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Finding a reliable but affordable used vehicle can feel next to impossible. Where solid options for budget-focused shoppers could once be found for under $20,000, the "cheap car" market has shrunk...
Financing a used car from a private seller involves securing a loan from a bank, credit union or online lender to purchase a vehicle directly from an individual rather than a dealership. Unlike ...
Best Used Luxury SUV Under $20,000: Buick Envision. Best model years: 2016 to 2020. Reliability score: 72 out of 100. Owner satisfaction rating: 2 out of 5. Be Aware: 4 Cars That Cost More Used ...
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The paper's findings have since been applied to many other types of markets. However, Akerlof's research focused solely on the market for used cars. Akerlof's paper uses the market for used cars as an example of the problem of quality uncertainty. It concludes that owners of high-quality used cars will not place their cars on the used car market.
The Gambler 500, founded by Tate Morgan and the Oregon group began in 2014 as a challenge to see how far $500 cars could go. The first year had 14 cars, and in 2015 the number of participants increased to 28, then 31 in 2016. The Gambler 500 gained rapid popularity growth in 2017, with over 800 vehicles participating in Oregon.
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