you are viewing a single comment's thread
view the rest of the comments
[–] 10 points 3 months ago (4 children)

Why are people buying a new car? Cars easily last 20years with basic maintenance. You can also buy 1-2 year used for 50% off list.

  • source
  • hideshow 4 child comments
  • [–] 19 points 3 months ago (1 child)

    You haven't been shopping used cars lately have you? Sure, some luxury cars will see a dramatic drop after a year or 2 of owning, but not most. My 2022 Maverick that I bought new, for 24k, is currently valued for $23,400 at Carvana.

    A coworker just bought a 2018 civic with 81000 miles for $15000. The used car market is insanely overpriced.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 3 months ago

    Not anymore. Most new cars only work about 5 yrs, after that sudden 'unexpected' problems start popping up. Obviously in built degradation - according to couple mechanics I trust, german brands are really bad / good at timing their failures at the end of your loan term. But other brands are following also - so pre covid cars are still fine-ish.

  • source
  • parent