What's the reason for prices for used cars being so close to the price of new one?

Asked by bbbad Sep 01, 2013 at 04:43 PM

Question type: Shopping & Pricing

Three Parts: I've been looking for a Kia Sorento and I find 2011s/2012s/2013s with 30r 40K on them with less options and only 5/6 grand less than a new 2014. And, too boot the warranty doesn't transfer.

Second part: Do you think that there will be better deals ahead in the Nov./Dec. time frame?

Third part:Where can I find repossessed cars?

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Racer_X answered 10 years ago

Although I would strongly suggest you AVOID a Kia (The jury is still out for reliability/build quality of Korean Cars), you can get Repo Cars from some Dealers, Banks and Auctions (but this can be very risky as the car's condition may be questionable). Check out this article: http://autos.aol.com/article/how-to-buy-repo-vehicle/

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