GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Inflation has since subsided, but it hasnt fallen evenly in the auto sector.
It had been closer to $15,000 until recently.
However, even that estimate might be conservative.
Just dont expect the cost of owning a used car to be any better than you remember.
According toEdmunds, repairs, insurance and maintenance have all become more expensive.
The sub-$10,000 range is the markets most competitive price band.
More than 50% ofall used vehicle transactionswere in the $15,000 to $30,000 range.
More From GOBankingRates
Share This Article:
The Latest inSaving Money
