A lot of those consumers have turned to banks to purchase quality used cars in Indianapolis and throughout the nation, with about 35.6 percent of purchases financed through bank loans. This boom in used car financing apparently came off the heels of rising demand for certified pre-owned cars that started in late August.
But why did many Americans go for used cars this time around? The reasons are pretty simple. One of those is the obviously cheaper price tag. Time and previous ownership is sure to lower the monetary value of a car even if the vehicle remains in top condition. Buying and owning a brand-new car is definitely pricier, unless one decides to lease.