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Used cars have a natural price cap, and my understanding is that it has been reached. They are too close to the price of a new car to go any higher.
by jtbayly 5y ago
Used cars have a natural price cap, and my understanding is that it has been reached. They are too close to the price of a new car to go any higher.
- lucasmullens 5y agoMaybe, but with new cars being sold for above MSRP, that natural price cap is rising.
- nszceta 5y agoThe price of a new car is whatever the dealer is willing to let it go for. MSRP is a starting point, not the final price, which can be literally anything.
- cableshaft 5y agoYeah, I normally buy used, and this time I just bought new (technically I leased new, but it's the first time I'm leasing a car in my entire life), because it just didn't make any sense to me to buy a used car for almost the same price as a new car.
- el-salvador 5y agoNot everywhere though. I recall Venezuela had unusual car prices about a decade ago. Car dealership inventory was very low due to currency controls and wait times at car dealerships increased to months. A slightly used car, inmediately available for sale, was more expensive one than a new one with months wait.
- the-dude 5y agoIf you can get a new car. In theory, a used, available car could be worth more than an unobtainium.