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It's my pleasure to welcome you to the Clark Howard Show R-Mission to serve and empower you so you make better financial decisions in your life.

In today's episode, the price of used cars has skyrocketed.

I have special advice for you if you're in a car lease or a family or friend is family or friend is also there's some big news in the jewelry business that'll save you big bucks.

So use vehicle prices have gone crazy over the last year according to JD power.

The average price of a used car is up 17%.

By comparison, the average new car price up 10%.

This is unprecedented.

You'd have to go all the way back to the era of galloping inflation in the late 1970s ending in 1981 or two.

I just freaky weird to see a price of a consumer product is large as a car.

As big a purchase as a car is to go up those kind of presents.

Now this has created a situation I've addressed with two questions we've gotten over the last two months.

But I addressed it quite narrowly for those individuals.

I need to address this head on.

So if you go back to three or four years ago and you lease to car three or four years ago 3648 month lease.

And that lease is coming to an end here in 21.

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