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According to a recent Edmunds used vehicle report, demand for used cars is dropping and so are their values as the new-car market rebounds from pandemic-induced shortages. This is especially true ...
“If your car is debt-free, the optimal time to sell your car is usually before its factory warranties expire, which for most new car warranties is at 36,000 miles or three years, and for ...
Edmunds cites factors like low lease volume in general, which means fewer off-lease cars coming to market, low trade-in volume compared to 5 years ago, and fewer off-rental vehicles being turned ...
Not only has the number of upside-down trade-ins grown since 2022, but so has the amount owed on those loans. If, for example, you are $5,000 upside down on your current vehicle and decide to trade in this car and buy a new one, you will have to pay the price of the new car plus the $5,000 you owe on the current car.
Used car and truck prices fell 3.3% for the 12 months through December, based on the most recent consumer price index released by the U.S. Bureau of Labor Statistics. New vehicle prices fell 0.4% ...
The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties. [27] In 2020, Edmunds launched a partnership with CarMax that allows a driver to receive a no-obligation cash offer for their vehicle which can be redeemed at any CarMax location. [28]
A car's price isn't the only element of a good car deal. You also should look at the interest rate, the loan term, and the value of your trade-in if that's part of your deal.
When you lease a car vs. buy a new car, you can often afford to get into a nicer and newer car with a smaller monthly budget. Manufacturer's Warranty Many CPO cars come with a manufacturer's warranty.
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