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To Lease, Buy, or Have No Car at All? How 2022’s Used Car Market Shifts Things

The Money with Katie Show

00:00

Introduction

In 20 21, i sold my used 20 17 out a three for almost the same price that i paid for it when i bought it year earlier. The sale price illustrates the bizarre nature of the used car market mid and post pandemic. There is a chip shortage, and cars are loaded with micro chips, so there are fewer new cars on the market. And 20 21 prices were up 24% according to the labor department.

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