MIAMI (CBSMiami) – Look up Miami in the dictionary and you won’t see “affordable” anywhere in the definition. However, a new study reveals the Magic City has plenty of deals on wheels.

The Miami market is the cheapest place to buy a used car, according to a new study from CarGurus, which appeared in this News Service of Florida article.

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Don’t expect the study to reveal why Miami was so cheap for used cars, though, because the online car shopping website’s study only looked at pricing.

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A CarGurus spokeswoman said factors contributing to used car prices include population density, competition between dealerships, supply, and economic conditions.

Read more in the full article.

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