Buying a used car is a great way to save money, but it pays to know and understand all the pros (and some of the cons) of the process, as a little research can save a lot of time and money in the long ...

Used cars trade factory freshness for upfront savings. The financial benefits are significant, but they are not as great as they once were. As with new cars, used car prices remain elevated and ...

A third option, certified pre-owned (CPO) cars, splits the difference. CPO cars have typically been returned at the end of a three-year lease and are inspected by the dealership to address any ...

The lingering inventory shortage is keeping used cars in high demand and their prices remain elevated as a result. It’s undoubtedly a challenging time to buy a car — especially for frugal shoppers — ...

Forbes contributors publish independent expert analyses and insights. Michael Harley is a noted automotive industry expert and analyst. With the average price of a new vehicle trending over $48,000, ...

The new versus used car debate is as old as time. The price premium commanded by new cars includes warranties and benefits; buying a pre-owned car means spending less cash and avoiding the massive ...

Budget and affordability. Used cars do typically cost less than new ones. But before buying either, determine how much you can afford to spend. Our car affordability calculator lets you start with the ...

A buyer with $20,000 looking for a late model used car will have a hard time finding one. The average list price for a used 3-year-old vehicle is now $32,600, up nearly $9,500 since 2019. Some tips in ...

Finding the best place to buy a used car can seem overwhelming. Knowing the pros and cons of each can help. This page includes information about these cards, currently unavailable on NerdWallet. The ...

One of the perks of buying a brand-new car is that it comes with a warranty from the manufacturer. If you buy a used car, however, the warranty situation gets a little more complicated. That’s because ...