$29,000 for an average used car? Would-be buyers are aghast
ABC News
Prices for used cars are soaring so high, so fast, that buyers are being increasingly priced out of the market
DETROIT -- A couple of months ago, a woman paid a visit to Jeff Schrier's used car lot in Omaha, Nebraska. She was on a tight budget, she said, and was desperate for a vehicle to commute to work.
She was shown three cars priced at her limit, roughly $7,500. Schrier said the woman was stunned.
"'That's what I get for $7,500? ‘" he recalled her saying. The vehicles had far more age or mileage on them than she had expected for something to replace a car that had been totaled in a crash.
The woman eventually settled on a 2013 Toyota Scion with a whopping 160,000 miles on it. Schrier isn’t sure he made any profit on the deal. "We just helped her out," he said.
