While the prices of new cars continue to soar, used cars are actually becoming more affordable. Over the past year, used cars have become 5.8% more affordable on average as prices fell and median household income rose, a recent iSeeCars.com report found.
To determine the used cars that are now affordable for the average buyer, iSeeCars used its Car Affordability Index, which compares median household income to an idealized income for financing a car. Based on this calculation, a $33,373 used car would be affordable for the average buyer.
Here’s a look at the 23 used cars that are now affordable for the average buyer that weren’t last year, according to the iSeeCars analysis.
