BOSTON (TheStreet) -- How'd you like to buy a Mercedes-Benz CL-Class at a $60,000 discount or save $21,000 on a Volvo S80?
Here's a look at five models you can buy for nearly half price if you're willing to purchase 2- or 3-year-old versions instead of new ones.
"If you're the type of person who just views a car as a commodity, you can buy a used vehicle and find some really great deals out there," says Eric Lyman of market tracker TrueCar.com.
While today's used-car market has such unusually high prices that you might as well buy some models new rather than used, TrueCar recently found that some 2010s and '11s sell for nearly 50% off of what comparable 2013s cost. That's way better than the 30% discount that's typical industrywide for 2- to 3-year-old cars.Lyman says most of the models on the list are luxury vehicles whose upscale buyers typically want new automobiles instead of used ones. "These are cars that are popular with people who consider image and having the finer things in life to be important," he says. "So you usually see a lot more demand for new versions of these cars rather than used ones." The expert adds that automakers have recently shipped or plan to soon premiere completely redesigned versions of many vehicles on the rundown, so the used versions' values are dropping fast. In other cases, models are way overdue for redesigns and have lost favor with used-vehicle buyers. "Most of these cars are [cheap because of] 'life-cycle' issues," Lyman says. Click below to check out the five vehicles TrueCar found offer today's biggest discounts in percentage terms if you buy them two to three years old instead of new. All savings estimates refer to price differences between the average new car and that of comparable 2- and 3-year-old editions sold between Jan. 1 and May 17 at some 14,000 U.S. dealers that TrueCar tracks.
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