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November 20, 2023

How to make the most of falling used car prices

  • Although prices have declined from their record levels last year, they are coupled with the highest interest rates we've seen in many years.

    iStock photo
    It might be harder to find certified pre-owned vehicles in today’s market, but if you locate one within your budget, go for it.

    The past few years have been rough for used-vehicle buyers due to higher prices, less inventory and rising interest rates. Compared to what people normally expect to pay from buying used, it's fair to say the market has been discouraging. But there seems to be at least a dim light at the end of the tunnel according to Edmunds' latest Used Vehicle Report.

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