A used car for $30,000 is now a ‘bargain’? How to get a good one for less.
1. Three-year-old car prices average $31,216, down from $44,651 new. 2. Used cars' affordability is challenging despite better value relative to new cars. 3. Electric vehicle prices, like Kia EV6, show significant depreciation benefits. 4. Consumer hesitancy is rising due to high monthly payments above $596. 5. Record high vehicle debt complicates new car purchases for buyers.