Used car prices fall after several years of rises

ABC News' Rebecca Jarvis reveals what you should look for to get the best bang for your buck on a used car.
1:23 | 01/28/17

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

Comments
Related Extras
Related Videos
Video Transcript
Transcript for Used car prices fall after several years of rises
Next tonight, your money. And new numbers, the cost of used cars is dropping, and there with ways to sweeten the deal. Is now the time to buy? Rebecca Jarvis tonight, tracking your money. Reporter: Tonight, after nearly a decade on the rise, used car prices are dropping and set to fall even more in 2017. Americans turning in more than 3 million leased cars and trucks to dealerships. The most important thing to save you money when you're ready to buy? It's a great idea to buy a certified preowned car. Reporter: For example, this 2016 Chevy malibu. New, it'll cost you about $24,000, but we found the same car certified pre-owned with less than 20,000 miles on it, for $16,000. $8,000 cheaper. It's a good deal, because dealers have an excess on their lots. Reporter: With the national average for a gallon of gas now $2.29, many drivers are moving to larger crossovers, SUVs and pickup trucks. Some of the best deals on the lot, are the smaller sedans. Finally, hold your smartphone while you're negotiating. You can get the best price. That's right. Rebecca, thank you. When we come back, what Carrie fisher asked Harrison

This transcript has been automatically generated and may not be 100% accurate.

{"duration":"1:23","description":"ABC News' Rebecca Jarvis reveals what you should look for to get the best bang for your buck on a used car.","mediaType":"default","section":"ABCNews/WNT","id":"45102109","title":"Used car prices fall after several years of rises","url":"/WNT/video/car-prices-fall-years-rises-45102109"}