Market Trends: What's New About Buying a Used Car?

Choosing to buy a new or used car used to be straightforward. That’s changed a bit, thanks to the pandemic, particularly because of the car chip shortage. While new cars are becoming more plentiful, rising interest rates and general inflation may have you considering options you never would have before, like buying out a lease or buying from a private seller—or becoming a private seller. Also, if you need to buy a car, it might be trickier to find what you want, no matter the price range. Here’s what to know.

https://www.erieinsurance.com/blog/buying-a-used-car-in-2022