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<\/p>\nShopping for a used vehicle comes with some risks, including paying too much for a popular model. However, buyers willing to search beyond their local market could save real money. While it’s easy to assume car prices are about the same everywhere, a recent study by iSeeCars indicates people can save upwards of $6,100 on a typical used car by shopping in a less expensive market.\u00a0<\/p>\n
After analyzing over 6.5 million one to five-year-old used car transactions from January to August of this year, iSeeCars discovered a wide range of price differences. Across the 50 largest cities in the US, it determined the most expensive place to buy a used car is Palm Beach, Florida, while the cheapest is Cleveland, Ohio. With used car prices up almost 50 percent since 2019, that means a road trip might be an excellent way to save a chunk of change.\u00a0<\/p>\n
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In addition to West Palm Beach, buyers in Denver, Colorado, Austin, Texas, and Seattle, Washington, paid between $1,000 and $3,400 more than average for a used car. Other high-priced car markets include Salt Lake City, Utah, the Dallas-Ft. Worth metropolitan area, Charlotte, North Carolina, Los Angeles, and Boston.\u00a0<\/p>\n
Meanwhile, buyers in the least expensive cities, which include Cleveland, Cincinnati, and Columbus, Ohio, Norfolk, Virginia, Fresno, California, and Orlando, Florida, saved between $1,700 and $2,700 on average. Interestingly, the least and most expensive markets are scattered throughout the US. That means the distance between an expensive market area and a cheap one could be just a few hours away.\u00a0<\/p>\n
Take the Ram 1500, for example. The popular truck has an average price of $47,159 in Denver but is $7,795 less in Cleveland, selling for about $39,364. Even after factoring in the cost of a plane ticket and a 1,400-mile trip home, a buyer could save thousands of dollars for a few days of effort. In addition to trucks, buyers looking for vehicles like the Hyundai Tucson and\u00a0Toyota Corolla\u00a0can save about $2,100 between the cheapest and most expensive markets.\u00a0<\/p>\n