You haven’t been shopping used cars lately have you? Sure, some luxury cars will see a dramatic drop after a year or 2 of owning, but not most. My 2022 Maverick that I bought new, for 24k, is currently valued for $23,400 at Carvana.
A coworker just bought a 2018 civic with 81000 miles for $15000. The used car market is insanely overpriced.
Not anymore. Most new cars only work about 5 yrs, after that sudden ‘unexpected’ problems start popping up. Obviously in built degradation - according to couple mechanics I trust, german brands are really bad / good at timing their failures at the end of your loan term. But other brands are following also - so pre covid cars are still fine-ish.
Why are people buying a new car? Cars easily last 20years with basic maintenance. You can also buy 1-2 year used for 50% off list.
You haven’t been shopping used cars lately have you? Sure, some luxury cars will see a dramatic drop after a year or 2 of owning, but not most. My 2022 Maverick that I bought new, for 24k, is currently valued for $23,400 at Carvana.
A coworker just bought a 2018 civic with 81000 miles for $15000. The used car market is insanely overpriced.
Carvana is a scam to inflate the price of used cars.
I have 2 20+ yo cars that run but I don’t trust them for long trips so I have a new car as well
Not anymore. Most new cars only work about 5 yrs, after that sudden ‘unexpected’ problems start popping up. Obviously in built degradation - according to couple mechanics I trust, german brands are really bad / good at timing their failures at the end of your loan term. But other brands are following also - so pre covid cars are still fine-ish.