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Cost Considerations for Used Cars

You’re considering purchasing a new or used car, but when it comes to the cost and your budget – what should you know about? For starters, used cars are the most affordable. The average new car can range anywhere from $20,000 to $55,000 according to Kelly Blue Book. While the average used car can range anywhere from a few thousand to the average $13,000.

Beyond the sticker price, it’s smart to get ahead of expenses like maintenance, repairs, parking, gas and more. To get a handle on your budget, determine ceilings for down payment costs, monthly payments, insurance in addition to miscellaneous expenses like parking and gas. Here’s what you need to remember when budgeting for your used car.

Be flexible

Staying open minded can save you money. Considering more basic features, shopping similar models and even your choice of hue – all these can make a price difference.

Cash or financing?  

If you are able to pay cash, more power to you! You’ll save on interest and avoid recurring car payments. If you are not buying with cash, financing might be at the top of your list. You’ll want to consider your credit score. Typically, the best rates go to those with high credit ratings.

Gas prices

Gasoline prices rose overall by four cents in January, along with increased consumer demand, according to a release by AAA. The national average for regular gas per gallon is at $2.54 versus $3.01 for premium. You can use a calculator to prepare for annual gasoline costs. Depending on your daily commute this could be a significant factor to consider when purchasing a car.

Auto Insurance

Look at auto insurance options early. To save the most money shop several insurance companies. The average auto insurance rates are more than $900 per year depending on your driving record, insurance history, the type of car you drive, how far you drive and event where you live.

Review your contract

Review your contract for fees and financing figures – and make sure numbers match up and the price you agreed upon, the rate and the payment. Don’t be surprised to see state and local taxes, registration fee and documentation fees.

Carousel Pre-Owned serving Iowa City, Cedar Rapids, Davenport, North Liberty, Marion, and Coralville, IA is proud to be an automotive leader in our community. Since opening our doors, Carousel 2 has maintained a solid commitment to you, our customers. We do our best to ensure your complete satisfaction every time you step into our car dealership. This is why we offer the widest selection of used and pre-owned Cars, Trucks, and SUVs and provide true ease of purchase in Iowa.

Types of Used Cars

Date: Mar. 13 , 2018 | Category: Car Shopping

If you’re shopping for a used car, you’ll want to understand what types of used cars there are and what to look for before setting out on your search. Here’s a look at the types of used cars and what to consider.

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What to Know if You're Selling Your Car to a Dealership

Date: Mar. 6 , 2018 | Category: Car Shopping

You’re ready to sell your car. You have a few options, some easier than others. You can sell it on your own, privately. This will often get you the most money, however it requires a great deal of time and effort. You can use sites like Cars.com or AutoTrader, which also require time and effort. Or, you can sell your car to a dealership. Here’s what you need to know if you’re selling your car to a dealership.

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How Much Mileage Is Good For A Used Car

Date: Feb.22 , 2018 | Category: Car Shopping

There are many reasons why buying a used car rather than a new car is a wise choice. But there are also factors that should be taken into consideration before purchasing a used car. Good mileage is one them. But how much mileage is good for a used car? Here’s what to know before purchasing a used car.

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Buying A Car for Your Teen

Date: Feb.1 , 2018 | Category: Car Shopping

If you're buying a used car for your teenager, here are a few things to keep in mind before you go to the dealership. 

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What You Need to Know When Test-Driving A Used Car

Date: Jan. 18, 2018 | Category: Car Shopping

Buying a car can be a big decision. Making the most of a test drive is a simple matter of common sense, careful observation, and knowing what to look for. Read on for how to prepare yourself for this all-important experience and what to keep track of when taking a car out for the first time.

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Used Car Buyers Checklist

Date: Jan. 18, 2018 | Category: Car Shopping

You’ve decided to purchase a new car – fantastic! We invite you to look at our online selection of  used cars and certified pre-owned vehicles. We are confident that your dream car is here on our parking lot.  As you’re looking for your vehicle, we’ve compiled a helpful checklist for you to reference to help ensure a fantastic customer experience.  

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Advantages of Buying a Used Car

Date: Jan. 11, 2018 | Category: Car Shopping

Used cars are a great option for all kinds of drivers. They offer benefits like having more options and lower prices, making them an excellent and affordable choice. If you’re considering buying a used car, read on to find out more about how Carousel2 can help.

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The Carousel 2 Difference

Date: Dec. 29, 2017 | Category: Car Shopping

When you decide to purchase a car, truck or SUV from a Carousel 2, you’ve made a good decision. Shopping at Carousel 2 ensures that you’ll obtain a high-quality automobile that has already met our high standards. Read about a  few benefits you can experience when you shop with us in Iowa.

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10 Things to Do Before You Buy a Car

Date: Dec. 19, 2017 | Category: Car Shopping

Buying your first car can seem a little daunting. There are many makes and models to choose from with a variety of features. It can be difficult to sort through the options and find the best car for you. Consider these ten tips before you buy a car.

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6 Reasons Why You Should Buy a Used Car

Date: Nov. 13, 2017 | Category: Car Shopping

If you are looking to buy a car for yourself or a family member, consider purchasing a used car instead of a new car. Carousel 2 is a trusted used car dealer, and we believe that our high-quality used cars will fulfill your transportation needs.

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The 2015 Honda Fit EX-L in Iowa City: Delivery Efficiency and Epic Moments Every Time

Date: Feb. 13, 2017 | Category: Honda Fit

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The 2015 Chevrolet Malibu LT in Iowa City: A Solid Option for the Family

Date: Feb. 7, 2017 | Category: Chevrolet Malibu LT

The 2015 Chevrolet Malibu LT in Iowa City is a great vehicle to take out with the family, given its reliability and cargo space. It offers plenty of safety and entertainment features as well to ensure every passenger has a good time on long-distance trips...

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Cruising down different roads can be epic every time when inside the refined 2015 Dodge Journey RT, a timeless SUV designed for today’s modern world. Its interior is fit for a queen and king, and the exterior drops jaws in any setting. Take this SUV out for long-distance trips with the family or daily commutes. It is ready when you are...

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Date: Jan. 25, 2017 | Category: Dodge Journey RT

Perhaps one of the most competitive markets in the automotive industry is the SUV crossover segment. Despite this, the 2014 Mitsubishi Outlander SE soars above its SUV competitors with its commendable fuel-economy, tech-oriented features, and long-lasting parts. It is designed for the roads less traveled and busy cities, making it a versatile SUV to add to your collection...

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