Used car prices have risen dramatically recently and continue to remain at a high rate. Cheddar News spoke with some customers and a salesman to get their take.

<div class="block">Used car prices have risen dramatically recently and continue to remain at a high rate. Cheddar News spoke with some customers and a salesman to get their take.</div>
<div class="block"><i>Updating to clarify that Major World says it does have price stickers on cars.</i></div>

Closing Bell

Used Car Prices Remain High

And elsewhere used car prices rising fast with some vehicles costing as much as new cars. Jetter News, Ashley Master explains why prices are going up and how you can save money if you are in the market. Despite none of the used cars for sale at major world in New York City having visible price tags. Customers still had major sticker shock. The prices are comparable to new cars right now, I've been shopping for a little while and the prices are really high. Experts say pre owned cars under $20,000 are becoming harder to find. Harold Benel, founder of Major world says the prices of used cars are going up since many people opted to buy out their leases in the pandemic. Would you give up a car if it runs well? And you have to spend 25 30 $40,000 on a new car, which means less used cars are available on the lot, on top of which whatever was generated. You had all these used car dealers who were traditionally in the business looking for cars. Everybody was scrambling. So what do they do? Well, if you pay a dollar, I'll pay two, these two Fords are on sale for $20,000. Each. Bendel says you can find cheaper used cars for $10,000 even $5000. But he says those cars will likely $100 you to death, meaning you'll be in the shop constantly for repairs. There's a reason why certain cars priced higher and that's because they're winners. If you're in the market for a used car, Bendel's number one tip is to stick with the winners. Dependable brands like Honda and Toyota. He also says to stick with dealers who are reputable. And he says if a price seems too good to be true, it's up to you to do the math. Look at the term, look at your payment multiply the two together and if it's way above what you thought you were paying, then you should stop and ask yourself why. But experts say the prices of used cars are cooling, they're down about 6% from last year. Ashley Masar Chet News.