Title: Why Is It So Difficult To Buy a High-Quality Used Car?
Course: Tennessee Personal Finance Sample Syllabus > Section: Standard 4: 💳Credit & Debt

With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn't a good deal. This issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid "lemons" and why lemons are a larger problem for the used-car market.