- Buying a used car instead of a new car is a good way to save money.
- But if you don’t know which makes and models to avoid, you might end up overpaying in the long run.
- Here are six types of cars, from the brand new to the discontinued, that you should avoid at all costs when buying a used vehicle.
Buying a used car isn’t always the good deal most people expect it to be.
For one, used car interest rates are exceptionally high these days. According to data from the auto industry experts at Edmunds, the current average rate is sitting at 9.5% on average, the highest figure on record since 2009.
And if you shop for a used car without knowing which makes and models to avoid, you might end up overpaying even beyond the interest.