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New Cars Are Finally Selling Below Sticker
- e-clinton 3y agoWhat’s most surprising to me is that the average car purchase was $48K. Seems like a lot of money given that the average salary in the US is $60k. But then again, people on lower income brackets may be buying used vehicles.
- deleted 3y ago[deleted]
- latchkey 3y agoI'd personally never buy a new car again. The moment you drive it off the lot, you've lost value. The hard part with that though is finding a used car that fits your criteria. Even with all the search engines online now, they don't cover all the various features cars can come with. You setup a specific search and they email you seemingly random results. It is maddening.
- kylehotchkiss 3y agoNot every car! My gently used SUV reports having about the same or slightly higher value than the sales price on KBB for my area.
- paulpauper 3y agoIsn't it like this with any car? You always are paying at a markup whether new or old.
- sieabahlpark 3y ago[dead]
- pfannkuchen 3y agoI think part of the value drop is due to a fundamental lack of certainty over what has happened in the life of a used car, however short. Did it have undocumented problems, etc. If you buy a new car you don’t have that uncertainty.
- lmpdev 3y agoThis is why I love the idea of importing used vehicles from Japan (I live in Australia) They're some of the most over serviced and least questionable vehicles I've ever seen The online JDM car auctions are fascinating to observe even if you're not interested in cars
- sidewndr46 3y agoMy understanding is it's the opposite. No one services vehicles in Japan because after a few years they cost more to keep on the road than they are worth.
- zdandoh 3y agoIndeed, my first used car that was otherwise in good repair and wasn't cheap had a recurring carpet beetle infestation that popped up each spring. Hundreds of the things crawling out of every crevice, and there was no way to know about it until months after I had purchased the vehicle. Could never find the source, but got it managed with yearly treatment. It makes me quite reluctant to buy used cars again.
- roundandround 3y agoI've occasionally heard of those kinds of problems from acquaintances, but I've heard and seen so many more newly introduced defect problems and individual car misassembled problems. On average, I think a used car is a car that has been debugged under warranty by someone else with its design critiqued collectively. The discount for the possibility that the last owner was in the bottom 20% seems to not take into account the positive aspects of a car that is at least 2 years old, 80% of the time.
- 3y ago
- pg938hkd 3y ago[dead]
- 2023foo 3y agoTrusting used cars makes buying a new one at a discount the better deal, neva pay retail
- Skates1616 3y agoYou knew this had to be the case when Costco starting having car displays again in store…
- olliej 3y agoHmmm - given that just a couple of weeks ago while looking at cars literally every dealer had a 4k to 10k “market rate adjustment fee” (literally what they called it) I’m not sure how much I trust a claim that this is magically over. I don’t see it really stopping until people can just buy directly from the manufacturer.
- olliej 3y agoOh and when we did buy a car, they now have a “contract” you have to agree to that basically says “you can’t exercise your rights under the CA lemon law”. What fun!
- theGnuMe 3y agoyeah that's probably not enforceable.
- olliej 3y agoyeah, but obviously that would be expensive to find out. Really there should be a law that says creating contracts that remove rights granted by law is itself an illegal act for which there are fines - otherwise there's no reason to not have those contracts and use that to mislead people as to their rights :-/
- theGnuMe 3y agoYou just file a complaint with the DMV and they will investigate. https://oag.ca.gov/consumers/general/cars https://oag.ca.gov/consumers/general/cars