Buying Used Doesn't Save You as Much as You Think

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Millions of Americans priced out of new cars did
the obvious thing — they bought used instead.

It didn't save them as much as they thought.

The average used car loan carries 11.4% interest —
nearly double the rate on a new car loan. Because
of that gap, the average used car buyer now pays
almost as much in total interest as someone who
financed a car $17,000 more expensive.

This video breaks down why used car prices never
came back down after the pandemic, what "average
price" actually hides, the interest trap most
buyers never calculate, and what genuinely makes
sense if you're financing a used car right now.

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