Used-car prices have been painfully high since the pandemic, but cracks are finally starting to show. Data from iSeeCars reveals that while prices for three-year-old vehicles remain up more than 40%, electric vehicles are dropping fast, with Tesla leading the decline at over 8%.
And EVs aren’t the only bargains quietly hitting the market. If you want to make the right money moves, read on to discover 10 used cars that are a steal right now.
Editor’s note: Car prices and figures are sourced from iSeeCars.
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1. Land Rover Range Rover Velar
black 2020 range rover
august.columbo/Adobe
Average price: $38,940 (Down 7.4%)
If you’ve ever wanted to cruise down the highway behind the wheel of a Land Rover, now might just be the perfect opportunity. While the 2026 model starts at over $60,000, used models from the last five years are a steal. Consumers can expect to pay at least $3,000 less for one of these used models today.
Depreciation has not been kind to this Land Rover. While the typical luxury midsize SUV depreciates at a rate of 50.2%, the Range Rover Velar’s depreciation rate is slightly above average at 55.9%. However, what you save in monthly payments, be ready to put back into the gas tank. This SUV is not the most efficient in its class, averaging just 21 to 23 miles per gallon combined.
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2. Chevrolet Corvette – Convertible
chevrolet corvette
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Average price: $84,609 (Down 8%)
Now is your chance to swipe up an iconic sports car at a steal of a price that’s capable of providing that coveted top-down experience. With prices down by 8%, consumers can expect to pay over $7,000 less for a used Corvette convertible compared to last year.
Along with securing a solid 7.3 out of 10 iSeeCars reliability rating, the Corvette made a clean sweep in multiple categories. Out of 40 competitors, the Corvette secured the top spot in two iSeeCars categories: Luxury Sports Cars With the Most Horsepower and Most Reliable Luxury Sports Cars.
3. Lincoln Aviator
lincoln aviator
Zoran Karapancev/Adobe
Average price: $42,495 (Down 8.5%)
Despite prices being down by 8.5% and consumers paying nearly $4,000 less for a used Lincoln Aviator, this luxury SUV actually shows a respectable depreciation rate for its class. The typical depreciation rate for all luxury large SUVs sits around 54.3%. In comparison, the Aviator fares slightly better with a depreciation rate of around 51.9%.
Along with a lower price tag for a large-size luxury SUV, the Aviator proves itself a pretty dependable ride: It earned a solid 7.7 out of 10 iSeeCars reliability rating. In terms of longevity, the Aviator’s average lifespan is 111,489 miles with a 6.3% chance of reaching at least 200,000 miles during its lifetime.
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4. BMW 5 Series – Hybrid
car on the street bmw 5 series
Denis Sh/Adobe
Average price: $34,048 (Down 8.5%)
If you’ve been thinking about trying out a hybrid model, you might just want to think about swooping in and picking up a BMW 5 Series. Prices for a used 5 Series are down by about 8.5%. Buyers can also expect to pay over $3,000 less on average.
It’s also ready to provide some instant comfort to its new owners. The 5 Series earned second-place nods in two different iSeeCars categories: Best Hybrid Luxury Midsize Cars for Tall People and Most Comfortable Hybrid Luxury Midsize Cars.
5. Maserati Levante
maserati levante gransport
Mike Mareen/Adobe
Average price: $44,433 (Down 9.5%)
When it comes to standout deals on our list today, the Maserati Levante shapes up to be a pretty good one. For a vehicle with a six-figure starting MSRP, being able to pick up a used model for under $50,000 is something you don’t just pass up.
Consumers are now spending nearly $5,000 less to get behind the wheel of this powerful performance luxury SUV. Along with some serious price cuts, the Levante has picked up some pretty solid accolades over the years. One of the most significant was being named eighth out of 68 competitors in the iSeeCars category of Luxury Crossover SUVs With the Most Horsepower.
6. Mercedes-Benz GLB
mercedes-benz glb 2020
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Average price: $32,403 (Down 9.9%)
With prices down by nearly 10%, consumers can expect to pay a little over $3,500 less on average for a Mercedes-Benz GLB today than they would have had to last year.
The Mercedes-Benz, with the ability to seat seven total passengers, remains a standout contender in its class. It was named fourth out of 28 rivals in the iSeeCars category of Most Comfortable Luxury Small SUVs. It also took second-place honors in the category of Most Affordable Luxury SUV With 3 Rows.
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7. Jeep Gladiator
jeep gladiator rubicon truck
Dolores Harvey/Adobe
Average price: $34,253 (Down 10.7%)
The iconic Jeep brand, now in the form of a boxy pickup truck, is down nearly 11%. Buyers are also paying a little over $4,100 less for a used model than they did the year before.
Its price tag isn’t the only thing the Jeep Gladiator has going for it right now, either. This midsize pickup has earned quite a few accolades, too. The Gladiator swept its class in three different iSeeCars categories: Best Midsize Trucks for Tall People, Best Off-Road Midsize Trucks, and Midsize Trucks With the Most Legroom.
8. Ford Explorer Hybrid
ford explorer st-line
Santi Rodríguez/Adobe
Average price: $31,811 (Down 11.3%)
If you’ve been thinking about stepping into the hybrid game, now is your chance to do so behind the wheel of the iconic Ford Explorer. Prices are down over 11%, and consumers are paying over $4,000 less for the same vehicle they did a year ago.
In addition to being available at a great price today, the Ford Explorer Hybrid model offers solid fuel economy and impressive towing capabilities. The Explorer Hybrid model also took multiple second-place victories among its competitors. Some of the SUV’s most notable second-place victories came in the iSeeCars categories of Hybrid SUVs With the Most Cargo Space and Most Comfortable Hybrid SUVs With 3 Rows.
9. Porsche Taycan
porsche taycan turbo s
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Average price: $75,644 (Down 12.7%)
An iconic luxury brand, Porsche is now on sale in the form of the all-electric Taycan. While you’ll still need some deep pockets to experience that signature Porsche handling, the Taycan is now more accessible than its original six-figure MSRP once made it.
Plus, the Taycan’s price is down by over 12%, with buyers paying nearly $11,000 less. That’s a solid deal for a vehicle of this caliber, and that’s before factoring in its performance credentials. The Taycan also earned second-place honors in two iSeeCars categories: Electric Cars With the Most Horsepower and Luxury Electric Cars With the Most Horsepower.
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10. Tesla Model S
tesla model s 85
Mike Mareen/Adobe
Average price: $46,503 (Down 16%)
With all-electric cars seeing a significant drop in value, it comes as little surprise that the most significant price drop among all vehicles comes in the form of the Tesla Model S. The Model S saw a 16% price drop, with buyers having to pay a little over $8,800 less.
Its price tag isn’t the only thing the Model S has going for it, either. This all-electric sedan has garnered numerous accolades, making it an ideal choice for buyers. Some of its most notable iSeeCars class sweeps came in the categories of Most Reliable Electric Cars, Electric Cars With the Most Horsepower, and Best Electric Cars Under $80K. Plus, not having to buy gas is a great way to keep more cash in your wallet.
Bottom line
The used car market has slowly but surely shifted into buyers’ favor over the last couple of years. Now, while the average one-to five-year-old car is actually up 2% or about $630 from a year ago, as this list highlights, there are still numerous deals waiting to be found.
With fewer used cars on the market than ever before, due to restricted production from 2020 to 2022, finding a good deal is more important now than ever before. So, go ahead, use this list as a starting point and do your homework to make the smartest car owner moves you can.
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