3 ms·

Because lots of people are idiots, especially so when it comes to buying a car. People want to show off. I'm glad we have them, so I can buy a barely used car

• r00fus 15y ago
  The problem with this "a used car loses 20-30% of it's value when it goes off the lot" thinking is that the used cars that people sell are statistically more likely to have problems than the new car that comes off the line. A person less likely to sell his/her used car if it's running great. Thus the "used car discount" adds in some % reduction due to it's selection being amongst a less healthy population of vehicles... probably not as much as 30-50%, but probably at least half that.