Up until recently, showing up at a used car lot with $20k to spend would net you a pretty new, low-mileage vehicle that could last a long time. Unfortunately, that’s no longer the case. As new cars continue to increase in price, bringing used values with them, that $20k means less and less. According to numerous sources, the amount of three-year-old used cars that sell for less than $20k is now below 10%.
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