Used-Car Bargains Fade as Three-Year-Old Models Hit About $33K

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Source: The New York Times
Used-Car Bargains Fade as Three-Year-Old Models Hit About $33K
Photo: The New York Times
TL;DR Summary

Affordability for used cars has tightened: a recent iSeeCars analysis puts the average price of a three-year-old used vehicle at about $33,000, up as depreciation dips and demand remains high. What used to be a sweet spot—low mileage, lease-returned cars—now costs more, pushing budget shoppers toward older, higher-mileage models that may still offer newer safety features.

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