Price gap between new and used cars breaks record

Used Car Prices Surge to Record High as Leasing Becomes More ...

... new record for the three months ended June 30 ... A glut of off-lease vehicles and rising incentives ... "You often hear that the value of a new car drops ...

Sales tax "trick" while buying a used car; i.e. declaring sale at lower ...

Virginia uses more words: In accordance with all applicable statutes, administrative rules and regulations, I certify that the selling price of ...

New Versus Used: An Automotive Comparison | Mike Duman

New — The sticker price on a new vehicle will always be higher than its used equivalent. But, in addition to rising prices of used cars, automakers are ...

Can i get around the "As-IS" from a used car dealership? - Avvo.com

Texas lemon law does NOT cover used cars, but there are a lot of strong Texas consumer protection laws that can help you.

New Cars Vs. Used Cars | U.S. News

Both are on the rise, and the price increases are forecast to continue. Adding the cost of financing the higher vehicle price, and the greater auto insurance ...

Buying a Used Car From a Dealer | Consumer Advice

Research models, options, repair records, safety tests, and mileage. Once you have a car (or cars) in mind, ask for the out-the-door prices in writing from ...

'Correction' occurring in wholesale vehicle market & gap narrows ...

“Increased availability of new vehicles has contributed to the decline, as consumers have more options, slightly reducing demand for used ...

Is It Cheaper to Insure a New or Used Car? | St. Johnsbury, VT

New cars are more expensive and valuable, which affects the costs of insurance premiums. New vehicles from the dealership typically depreciate quickly, losing ...

Buying a New or Used Car | Office of the Attorney General

A new car may cost more but will come with a longer warranty and no history of abuse or neglect. However, new cars depreciate (lose value) almost immediately ...

Car buyers face a stubborn problem that Fed interest-rate cuts can't ...

About 14% of respondents said they'd like to spend $20,000 or less on their next vehicle - yet there were almost no new-vehicle transactions ...

Is Insurance Cheaper for Used Vehicles? - Experian

Auto insurance companies don't have distinct "new car insurance" and "used car insurance," so there's really no difference between them. You ...

Why Buying A Low Mileage Used Car Is The Worst Of Both Worlds

Why did we buy such old cars? New cars depreciate at an astronomical rate and when you buy one, you bear the burden for all of this depreciation ...

Used Electric Car Prices & Market Report — Q4 2024 - Recurrent

Used car sales have traditionally peaked with April tax refunds. For used EVs, this buying peak may begin to shift to January because of the ...

Used Vehicles Getting Ready to Turn into Inflation Headwind, after ...

Used vehicle prices – retail and wholesale – had performed a historic 50%-plus price spike between mid-2020 through mid-2022 when consumers were suddenly ...

Auto Loans: New vs. Used Car Financing Options - Debt.org

A used car will cost you more upfront and in insurance. The monthly payments can be steep, though new car drivers will be pleased when checking interest rates; ...

Retail demand continues 'shift' to used cars | Auto Remarketing

New-car prices were up 3.3% at $36,642. “The average monthly payment gap between new and used vehicles continues to increase, which will likely result in ...

How to Navigate Today's Elevated New-Car Prices

New-car prices are hovering around record highs, with the average transaction price now above $48,000, and the average loan rate well over 6 ...

4 charts that show used car prices are not returning to normal any ...

Used cars were listed at an average price of $32,113 in May, up $194 (or 0.6%) since April. Amid strong consumer demand and confidence, ...

Differences Between Financing a New vs. Used Car - Capital One

Since used cars are often considered higher-risk investments, due to their likelihood to break down, lenders may require a higher interest rate ...

Buying a Used Car - Kentucky Attorney General

A major portion of the Buyers Guide gives you new and important information you can use when you select a used car. ... Warranties are included in the price of ...