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I just bought a Jeep for my teen driver. Here's what I learned about the used car market - TL;DR CNBC

I just bought a Jeep for my teen driver. Here's what I learned about the used car market

Publishing timestamp: 2024-10-26 09:00:01


Summary

Used car prices have skyrocketed, making it difficult to negotiate due to increased transparency. Prices for both new and used cars have increased significantly in recent years, with high-tech features driving up costs. Finding a car for less than $30,000 is nearly impossible, and dealerships are less willing to negotiate. Securing a financing offer with a lower interest rate is advised to save money, but overall, consumers may end up spending more than initially planned.


Sentiment: NEUTRAL

Tickers: 7203.T-JPTM

Keywords: toyota motor corpauto loansbusiness newspersonal financeautospersonal savingbreaking news: investingauto insuranceinflationinvestment strategyinterest ratesfamily finances

Source: https://www.cnbc.com/2024/10/26/i-just-bought-a-used-car-for-my-teen-driver-heres-what-i-learned.html


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