Is It Smart To Buy a Used Car During the Pandemic? Here’s What Experts Say

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In April, Bloomberg reported that a used car price collapse was imminent as a result of factory shutdowns and decreased new-vehicle demand. Additionally, as rental car companies like Hertz, Avis and Enterprise were looking to sell-off their fleets after being hit by hard financial times, an influx of used cars on the market could drive prices down even further.

Did Bloomberg’s predictions come to fruition? And even if prices are low, is it safe to buy a used car in the middle of the pandemic? GOBankingRates spoke to car experts to find out.

Since May, Used Car Prices Have Been on the Rise

Bloomberg’s predictions did prove to be right — but you likely missed the boat on the best used car prices. If you snagged a used car back in April or May, you could have gotten a good deal. But prices have gone up since then, said Joe

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Coolest Cars For Sale As July Heats Up

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⚡️ Read the full article on Motorious

We check out some of the most interesting cars up for grabs right now!

The classic and collector car market is a fantastically diverse tapestry of vehicles from every breed and era. Delving into the classifieds reveals some real gems waiting to find a new home with both enthusiasts and serious collectors alike. Every week we’ll be highlighting the top cars in need of a new home that caught our eye.

2020 Shelby Super Snake Has Just 22 Miles

When you have 825-horsepower under the hood of your muscle car, there aren’t too many other vehicles on the road which can even hold a candle to that. For that reason and more the new Shelby Super Snake is an impressive and intimidating vehicle, one that many people dream of even just driving once, let alone owning. Now you might have the chance to

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25 Tips and Tricks for Buying a Car Online During the Pandemic

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The coronavirus shutdown has forced car dealers and auto manufacturers to place a much greater emphasis on selling vehicles online. The process isn’t new to the COVID-19 crisis, but the current situation has compelled virtually every major automaker to expand their online offerings to the point that you can now research, select, test drive, negotiate for and purchase virtually any new car without leaving your home. Here’s what to keep in mind when buying a car.

Last updated: July 10, 2020

Don’t Panic, Not Much Has Changed

If you’re feeling overwhelmed about the prospect of buying a car online for the first time, don’t. Much of the traditional car-buying process — shopping, researching, applying for loans, etc. — takes place online anyway, so not that much is different. The important thing is not to forget the basics.

Open Your Mind, Even If You’ve Already Made It Up

If you’re about

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1995 Ferrari F50 Poised To Become Highest-Priced Car Ever Sold Online

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⚡️ Read the full article on Motorious

It’s one of only 55 U.S.-spec F50s ever made.

In August, Gooding & Co. will kick off its new platform of online auctions, and it will be swinging for the fences as one of the cars included in this auction is a 1995 Ferrari F50. No estimates have been given as to how much Gooding & Co. is expecting the F50 to sell for, but these Ferraris have been consistently selling for upwards of $2.5 million in recent years including one that sold for $3.2 million range earlier this year. All it would take is a price higher than $2.6 million to break the record set by a 2003 Ferrari Enzo back in June for the most expensive car ever sold online.

Image Credit: Gooding & Co.

From 1995 through 1997, Ferrari built just 349 examples (total) of its F50 supercar, and

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