Purchasing a new or used car over the past few years has largely been an expensive endeavor as supply dwindled and demand remained steady, but things are slowly heading back to normal levels. However, this isn’t the case with every model on the market – some still represent far better values than others, and in that regard, Lincoln vehicles, specifically, have been depreciating quicker than most other brands as of late. This certainly isn’t a bad thing for savvy shoppers, of course, and in that regard, and the Lincoln Nautilus recently ranked as one of the top lightly-used vehicle choices for those with somewhere between $40,000-$50,000 to spend by iSeeCars. Now, a new study from that same agency has found that Lincoln Corsair buyers in Detroit, Michigan, specifically, could save a lot of money by going used, too.
Currently, used Lincoln Corsair models are selling for $49,195 on average in Detroit – which is $15,785 or 32.1 percent lower than the average new Corsair in that same market. This is notable because according to iSeeCars, the average lightly used vehicle costs $5,778 – or 12.8 percent – less than its new-car equivalent, making the Lincoln Corsair an attractive target in that regard.
To come up with this data, iSeeCars looked at 1.6 million new and used vehicle listings between January and March 2024, with its definition of “lightly used” referring to 2022-2023 model year vehicles with odometer readings within 20 percent of 13,476 miles – the average number U.S. drivers cover in a year.
“Car buyers seeking the best value often shop used models instead of new,” said Karl Brauer, iSeeCars executive analyst. “While a used car almost always costs less than it did new, some models lose more than 25 percent of their value after just one year, giving buyers a near-new ownership experience at a substantial savings.”
We’ll have more on the Corsair soon, so be sure and subscribe to Ford Authority for more Lincoln news, Lincoln Corsair news, and continuous Ford news coverage.
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