It's the best time to buy a used car in 16 months — just don't take out a big loan - Autoblog

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It's the best time to buy a used car in 16 months — just don't take out a big loan

"New vehicle inventory might finally be improving, but the automotive industry is still on a long road to recovery because rising interest rates are creating a major barrier to entry for car shoppers,"

Jessica Caldwell, executive director of insights at Edmunds,For those less reliant on financing for their car purchases, however, this could be their best chance to buy an affordable car in over a year.

 

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