Is the gambler 500 dead now? (hexbear.net)

submitted 3 months ago by [email protected] to c/[email protected]

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Seriously, I've spent like an hour searching and there appear to be absolutely no used cars in the US or Canada priced at or under $500. In fact, they're not even really close. I can only find a handful of cars under $1000, and they all seem to be parts cars that have major issues that are insurmountable for all but experienced mechanics who happen to have a spare engine laying around.

Am I just searching in the wrong places or what? Where have all the cheap-ass cars gone in this car-mandatory society?

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[-] [email protected] 16 points 3 months ago

I think Obummer's Cash for Clunkers thing somehow permanently fucked up the used car market. But i haven't ever looked in to it in detail.

[-] [email protected] 9 points 3 months ago

I think the two shocks from covid and subsequent "return to normal" probably had a bigger effect. On the one end there's fewer cars that entered the used market and the ones that did had a higher sticker price, followed by a sudden spike in demand.

[-] [email protected] 4 points 3 months ago

Thanks Obumma

this post was submitted on 03 Apr 2024

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