Prices for Used Cars On the Rise

The economical slowdown has finally struck the Used Car business, also affecting it in a big way. Used cars normally come to the market after the completion of the lease period of 3 years. In 2008, there were fewer people that were leasing new cars, this tumbled to about 58%, and hence it is going to be tougher for the used car buyers to find their favorite models now. People will also have to pay more for used cars when they do find them. This is yet another blow of the economic and financial crisis.

Read the original article here:

Expensive lemons: Used car prices to rise