With the news of Ford discontinuing most sedan models by 2022, it begs the questions of why aren't sedans selling and what kind of deals could be offered because of it?
For many 2018 models, manufacturers such as Chevrolet and Toyota have rolled out incentive deals to lower the overall cost of their sedans. The reason: these new models have been sitting on dealer lots for over 90 days. The average number of days new vehicles usually sit on a lot before selling is 61 days. Dealers want to make room for newer cars, and the best way to do that is to lower the price point on existing models.
Cheap Used Sedans
With that in mind, it's a great time to shop for a sedan. Although the average manufacturer suggested retail price (MSRP) of many 2018 sedan models is low, it can still be unaffordable for bad credit car buyers looking to spend less than $20,000.
These buyers may be better off looking at used sedan models. Based on the 2014 model year from Kelley Blue Book and J.D. Power’s dependability scoring model, these four popular used sedans offer the reliability you need at a reasonable price point:
- Ford Fusion S – $11,793 average selling price, 3 out of 5 dependability rating
- Hyundai Sonata GLS – $12,545 average selling price, 4 out of 5 dependability rating
- Toyota Camry LE – $12,905 average selling price, 5 out of 5 dependability rating
- Honda Accord LX (pictured) – $13,693 average selling price, 3 out of 5 dependability rating
The lesson here is you don’t need to spend a ton of money to get a good deal on an older sedan. These models were made to last, and with the decline in sedan sales expected to continue, you could find yourself a great deal sooner than you might think.
Get a Great Deal Today, Starting With Us
Sedans are becoming less popular, but they’re still an affordable option if you need a vehicle – and now’s the time to snatch a great deal! If you’ve been thinking about purchasing a sedan and you’re ready to get the car buying process started, let Auto Credit Express help.
Bad credit doesn't have to hold you back when you use our service. We work with a nationwide network of special finance dealerships that have subprime lending available to help get you into your next vehicle. We want to guide you toward a local dealer that can work for you. Just fill out our online auto loan request form to get started today.