Used Car Prices
Discussions center on the high prices in the current used car market, where even older or junk cars sell for nearly as much as new ones due to shortages, and debates on whether to buy new or used vehicles.
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People buying used cars is pretty common...
You bought them used. That is a different market and price structure. Most cars lose value drastically in the first year of ownership.
You tried buying a used car in this market? Even junk commands a ridiculous price tag.
Thanks for giving me another reason to buy only used cars!
Because (most) cars are not worth much?
Well, someone has to be buying the new cars, or else there wouldn't be any used cars.
For a new car. Lots of people buy used.
Currently several year-old cars are selling for nearly as much as brand-new cars. Even before the current car shortage, repossessed zero-money-down cars were commonly resold at basically the same price as the first sale.
Personally it's more the used car market offers a greater value than a cheap new car.
Then don’t buy a new car? Buy used.