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Used Cars Under $20K Are Selling Fast: Prices, Mileage & 11% Loans

• Mike Wright • Season 1 • Episode 273

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0:00 | 20:54

Used cars under $20,000 are selling fast, but what are buyers actually getting for their money?

In this episode of the MX3 Podcast, we look at the changing used-car market and the growing affordability problem facing American drivers. We discuss used-car prices, vehicles approaching 100,000 miles, older cars being purchased for the same money buyers once spent on much newer vehicles, limited inventory, auto auctions, credit scores, interest rates, monthly payments, and the danger of becoming upside down on a long-term car loan.

We also get into the cost of today's pickup trucks, rising insurance expenses, fuel costs, and why affordability may now matter more to many buyers than features, mileage, or even age.

MX3 Podcast is about money, motivation, and relevant events that affect everyday life.

💬 We want to hear from you: What did you pay for your last vehicle, how long did you finance it, and how many miles were on it when you bought it? Drop your numbers in the comments.

👍 Like the episode, subscribe to MX3 Podcast, and share it with someone shopping for a vehicle.

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