A 25% tariff on all vehicles imported into the U.S. won't just cause new car prices to rise. Used car prices will also likely increase, analysts say.
Investopedia found First Tech FCU to be the best used car loan lender thanks to its flexible terms and lenient qualifications for older vehicles with heavy mileage.
While it is too early to say that Teslas are flooding the used car market, there are signs that a growing number of owners may be pulling the plug in Chicago and across the U.S.
Used car prices tend to increase alongside new car prices, Musson said. Experts also encourage consumers to make mechanical repairs to their cars before the tariffs take effect, too, since tariffs will likely raise the price of auto parts.
Amazon looks to expand into used vehicles following successful voyages into the new car sales market. Online shopping for cars isn't a new concept, especially in a post-COVID worl