Car sales surge, so which are worth the money? – CNBC
Bartlett, however, warned that consumers should not buy just because of the sales surge. “There are certainly great deals being advertised right now, but it’s always important to step back and think, ‘Is that the right deal for me?’ ”
Buyers should first assess whether they plan to own the car for the long haul, or if their circumstances might change in the near future, Bartlett said. That makes the difference between leasing and buying.
Bartlett also recommended not buying a brand new car. He said the value of a new car drops 46 percent over three years, the typical time of a lease. To enjoy the full value of a car, he said to buy a “nearly” new car, around roughly 2-3 years old, which will still have the most up-to-date safety and tech features.
Consumer Reports has analyzed more than 200 vehicles on road-test scores, predicted reliability, and five-year owner-cost estimates. Among them, the Toyota Prius, Subaru Forester and Nissan Frontier ranked among the best.