Affordability Crisis Hits Used Car Buyers Hardest: As the cost of living continues to rise, many consumers are feeling the pinch of a struggling economy. While new-car buyers may find some relief in the form of automaker incentives, those shopping for pre-owned vehicles are not so lucky. With prices for used cars skyrocketing, buyers are facing a daunting challenge in finding an affordable ride. As the affordability crisis deepens, experts warn that used car prices may become even more unaffordable for those already struggling to make ends meet.
In the midst of this affordability crisis, new-car buyers can get a bit of a break on rates and monthly payments from automaker incentives. Used-car buyers, however, do not have that option.
