The cost difference between new and used cars at all-time high

The video discusses the current state of the car market, highlighting the significant price gap between new and used cars. It advises that buying used cars is a financially sound option due to the end of discounts on new cars. The impact of hurricanes has reduced the supply of used cars, leading to higher prices. Buyers are encouraged to act quickly before prices rise again. A survey shows that many buyers expect low monthly payments, but the average payment is higher.

What should shoppers consider regarding their budgets according to the text?

What is the average monthly payment for a used car last quarter?