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It's Almost Impossible To Find A Decent Used Car Under $20,000 (jalopnik.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

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[–] [email protected] 16 points 1 year ago (2 children)

My partner took her 2022 Toyota for service and the dealership offered to buy it off her. The price was only $1k less than she paid new. That's a year and a half of heavy use for $1k if she opts to take it.

[–] [email protected] 7 points 1 year ago (1 children)

Yup. My wife and I both own Subarus, we get "please let us buy your car!" letters from local dealerships on a monthly basis and have been since we bought hers in 2018.

[–] [email protected] 4 points 1 year ago

We just wanted all wheel drive two years ago, our Subaru went up in price. It's silly.

[–] [email protected] 3 points 1 year ago

I bought used in December 2020. 6 months later, the dealership called me with an offer $3k higher than the sticker price I saw. It was madness for a while!