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Prices of used cars actually hit a record high last month, with no indications that prices will fall anytime soon. In order to take advantage of the climb in values, most car dealerships are trying to lure buyers with trade-in deals.
There are a lot of people (still making payments) who don’t know they have equity in their cars.
Strong used cars prices are being fueled by a recovering economy and the new car shortage caused by Japan’s recent earthquakes. Used cars buyers are also skewing towards fuel efficient models as gas prices climb past $4 around most of the country.
Used car prices have increased 20 percent since January and will likely continue to rise for most of the year.
There are a lot of people (still making payments) who don’t know they have equity in their cars.
Strong used cars prices are being fueled by a recovering economy and the new car shortage caused by Japan’s recent earthquakes. Used cars buyers are also skewing towards fuel efficient models as gas prices climb past $4 around most of the country.
Used car prices have increased 20 percent since January and will likely continue to rise for most of the year.
