If you are trying to save on your next car, you may be considering buying used instead of new. Used cars do usually cost less than new cars — but that does not mean you will automatically get a good deal on one.“Today’s shoppers are facing record-high prices and a dwindling supply of budget-friendly inventory,” said The Washington Post, citing a new second-quarter report from car-shopping website Edmunds. Largely due to an imbalance between supply and demand, the current average price of a three-year-old used vehicle — $32,461 — is “4% higher than a year ago and a 15.5% increase from 2021.”
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