With more credit available for people to buy new cars, and as a result of more people trading in their old cars for new rides, for another consecutive month the price of used cars for sale got a little bit more reasonable especially when compared to their record high numbers last year.
Used Cars are Cheaper, Trucks Not so Much
According to the Manheim consulting used vehicle index, the prices of used cars for sale continued to fall an additional 1.3% between June and July. While this in itself is not a tremendous drop in price for most people, it follows a pattern of deflation many used car shoppers have long been waiting for.
It wasn't to long ago that many shoppers experienced significant sticker shock when considering the difference between purchasing a new or used car. However with new car prices continuing to rise, and with used vehicle prices declinging the value is starting to slide in used vehicle buyers favor. Except from one point, that being cheap used trucks which saw a slight increase in price since last year making them less cheap then many would like.
You Can Apply Online for Your Financing
Regardless of if you are intending on replacing your old used pickup with a new truck, or if your taking advantage of the pricing of small compact used cars for sale, the one thing both people need is financing. If you have had difficulty getting financed, or have in the past, remember Lotpro.com will let you apply for on line for auto financing with any credit. The whole process is quick and secure for both people who need a new or used car. Or truck for that matter. Click the banner below to get started to see how our Pro's can help you.