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A used inexpensive car is now becoming more and more of a luxury. What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 cars.
That patience can pay particular dividends in 2024, with used car prices recently pushing higher again. Buyers paid an average of $25,415 per used vehicle in July 2024, Kelley Blue Book reported.
Shaw adds that the B8 Audi A4 (2008-2016) is another great model for people seeking a used German car — provided you find one with a clean service record to avoid expensive surprises.
As average transaction prices come down, monthly payments go up. ... and more complicated to address than it is right now. ... in for a new car was 5.7 years old, up from a low of 4.5 years old ...
Used car prices fell 2.3% over the prior month in July and 10.9% from the prior year, data from the BLS revealed on Wednesday. ... prices paid for used vehicles are now down 19.4%. Used car prices ...
As with almost everything else, car payments became much more expensive in the last year, and 2024 isn't looking any better. Consumer Reports explained that the car market has become increasingly...
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