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Used car

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Are used cars really that much cheaper?

With the economy still not back to where it was some years ago, getting used cars for sale instead of a new one is a better alternative. Or not. An economist, Paul Ballew said that over half a million people who bought new cars were actually thinking of buying used ones. “There’s a substitution effect going on between new and used. When you get those price gaps closing, you get people that are willing to shop new that wouldn’t have before,” he shared. This means that when a prospective buyer learned about the smaller price difference, plus the lesser amount of money you will spend on repair and maintenance, they… Continue Reading »

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