The used car market is a real mess. Thanks to low new-car production numbers during the COVID-19 pandemic in 2020 and 2021, there is a severe shortage of used cars under four years old. This is according to chief economist Jonathan Smoke of Autotrader parent company, Cox Automotive. Finding a good used car under $20,000 requires real commitment and... The used car market is a real mess. Thanks to low new-car production numbers during the COVID-19 pandemic in 2020 and 2021, there is a severe shortage of used cars under four years old. This is according to chief economist Jonathan Smoke of Autotrader parent company, Cox Automotive. Finding a good used car under $20,000 requires real commitment and... There are a lot of moving parts to consider when calculating how much you can afford for a used car. Prepare yourself for some disappointment during this process because what you can comfortably spend afford is probably less than you estimate. That’s because there is so much more than the purchase price or, if you finance, the monthly car paymentth... There are a lot of moving parts to consider when calculating how much you can afford for a used car. Prepare yourself for some disappointment during this process because what you can comfortably spend afford is probably less than you estimate. That’s because there is so much more than the purchase price or, if you finance, the monthly car paymentth...
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