According to a new LendingTree analysis of more than half a million used car loan inquiries, Wyoming ranks #3 in the nation for buying older used cars.

Key findings for Wyoming:

Wyoming shoppers look for used cars averaging 6.2 years old, tying for third oldest in the U.S. (national average: 5.5 years).

Loan amounts fall sharply as vehicles age — from around $36,000 for newer models to roughly $13,000 for cars over 10 years old.

According to LendingTree auto insurance expert and former auto insurance agent Lindsay Bishop:

“Many Wyoming buyers are saving upfront by choosing older cars, but those savings can disappear fast if insurance or repairs end up costing more than expected.”

While older cars often tend to be less expensive than newer vehicles, insuring them isn’t always cheape

See Full Page