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Not anymore. The used car market is absolutely bananas. I was looking at used small SUVs in the $30k cad range. A 5 year old Mazda or Toyota was going for $5k o
by dghlsakjg 4y ago
Not anymore. The used car market is absolutely bananas. I was looking at used small SUVs in the $30k cad range. A 5 year old Mazda or Toyota was going for $5k off of original msrp. There was a 2021 low mileage Subaru going for the same price as new.
COVID did some wacky shit with the car market. The upside is that my junky old pathfinder is worth more than I paid for it in 2019
- SoftTalker 4y agoThings certainly did go crazy for a while, mainly due to supply chain issues that reduced the supply of new cars for sale. So people bought more used cars, driving the prices up. That's starting to correct now that new car supply is getting more plentiful. Even a 15 year old car without major issues is hard to find for less than about $5,000 USD where I am though, which is more than I've paid for a car in quite a while. You can find cars for less, but they get ugly pretty quickly.
- EricE 4y agoAs soon as interest rates started to go up the market flipped: https://www.youtube.com/watch?v=Xw2rainqEtw https://www.youtube.com/watch?v=Xw2rainqEtw