The Expert Podcast

So, what the heck is going on with used car prices? Remember, back in 2019 and 2020, used car values spiked up through the moon and they stayed high for a number of years. The last couple of years, it seemed like they trailed off a little bit. They didn't actually go down, but they weren't quite as dramatic. Well, in the last 30 to 60 days, we are seeing used car values again go through the roof. And here's why: There are auto manufacturers and dealers who are expecting tariffs to affect not only the price but the supply of new vehicles.

What that does is it puts pressure on dealers and even buyers to try to get their vehicle purchases done before the tariffs start to raise prices. That's putting a leading indicator on used vehicle value. So, if you have a vehicle that you're looking to trade in, your video will be back in 8 seconds. In the meantime, remember you have access to live one-on-one consultation, undivided attention of a licensed, certified expert in this subject and many others. We want to listen to your story. We want to hear your questions and give you expert advisement of your options. We want to tell you what we know about your situation and what options you have.

Now, back to your video. And now might be the time to do it. If you're looking to buy a car, and you think the prices will go up in the coming months, you might want to move up that purchase to a sooner date. More importantly, if you have a vehicle where you have an out of equity, negative equity scenario, you might want to look at seeing if the values have changed. Even if the dealer offered you, let's say, $20,000 for your car a month or two ago, it might be worth $21,000 or $22,000, which could knock a couple thousand off of your negative equity situation to get you able to get rid of that vehicle, trade it in, and do a lien release.

If you have more questions about how to get a lien release, how to transact a short sale on a vehicle, you can click the link below. There's more information there. But the used car market is dramatically different even this week versus what it was a month ago.

And if you have any kind of activity planned for a used vehicle—buying one, selling one, trading one in, doing a broker deal—you might want to relook at the scenario to see if it's different than the last time you checked. If you like this video, be sure to click on a few others on our channel to see if there's other information that might be helpful to you about this same subject or maybe even other related subjects that could assist you with your resolution of your issue.