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If you’re looking to buy a new car anytime soon, you’re in for a rude awakening … Finding a new car for sale right now in the United States is borderline impossible. Typically, manufacturers stock their dealers with a nearly 100 day supply of inventory. Right now, the industry is running at an 18 days supply. That being said, the total number of new cars in inventory ticked up 1.3% this month as compared to last.
Each month we capture new data on industry-wide new car inventory levels. We have compiled the most up-to-date information here for you. Click below to jump to a particular manufacturer. Please note that we are not able to get vehicle specific inventory data for many of the manufacturers. This is something we hope to be able to provide in the near future.
Based on days supply, here are the cars, trucks, and SUVs with the lease inventory right now:
Inventory Units (November)
Inventory Units (October)
Inventory Change
Days Supply on Nov 1
Days Supply on Oct 1
Days Supply Change
Subaru trk
4,500
6,400
-1,900
4
5
-1
Subaru car
1,500
1,700
-200
5
6
-1
Insight
700
1,100
-400
9
14
-5
Hyundai car
6,200
11,700
-5,500
9
15
-6
Kia car
8,000
13,000
-5,000
9
13
-4
CR-V
9,200
14,800
-5,600
10
21
-11
Hyundai trk
13,700
15,000
-1,300
10
11
-1
Mazda car
1,500
2,300
-800
10
13
-3
Mazda trk
6,000
10,100
-4,100
10
13
-3
XC40
800
1,500
-700
10
18
-8
Based on the total number of available units, here are the cars with the least inventory:
Inventory Units (November)
Inventory Units (October)
Inventory Change
Days Supply on Nov 1
Days Supply on Oct 1
Days Supply Change
Fusion
100
100
0
82
60
22
Clarity
100
200
-100
35
49
-14
90 series
100
100
0
42
34
8
ILX
400
100
300
46
5
41
Insight
700
1,100
-400
9
14
-5
XC40
800
1,500
-700
10
18
-8
Navigator
1,300
1,400
-100
29
29
0
Odyssey
1,300
2,400
-1,100
13
11
2
TLX
1,400
2,000
-600
27
26
1
Mazda car
1,500
2,300
-800
10
13
-3
These are the vehicles with the lowest days supply of inventory right now. Don’t expect to get a “deal” on any of these vehicles, because the dealership knows they have very little inventory.
Toyota Tundra prices are going up, up, up. Each model year automakers increase their base MSRP, however this year the percentage increase is especially impressive. Amidst the ongoing chip shortage, and quarterly earnings that show significant declines in manufacturer profits, we aren’t too surprised to see automakers drastically increase their prices year-over-year. Toyota Tundra prices are a bit surprising though. With their redesign for the 2022 model year, Toyota has drastically increased their MSRP prices for the 2022 Toyota Tundra.
Let’s breakdown the new pricing from Toyota for 2022.
2022 Toyota Tundra Prices
New for 2022, Toyota has finally redesigned the Tundra. Exciting! What’s not so exciting is the year-over-year increase in MSRP for the truck.
Trim
2021
2022
Percent Change
Tundra SR (RWD/Double Cab/6.5-ft bed)
$34,125
$37,645
10.32%
Tundra SR (4WD/CrewMax/5.5-ft bed)
$37,705
$42,695
13.23%
Tundra SR5 (RWD/Double Cab/6.5-ft bed)
$36,145
$42,450
17.44%
Tundra SR5 (4WD/CrewMax/6.5-ft bed)
$41,470
$48,810
17.70%
Tundra Limited (RWD/CrewMax/5.5-ft bed)
$44,705
$50,595
13.18%
Tundra Limited (4WD/CrewMax/6.5-ft bed)
$45,890
$53,925
17.51%
Tundra Platinum (RWD/CrewMax/5.5-ft bed)
$49,345
$58,685
18.93%
Tundra Platinum (4WD/CrewMax/6.5-ft bed)
$52,395
$62,015
18.36%
Tundra 1794 Edition (RWD/CrewMax/5.5-ft bed)
$49,345
$59,385
20.35%
Tundra 1794 Edition (4WD/CrewMax/6.5-ft bed)
$52,395
$62,715
19.70%
On average the 2022 Tundra will cost 15% more than the prior model year. This is a HUGE increase year-over-year.
If you could wave a magic wand and imagine what a “perfect storm” scenario would look like to drastically reduce automakers production capabilities, you’d probably describe something like what we’ve seen in 2021. Whether it’s supply chain constrains, virus outbreaks, or workers who are simply quitting, automakers are facing a series of setbacks that are unprecedented in scope and scale.
This “perfect storm” has had meaningful and material impacts on the everyday consumer. Everything is more expensive. Not just cars, trucks, and SUVs (did we mention that wholesale used car prices have increased 40%+ in 2021 alone?), but in other categories such as household goods, food, and more. We’re in the perfect storm, and for better or worse, that’s going to have major impacts on our pocketbooks next year, in 2022.
How big will the impact be in 2022? What changes do we expect automakers to make heading into the new year? And most importantly, when will things “go back to normal” (or will they?)? We’ll answer these questions and more. Let’s dive in.
What got us here
Automakers, like all major manufacturers, operate on just-in-time (JIT) manufacturing practices. Just-in-time manufacturing is a business operating model where finished goods are created to meet demand. That’s it. Plain and simple. Finished goods are not created in surplus or in advance of any need. The benefit of JIT production is that the manufacturer can (in theory) avoid the waste associated with overproduction, the carrying costs of holding and storing inventory, and the burden of housing input materials that are necessary to create the finished good.
Henry Ford, in his 1923 book, My Life and Work describes just-in-time manufacturing:
We have found in buying materials that it is not worthwhile to buy for other than immediate needs. We buy only enough to fit into the plan of production, taking into consideration the state of transportation at the time. If transportation were perfect and an even flow of materials could be assured, it would not be necessary to carry any stock whatsoever. The carloads of raw materials would arrive on schedule and in the planned order and amounts, and go from the railway cars into production. That would save a great deal of money, for it would give a very rapid turnover and thus decrease the amount of money tied up in materials.
For all the benefits that JIT brings, it also has some downsides; mainly, when one piece of the intricate global system that delivers input goods to manufacturing plants on-time goes down, the whole system can be effected. What does this mean? It means that if one component of a vehicle doesn’t make it just in time to a production facility, then the whole process can come to a standstill.
That’s exactly what happened towards the end of 2020 when automakers slashed their orders of many input components. With the uncertainty of what was going to happen as a result of the coronavirus pandemic, automakers did not want to hold onto excess inputs at their production facilities (remember, JIT requires you to only have what you need). What no automakers expected was for new vehicle demand to stay steady in 2021. The expectation was that consumer demand would decrease because of the pandemic, that never panned out.
For months major original equipment manufacturers (OEMs) struggled to get their hands on the materials they needed to produce vehicles. The component that became the most challenging to source was (and still is) integrated circuits (also called semiconductors, or chips). These circuits are everywhere in our cars. From turning on the air conditioning to changing your turn signal, ICs play a major role in how your vehicle operates.
We’ve documented the chip shortage at great length. Suffice it to say the auto industry’s commitment to JIT manufacturing has completely backfired. With demand for semiconductors through the roof, price gauging has become rampant. It’s a classic case of the golden rule: she who has the gold, rules. Whomever has the chips right now, they rule.
In addition to input costs rising, OEMs have been faced with other pandemic induced challenges. Manufacturing plant shutdowns because of the virus have been rampant in 2021.
Automakers have collectively lost over 3,000 production days in assembly plants so far in 2021. That data comes from Bill Rinna, LMC Automotive’s director of vehicle forecasts for the Americas.
The impacts we’ve seen so far
Used cars typically depreciate. Actually, let me rephrase that. Used cars depreciate. Never in history have we seen used vehicles appreciate in value like we are seeing so far in 2021.
Did you buy a brand new Toyota Camry three years ago and put a couple thousand miles on it? Guess what, you can sell it back to the dealer right now for likely exactly what you paid for it back then (or potentially more!). Seriously.
Because automakers have not been able to produce new vehicles at levels they expected to, used car prices have gone through the roof. New car prices have too. If a car does make it to a dealers lot, it is being sold with additional dealer markup (ADM) and all sorts of “accessories” or “add-ons” to boost dealer profit.
The days of buying a car, truck, or SUV at invoice price are long gone. And the premise of buying a used car that has depreciated a bit, because it represents a “better deal” is entirely dead. In a market where new cars sell for significantly over MSRP, and used cars sell for more than their original MSRP, us consumers are at a loss. If you’ve tried to search for a car recently and said to yourself, “WTF!!!” you are not alone.
From the thousands of CarEdge members we help each month, we’ve seen most new car deals include at least $1,500 in additional “stuff”. This “stuff” can come in the form of dealer markup (market adjustments, additional dealer markup, etc.), accessories (appearance packages, protection packages, etc.), or general add-ons (window tint, nitrogen in the tires, etc.). If you’re able to buy a new car at MSRP without this additional markup/fees, that represents an incredible value right now.
The impacts we’ll see next year
MSRP stands for “manufacturers suggested retail price”. Over the past few months we’ve seen first-hand how important the word “suggested” is. Dealers have marked up their vehicles well above MSRP, and consumers are paying. With such limited supply, dealers are able to make ridiculous amounts of profit. Every publicly traded auto dealer made record profit in Q3 of 2021 as a result of this.
Next year we don’t think dealers will be able to make quite as much money. Why? Because the OEMs are going to get in on the fun — they’re going to drastically increase the MSRP. This won’t inherently stop car dealers from marking up even further past the MSRP, however we expect and anticipate very significant increases in MSRP for all new vehicles for the next model year.
We’ve already begun to see this. Tesla recently increased the price of its model S and Y by $2,000, followed by a $5,000 hike on for the model X and S.
Other automakers are already doing the same thing. The MSRP on a base Ram 2500 has increased 5% from 2021 to 2022 for example. We expect, and wouldn’t be surprised if more automakers increase their MSRP by double-digits in 2022.
The impacts we’ll see forever
Many of the major automakers have already signaled that they like their dealers having less inventory. The United States is the only major market where car dealerships have massive lots full of inventory. In many markets the dealership is simply a showroom with customers placing orders for the vehicles they want.
As more and more manufactures aspire to provide a “Tesla” like experience, we would not be surprised to see less inventory on dealer’s lots, and more factory orders.
Factory orders will also become more of the norm. Consumers may go to a dealership to test drive and “experience” a new car, but instead of buying it right there on the spot, they’ll place an order. This is a common practice in Europe and other major markets, however in the US it has never caught on. That’s likely going to change.
Used car prices typically follow seasonal patterns. Winter, and the fourth quarter are traditionally when the used car market experiences most of its yearly depreciation. So far, in this fourth quarter of 2021 used car prices have appreciated 5%.
We all know that used car prices have been increasing this year, and the latest data from Black Book suggests we’re going to continue to see used car values appreciate through the end of this year. That being said, we are starting to see some mixed signals from other data providers. Cox Automotive recently shared data that used car inventory levels have increased in November. Although used car prices have continued to increase, we could potentially be seeing a softening in the market if inventory levels continue to rise.
In this post we’ll run through the latest data on used vehicle values. We will update this page weekly as we get new data and information to share. If you have specific questions about used car prices please ask them on the CarEdge Community Forum.
Wholesale used car prices have continued to increase. Data from Black Book shows that wholesale used vehicle prices have appreciated 48% in 2021 alone. The purple line represents 2021 wholesale weekly price changes. The blue line represents 2019 (the last “normal” year) of data we have. You can see drastic differences between the two lines.
As wholesale prices have continued their ascent, retail used car prices have followed suit. Retail used car prices are up more than 33% since the beginning of this year. Again, look at the purple (this year) and blue (2019) lines in the graph below. It’s incredible to see the stark difference between the two.
That being said, wholesale used car inventory levels have ticked up so far in November. Data from Cox Automotive showed positive signs in terms of inventory with October inventory levels up 200,000 units from September. September ended with 2.28 million used vehicles in inventory, while October ended with 2.30 million. October’s supply was still about 8% lower than 2020.
Cox also estimates the days supply of used car inventory. It is at 42 for the month of October, the same as September. Their data suggests that about 1.65 million used vehicles were sold in October 2021, up 400,000 units from the 1.61 million sold in September. October sales ran about 7% below the same year-ago period.
Both Cox and Black Book show retail used car prices hitting all-time highs. Cox has the average listing price for used vehicles at a new record of $26,971. That’s a $400 increase from September ($26,548).
One of the most interesting data points Black Book tracks is used vehicle retail listings volume. This means how many used vehicles are listed for sale in the United States each week. Data from Cox suggests inventory levels are edging higher, and Black Books data shows the same thing. We see a slight week-over-week increase in retail listing volume.
Again, the purple line represents this year, and the blue line shows 2019. Typically we would see an increase in retail listing volume at this time of year, however right now the volume is still low and not increasing. This simply means there are less used vehicles for sale than earlier in the year, and the lowest level we’ve seen so far this year.
That being said, we did see another week of wholesale price increases, our 13th straight week of appreciation. Last week cars appreciated .70%. This week that sunk down to .13%. Trucks and SUVs increased .61% last week, and increased modestly by .21% this week. The used car market as a whole was up .18%, considerably lower than last week.
This shows last weeks wholesale used car, truck, and SUV price gains.
Toyota’s new car sales volume was down 29% in October. Toyota’s biggest sellers posted double digit declines in sales volume in October: Camry down 40 percent; RAV4 down 39 percent; Tacoma sales declined 38 percent; Highlander off 19 percent and Corolla sales off a staggering 61 percent.
It wasn’t just Toyota. Honda sales volume dropped 24% in the month too.
Used car prices will continue to appreciate as long as automakers are struggling to produce enough new vehicles. These recent earnings reports highlight how much the major manufacturers are struggling to stock their dealer’s lots.
What types of cars are increasing in value the most?
Black Book supplies us with compelling data on the change in used car prices broken down by segment of vehicle. This past week compact cars appreciated in value the most. These are your Subaru Imprezas, Ford Fiestas, Nissan Versas, Mazda Mazda3s, Ford Focus, etc.
Sporty cars are finally depreciating! This time of year is seasonally when sports cars depreciate the most.
Compact vans and full-size vans continue to increase in value rapidly. Their value increased well over 1% week-over-week. Full-size vans have increased in price 42 out of the past 43 weeks.
Black Book provides “sales rate” data from the wholesale used car auctions.
Directly from Black Book:
The weekly estimated average sales rate has remained stable at the 70% mark for the 2nd week in a row. This time last year, the estimated average weekly sales rate was around 51%, so while floor prices continue to rise, buyers continue to purchase vehicles at auction at a higher rate.
Typically the holiday season signals an increase in newer used vehicles. This is because of lease returns and rental vehicles coming to the auction. This year that is not happening to previously expected levels. While there was a slight uptick in newer model year vehicles rolling across the lane this past week, a significant portion of vehicles are arriving damaged.
Franchise car dealers are grounding lease returns and not sending them to auction. Fierce competition at the auctions can be mostly attributed to large independent dealerships and rental companies. Because of inventory scarcity, we have seen bidding wars across the country. Wholesale values and floors continue to increase and give no indication of slowing down.
We’ve heard stories from our community of similar experiences at the auction, and it appears that rougher and rougher vehicles are crossing the auction block at this time.
Are any used cars depreciating?
No. From all of the data we’ve been able to get our hands on, it looks like there isn’t a single style of vehicle or particular nameplate that is not increasing in value right now. We know that certain vehicles are appreciating less than others, however all vehicles are increasing in value right now.
Luxury vehicles, and in particular luxury SUVs are appreciating much less rapidly than other vehicles. Take for example the Mercedes-Benz GLC, it has only appreciated 8% year over year. This further reinforces the theory for why the Mirage has increased in value nearly 50%; consumers need affordable and attainable used cars, not expensive and luxurious ones.
How long will used car prices keep going up?
Although our crystal ball has been notoriously cloudy here at CarEdge, we feel confident in saying that used car prices will continue to increase well into 2022. Even when automakers get production back up to speed for new vehicles, there will be lingering effects from this period of time where they have not been able to produce at expected capacity.
Also, the price to produce new vehicles has gone up. As a result of the chip shortage (and other supply chain issues), we expect MSRP on new vehicles to be considerably higher than before. Why? Because the manufacturers costs are increasing, and they will likely pass that along to the consumer. As a result, the demand for used cars will continue to be high because used cars (especially vehicles like the Mitsubishi Mirage) will be the only “attainable” price point vehicles for many people.
For these reasons, we think week over week, and month over month used car price increases will continue for at least another 12 months.
When should I sell my used car?
If used car prices are likely going to continue to appreciate, it would make sense to hold onto your used vehicle and wait to sell it. That being said, our best recommendation is to track the value of your used vehicle weekly. To do this we encourage you to use the “value my vehicle” section of your CarEdge account. You should also get quotes from Carvana, Vroom, CarMax, etc.
There may be small fluctuations in price from week to week, but we expect the price of your vehicle to gradually increase overtime. The indicator for when to sell will be when you see week over week declines in the value of your vehicle.
If You’re Buying a Used Car …
Our recommendation has been, and will continue to be to stop buying cars! We’re so passionate about this that we even made a website: http://stopbuyingcars.com/
However, if you need to buy a used car right now, here’s what you need to remember.
How to value if it’s a fair deal
The only way to know if you’re getting a fair deal is to get the out-the-door price from the seller and then compare that to the vehicle’s value. To get the out-the-door price follow this guide:
To know if the vehicle’s price is fair, we encourage you to run the VIN through the CarEdge vehicle valuation page and to also get a quote from Carvana to see what they would pay to buy the car right now. If the Carvana quote is close to what you are paying for the vehicle, then it’s likely a pretty fair deal.
Get a pre-purchase inspection
In today’s market, with “rougher” used cars for sale it is critically important that you get a pre-purchase inspection done on the vehicle you are thinking of purchasing. We have heard too many horror stories of people buying used cars “as-is” and then getting stuck with a piece of junk. Avoid that, and get a PPI!
Consider an extended warranty from CarEdge
Last but not least, consider getting an extended warranty on your used vehicle. CarEdge partnered with AUL Corporation to sell extended warranties with a flat markup, transparent pricing, and free consultations with an Auto Advocate. If we can help you protect your use car, we want to. More on that here: https://stg-caredge-staging.kinsta.cloud/extended-warranty/ and request a free quote here: https://app.CarEdgemember.com/service-contract
Here at CarEdge we’re all about having the right information at the right time to make informed and educated decision. Whether it’s understanding current market conditions, spending within the 10% rule, or having access to the dealer’s invoice price to know you’re getting a fair deal, at CarEdge, we’re 100% on your side to make an empowered decision.
A lot of people spend days and weeks trying to get the best car deal and completely overlook another major expense: service and repairs. Fortunately we’ve gotten our hands on some really compelling data that breaks down how much it will cost (in maintenance, unplanned repairs, service campaigns, diagnostics, software updates and warranty and recall fixes) for your vehicle.
These are estimates, but they come from more than 16 million vehicles across 356 models and more than $2 billion in service costs. Costs such as gasoline, collisions, insurance and local and state inspections are not included in any of the figures.
Let’s dive in!
The Cheapest Cars to Maintain 2020
Average 12-month in-service U.S. repair costs per vehicle
It should come as no surprise that Mitsubishi takes the top spot on the list of cheapest cars to maintain. A 2020 Mitsubishi Mirage costs only $51 per year to maintain. That’s insane!
Each of the vehicles on this list are expected to cost less than $100 per year in maintenance, unplanned repairs, service campaigns, diagnostics, software updates and warranty and recall fixes. That means they are VERY cheap to own.
The Most Expensive Cars to Maintain 2020
Average 12-month in-service U.S. repair costs per vehicle
2020
Porsche Taycan
$3,190.00
BMW M5
$1,362.00
Porsche 911
$1,329.00
Jaguar I-Pace
$1,286.00
Mercedes-Benz AMG GT
$1,253.00
BMW M8
$1,035.00
Audi R8
$976.00
Mercedes-Benz G-Class
$897.00
BMW8 Series
$865.00
Ram 4500
$845.00
Chevrolet Corvette
$802.00
Ram 3500
$798.00
Land Rover Defender
$787.00
Audi S5
$756.00
Mercedes-Benz GLS
$748.00
BMW M4
$727.00
Land Rover Discovery
$712.00
Porsche Cayenne
$707.00
Audi A6
$698.00
BMW X6
$675.00
BMW X7
$675.00
Audi Q8
$669.00
Porsche 718
$665.00
Mercedes-Benz GLB
$653.00
Jaguar F-Type
$651.00
Mercedes-Benz GLE
$647.00
BMW 7 Series
$646.00
Ram 5500
$628.00
Lincoln Aviator
$626.00
BMW M2
$618.00
Porsche Panamera
$611.00
Land Rover Range Rover Evoque
$596.00
Mercedes-Benz CLA
$596.00
Audi A7
$581.00
Land Rover Range Rover
$578.00
Mercedes-Benz CLS
$568.00
Mercedes-Benz S-Class
$566.00
Genesis G90
$563.00
Audi A5
$561.00
Mercedes-Benz A-Class
$549.00
BMW X4
$538.00
Land Rover Range Rover Sport
$533.00
Cadillac CT5
$526.00
BMW X5
$517.00
Audi Q7
$516.00
GMC Sierra 3500HD
$502.00
Infiniti Q60
$502.00
Ram 2500
$501.00
On the opposite end of the spectrum, these are the vehicles which have the highest annual cost to maintan. Every vehicle on this list is expected to cost more than $500 annually in maintenance, unplanned repairs, service campaigns, diagnostics, software updates and warranty and recall fixes.
These vehicles make great lease options because during the term of the lease they’ll be under the manufacturers warranty. The 2020 Porsche Taycan is expected to cost $3,190.00 per year in maintenance, unplanned repairs, service campaigns, diagnostics, software updates and warranty and recall fixes. That’s nuts!
The BMW M5 is the next closest vehicle and it’s not even in the same ballpark as the Taycan. The 2020 M5 will only cost you $1,300 and some change.
Extended Warranty Costs for the Cheapest Cars to Maintain
After looking at the data for the cheapest and most expensive cars to maintain, we thought it would be fun to see how much an extended warranty (which would cover most of these annual costs) would be.
To do this we manually received quotes from our extended warranty administrator, AUL for a 10 year, 100,000 mile extended warranty.
Vehicle
Annual Service Costs
10 yr/100k mile Warranty Cost
Mitsubishi Mirage
$51.00
$1,662
Mitsubishi Eclipse Cross
$59.00
$1,762
Mitsubishi Mirage G4
$63.00
$1,662
Chevrolet Sonic
$71.00
$1,320
Chevrolet Spark
$72.00
$1,220
Nissan NV
$74.00
$2,314
Buick Encore
$82.00
$1,492
Kia Sportage
$84.00
$1,320
Kia Elantra GT
$85.00
$1,320
Mazda CX-3
$87.00
$1,392
Kia Sorento
$88.00
$1,220
Honda Fit
$89.00
$1,220
Honda CR-V
$90.00
$1,320
Kia Sedona
$93.00
$1,220
Mitsubishi Outlander Sport
$94.00
$1,662
Hyundai Santa Fe
$95.00
$1,320
Chevrolet Trax
$96.00
$1,320
Mazda MX-5
$98.00
$1,392
Hyundai Tucson
$99.00
$1,220
Kia Optima
$99.00
$1,320
Keep in mind that each of these quotes includes CarEdge’s $500 profit margin, so the wholesale cost is actually the number you see minus $500. It’s interesting to see the variability between vehicles. The Nissan NV Van is inexpensive to own, however the extended warranty company charges significantly more than the other vehicles. Fascinating.
Extended Warranty Costs for the Most Expensive Cars to Maintain
Vehicle
Annual costs
10 yr/100k mile Warranty Cost
Porsche Taycan
$3,190.00
N/A
BMW M5
$1,362.00
$6,470
Porsche 911
$1,329.00
N/A
Jaguar I-Pace
$1,286.00
N/A
Mercedes-Benz AMG GT
$1,253.00
N/A
BMW M8
$1,035.00
N/A
Audi R8
$976.00
N/A
Mercedes-Benz G-Class
$897.00
$6,470
BMW8 Series
$865.00
N/A
Ram 4500
$845.00
N/A
Chevrolet Corvette
$802.00
$2,650
Ram 3500
$798.00
$2,108
Land Rover Defender
$787.00
N/A
Audi S5
$756.00
$6,620
Mercedes-Benz GLS
$748.00
$6,570
BMW M4
$727.00
$4,074
Land Rover Discovery
$712.00
N/A
Porsche Cayenne
$707.00
N/A
Audi A6
$698.00
$5,174
BMW X6
$675.00
$5,174
BMW X7
$675.00
$5,174
Audi Q8
$669.00
$5,174
When it comes to the most expensive vehicles to maintain we weren’t able to get extended warranty quotes for many of the options. This is because AUL simply doesn’t allow us to sell warranties on these expensive vehicles. That being said, it seems like there might be some actual bargains in this group. Again, each price reflects CarEdge’s $500 profit margin. The Corvette and Ram 3500 10 year, 100,000 mile extended warranties seem like a bargain. Even the BMW M5 does too.
These are just estimates, and to get a full quote you do need to enter a VIN and current odometer reading, but it is interesting to see how the cost to maintain a vehicle plays into the extended warranty company’s price quote.
States eligibile for below invoice pricing and 100% free delivery:
Alabama, Arkansas, Texas, Oklahoma, Florida, Georgia, Kentucky, Louisiana, Maryland, Delaware, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
What if I don’t live in these states? If you're outside these areas, don't worry! We're committed to making sure everyone can enjoy our deals. Although the delivery fee will not be waived, you can still purchase from CarEdge and either pay for shipping or coordinate pickup at a participating dealer.
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FAQ
How much does it cost?
Our concierge service costs $999 plus an optional shipping fee (based on distance or pick-up).
To get started, pay the one-time payment of $999 and a CarEdge concierge will start by negotiating the vehicles in your favorites.
Why should you let a concierge do the work?
Get the best deal
Our team of concierges and industry experts with 75+ years of combined experience with access to tools and data to leverage the best deal possible.
Convenience
Gone are the days of looking for a car and stepping into the dealership spending hours and hours of head banging only to get smooth talked into a higher price.
Expert assistance
We answer all questions you may have regarding the buying process, what the right car is, the deal itself, and more!
Who are the concierges?
Transparent when others aren't
Our commitment to transparency and honesty ensures that you make informed decisions, while our years of experience guarantee that we will be able to secure the best deal for you.
When you win, we win
We work for you, not the dealership, ensuring your interests are always our top priority.
Buying a car just got a whole lot easier.
What happens next?
We’ll coach you on how to get dealers competing to get the best price
You’ll get instant access to our car buying checklists, guides, and market insights
What’s included in my car buying toolkit?
Dealer Invoice Price
Access the Dealer’s Invoice Price to negotiate an even better car deal.
Target Discount
A recommendation of for how much you should negotiate towards.
Negotiation Guide
Know exactly what you need to say to dealers to secure the best deal.
Exclusive Data
Info about your car such as cost of ownership, sales data, and more!
