New cars are being neglected, but check books everywhere are rejoicing: more and more cars are being traded in at dealerships, and better yet, used car prices are continuing to fall. This means that it is quickly becoming even more affordable to trade in your old vehicle for an updated used model.
USA Today reports that last month, the average used car retailed at franchised auto dealerships for $10,883. For a recent model that is only five or so years old, a price that low is a steal! “Lower used-car prices are a delayed response to the new-car market’s revival from the recession” the article notes. Considering used vehicle’s pricing went sky high during the economic downturn due to individuals holding onto their older cars, this is exciting news for buyers. Getting a semi-new car has never been so reasonable or within reach for those of us with smaller budgets.
By choosing to purchase a pre-owned automobile, you will be saving thousands of dollars while still getting a great car that fits you best. Come test drive one of our many models at Pfeiffer Plainfield Used Cars today – we’ll have the keys ready!