Used cars cost $29,000 in 2022 on average

Seeing the price of used cars is a reality check for me. I’ve been quietly looking for a new ride for some time. With the average car price now being $29,011 for a used model, maybe I need to adjust my budget or at the minimum my expectations. That’s around $520 per month when financed. Going for a new vehicle will set you back nearly $46,000 on average.

It seems like the older I get, the more difficult it is to realize how much things cost in today’s dollars.