New car prices are at an all-time high. Recently, a report revealed that for the first time, the average new car price surpassed $50,000 – around the price of a new Toyota Grand Highlander Hybrid – indicating that the average American is spending more out of their wallet to purchase a new car. Because of this, more and more families are turning to the used market to find a deal for their families that can undercut the high new car prices, while still offering great value for their money.
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