Tough time to buy a used car
For teens looking to buy a used car, the last few months have been challenging. New cars are selling way over list price and used car prices have jumped to the biggest year increase in decades. More people are looking to buy used cars, too. If you have a car to trade in, it might also be worth more. Here are some tips if you’re looking for a used car. Supply chain issues with semiconductors has slowed the production of new cars and rental car companies pared down their buys last year during the pandemic and didn’t have as many to resell. This tight car market is expected to stay with us for the rest of 2021 at least.
Check with family members and friends to see if they have a used car for sale or might be thinking of upgrading their own car.
Look for a safe car and a smaller car like a sedan if possible.
Research on current pricing and deals.
Be flexible on the model and year that you want.
Have the car inspected before you buy.
Check the cost of insurance for the model you are considering.