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The used car market is really strange right now. I've seen cases where the same make and model car is selling for the same price new as it is used!
I bought a car two years ago that is now worth 25% more than I paid for it. As tempting as it is to trade it in for something else, anything I'd trade it for would also be overpriced.
Ideally, if you could go without a car, it would be best to straight out sell it and wait until things go back to normal. Of course, it's difficult to predict when that would be.
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