5 ms·
anecdotally; the lower end of the car market doesn't really seem affected. prices for 10+ year old cars that aren't "nice" but are easily reliable with regular
by eof 5y ago
anecdotally; the lower end of the car market doesn't really seem affected. prices for 10+ year old cars that aren't "nice" but are easily reliable with regular maintenance still seem widely available and cheap.
tangentially; I have always seen the premium for a nice car to be a really low value at normal income levels.
- djrogers 5y agoWidely available and cheap doesn’t equate to ‘as cheap as last year’. I bought a fairly well used 2006 Honda in Jan of 2020 for $5k. After denting the rear fender badly and putting 20k miles on it, it’s worth $7-8k. A vehicle like that has never appreciated like that. Cash for Clunkers had an impact on availability of $1000 beaters, but nothing like what we’re seeing now.
- olyjohn 5y agoI used to be able to pick up decent cars (something that needs a little work but runs and drives) for like $500-1000 all day long. Those days are gone. If it runs and drives, you're lucky to get it under $1500-2000.
- yawnxyz 5y agoI'm trying to get rid of a 2007 Civic as I'm moving, and can't really seem to get a very good price for it anywhere...