A recent LendingTree study found that the national average age of a used car that consumers sought to finance was about five years old.
Feb. 21, 2020—In a study by LendingTree, more than 600,000 auto loan queries were studied and the study found the national average age of a used car people sought to finance was about five years old.
Residents sought the oldest used cars in Spokane, Wash. Vehicles at least 7.66 years on average were what people sought to finance.
States where people buy the oldest cars:
Washington
Kansas
Utah
Tennessee
South Carolina
States that buy the newest used cars:
California
Florida
Washington, D.C.
Massachusetts
San Jose, Calif., heart of the wealthy Silicon Valley, prefers newer used cars, at an average of 3.54 years.
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