Buying a used Toyota may not be the bargain it used to be

A $15,000 to $20,000 budget can get you a much newer, lower-mileage pre-owned car from another brand, challenging the conventional wisdom that Toyota is always the smart used-car buy.

[Source images: FC, Adobe Stock]

If you’re shopping for a used car, get ready to pay more for less.

Online car resource Edmunds found that the average price of a three-year-old used car soared to $32,461 in the second quarter of the year, a record high for that time period. In a recent report, Edmunds explored how the used car market has “fundamentally repriced itself,” and how anyone shopping on the cheapest end of the pricing spectrum will feel that change the most.

Back in 2019, cars........

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