• Your $12,000 Used Car Now Comes With 98,000 Miles

    Your $12,000 Used Car Now Comes With 98,000 Miles
    New cars crossed the $50,000 average transaction price last month and is likely to stay there for a while. Fortunately, we could always turn to the used market as the escape hatch. It isn't anymore.A recent Edmunds study lays out the damage. According to Edmunds, a car in the $10,000 to $15,000 range now averages almost nine years old with roughly 98,000 miles on the odometer. Edmunds notes that back in 2019, the same money bought a car four years younger with 40,000 fewer miles. The budget sho