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While the prices of new cars continue to soar, used cars are actually becoming more affordable. Over the past year, used cars have become 5.8% more affordable on average as prices fell and median...
Most of that recovery was driven by lower rates, the stabilization of the used-car market, and its growth in average monthly unique website visitors, which more than doubled from 8.5 million at ...
On top of that, high interest rates have made loans so expensive that the share of buyers with monthly car payments over $1,000 climbed to a record-high 17.5% in the third quarter of 2023 ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
A reduction in used-car prices is likely one of the incentives bringing them back. The average used car in the first quarter of this year sold for $27,113, which is a 4.5% drop from the same time ...
Don't have money -- like $50,000 or $100,000 -- to blow on a sports car? That doesn't mean you can't get behind the wheel of a fun, unique, even exotic sports car. You just have to be willing to ...
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