A recent article from Curbed debated findings from The New York Times that New York City saw a surge in vehicle registrations, called the “Vroom Boom,” as more city dwellers saw an opportunity to have their own form of transportation. However, Curbed argued those figures may be greatly exaggerated, as the “Vroom Boom” wasn’t the big bang it was made out to be.
A recent report from iSeeCars showed that the average price for a used car during the month of August increased 4.1% over the previous month. Last month’s average price was $23,705, compared to $22,764 in July.
With August almost coming to a close, that can only mean one thing: back-to-school shopping. While parents may be excited that school will soon be back in session, what they may be dreading is the cost of sending their children back to school.
It has been widely reported that many people have not received their stimulus payment checks, or that some people have received it in the form of a debit card but threw it away, mistaking it for junk mail. If you’re still waiting for your stimulus payment, you can still get paid by selling your junk car to Gershow!
People think they are saving money when they buy a used car. Sure, it’s cheaper than buying a new car, but what they may not know is that owning an older car will become more expensive in the long run.