How to buy a used car online

Despite what Dunkin’ Donuts would have you believe, America runs on gasoline. We are a nation of drivers with a transit infrastructure geared overwhelmingly towards automobile travel (with fewer than one percent of those on US roads today being of the electric variety). We’re awash in cars (276 million were registered in the US as of 2020) with around 14 million new light duty trucks and passenger vehicles being sold annually, and nearly three times that amount (around 40 million) in used cars.

Those figures slumped noticeably during the COVID lockdowns in 2020 and 2021, but now that travel restrictions have eased and life returns to a semblance of the old “normal,” demand for vehicles has spiked dramatically since the industry’s massive nosedive in April 2020. Combine that with low supplies of new vehicles due to the ongoing global processor chip shortage, and compounded by rising interest rates brought on by the Russian invasion of Ukraine, the price for used vehicles has skyrocketed.

For used cars up to ten years old, the average price in March stood at $33,653, 40 percent higher than the year before. Newer used cars, those 1 to 3 years old, the average …read more