” said Brauer.
Dodge Grand Caravan
In the case of the Dodge Grand Caravan, it’s pretty clear why dealers should be offering discounts on Black Friday. It’s no longer in production, and dealers will want to make room for more desirable stock. Because of that, you can expect a 6.6% discount on used Grand Caravans.
If you’re in the market for a used Toyota Corolla over Black Friday, look for discounts around 6.7%. “Thanks to the growth of the affordable subcompact SUV segment, there has been a lowered demand for small sedans,” said Brauer. “Additionally, these cars attract budget-conscious consumers, which helps keep their prices low.”
We probably wouldn’t think to call the Kia Soul a crossover, which is apparently what Kia considers it. But if you like the boxy shape and funky styling, it’s a great little car. It’ll also probably come with a 6.8% discount.
It’s not clear how much you can attribute the Prius’s declining sales to the increased popularity of other electric vehicles. If you still like the idea of a hybrid, though, you’ll probably love the Prius. Next weekend, look for discounts around 7.0%.
Hey! The MotorTrend Car of the Year finalist made this list, too. Well, sort of. These are used Sentras, not new ones, but with a 7.2% discount, you might not complain.
Yeah, there are a lot of compact sedans on here. Apparently, if you’re not into small crossovers, you’re a rare enough buyer that you’ll be able to get great deals. iSeeCars says 7.5% if you shop this coming weekend.
Crossovers have also taken away minivan sales, so it makes sense there’s another minivan other than the Grand Caravan. If you want a used minivan with all-wheel drive, it’s also your only option. Look for discounts of around 7.8%
While demand for cars like the Nissan Sentra has gone down, we’re also seeing less interest in even smaller cars such as the Versa. They’re just not as desirable anymore. You can probably get an 8.9% discount on Black Friday.
The Chevrolet Bolt is the last car on this list, a distinction that translates to a 10.1% discount after Thanksgiving. That’s an incredible deal, at least as long as you have a way to plug it in. You probably don’t want to buy an electric car if you can’t charge it.