Used Cars For Sale in Miami Beach, FL (2024)

FAQs

Why are cars in Miami so much cheaper? ›

Florida is home to many car dealerships that compete with each other to attract customers. This competition not only ensures a wide variety of choices for consumers but also drives down prices as dealerships strive to offer the best deals.

While the best state will vary based on any given driver's personal needs, there is a clear general winner if you're looking for the most affordable state to buy a car in. The grand champion is New Hampshire.

A wary buyer should use as a general rule of thumb that most cars are driven 12,000-15,000 miles per year. If a vehicle is 10 years of age, it should have between 120,000 miles and 150,000 miles on the odometer.

One reason for this is that a private seller may be more concerned with simply getting a fair price and finding someone to take the car off their hands. Dealerships, on the other hand, have overhead and profit to worry about, so dealer pricing is likely to be higher compared to a private seller.

Who is paying the most for used cars? After comparing multiple car buying websites, our team found CarMax pays top dollar for used vehicles. We received valuations from CarMax that were above the KBB trade value for each vehicle.

Indian Creek in Miami, Florida

Indian Creek is an ultra-exclusive neighborhood of luxurious mansions occupied by some of the richest people in the world. The private, gated neighborhood is also called “Billionaire Bunker.” Indian Creek is home to many celebrities, athletes, and CEOs.

Which side of Miami is the best? ›

South Beach is where the who's who of Miami calls home. This desirable neighborhood brings in big crowds to hang out on its gorgeous beaches, experience the exciting nightlife, and dine at the celebrity chef-led food scene.

The Kelley Blue Book ^® Price Advisor shows you what you should pay for a new or used car based on what others have paid in your area.

A conventional car can last for 200,000 miles. Some well-maintained car models will reach 300,000 or more miles total. The average passenger car age is currently around 12 years in the United States. Choosing a well-built make and model can help extend your car's longevity.

AutoTrader: Best for comparing options

If you're looking for a site with extensive inventory, this is it — AutoTrader has millions of listings for you to search and filter. Plus, you can choose a car financing option and submit it directly on their site.

“There is a high concentration of independent used car dealers in Florida, which ups competition and drives down prices,” said Alex Klein of AutoList.com. Klein says it's basic supply and demand as used cars costs nearly $1,000 less in Florida, than any other state in the country.

Average car insurance cost in Miami and Florida

According to NerdWallet's most recent analysis, the average rate in Florida is $3,035, while in Miami it's $4,286.

According to Doxo, the cost of living in Miami is 30.3% above the national average. The median selling price for a Miami single-family home in February 2024 was $583k, up 7.0% from February 2023. These rates are making it increasingly difficult for lower-income residents to afford to live in these areas.

What salary do you need to live in Miami? The cost of living in Miami is 15.4 percent higher than the national average. While the cost of energy is about 12 percent lower in Miami, housing, food, healthcare and transportation are significantly higher.