Used SUV prices are dropping since dealers are finding themselves with too many unsold SUVs sitting on their lots. Here are the best deals seniors can find right now.

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Due to market demand shifts and excess SUV inventory from years when they sold more briskly, many dealers are left with excess inventory. If you’ve always wanted an SUV but found it unaffordable, consider acting quickly now to score your dream vehicle at an affordable price. Let’s take a look at what you need to know about used SUVs and luxury crossovers, why their prices have dropped and how you can land yourself a good deal.

Differences between SUVs and luxury SUVs

Luxury SUVs are high end vehicles with premium features. Their style and space give you a luxury feeling and a more comfortable driving experience. Luxury SUVs tend to be more spacious, which means they are more accommodating of cargo and have more leg room. Luxury SUVs often feature interiors made from high end materials like genuine leather and wood trims. They also have premium sound features and enhanced safety features such as adaptive cruise control which you won’t find on the average SUV.

Many luxury SUVs also feature powerful engines that outperform what you would find on a basic SUV. This is the result of features such as eight cylinder engines, finely tuned suspension and enhanced transmission. A combination of comfort, versatility, refinement and performance is what a luxury SUV will provide you.

What makes SUVs so affordable right now?

SUVs have become more affordable because developments in the auto market have placed considerable downward pressure on used SUV prices, thus leading to a price drop.

One factor contributing to this price drop is the growth in number of off-lease SUVs that are now available. These tend to be low-mileage, well cared for vehicles that look and feel just like a brand new SUV. Off-lease SUVs are usually between 6 months to 3 years old.

Every used SUV dealer seems to be competing for new buyers with low financing rates and some form of warranty. Every month that goes by seems to offer better and better discounts.

Finding the best SUV deals     

Do not drool over the first low price you see. There could be even lower prices if you come prepared to haggle at your local dealership. The more information you have before you walk into a dealership the better. We recommend having a few different models of SUV in mind that way you can choose whichever one has the best deals available.

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Smaller used SUVs offer all the amenities of larger SUVs without the large size and gas consumption. Larger SUVs from the 2019 model year can be had certified pre-owned at even more affordable prices. Here are some other models with very attractive pricing that come with many luxurious amenities.

Do your own research

Seniors will find a wide range of offers from various dealers online, so it is important to do your homework. We also recommend being on the lookout for when local dealerships offer inventory clearance sales. Making a purchase during such sales can save you hundreds, if not thousands of dollars.

Now is the time to take advantage of available deals. Start your research today by reading online reviews for SUV models that are of interest to you. Once you know the three to four models that interest you, search to see exactly what incentives are available for them. The final step is to take all of this information to local dealerships and be prepared to haggle for an even better price. Remember that if one dealership won’t give you the discount you are hoping for you can always visit another dealership in your city and see if they will.