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It's Almost Impossible To Find A Decent Used Car Under $20,000 (jalopnik.com)

submitted 1 year ago by Valdair@kbin.social to c/personalfinance@lemmy.ml

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Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

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[–] some_guy@lemmy.sdf.org 1 points 1 year ago (2 children)

My partner took her 2022 Toyota for service and the dealership offered to buy it off her. The price was only $1k less than she paid new. That's a year and a half of heavy use for $1k if she opts to take it.

[–] Valdair@kbin.social 1 points 1 year ago

Yup. My wife and I both own Subarus, we get "please let us buy your car!" letters from local dealerships on a monthly basis and have been since we bought hers in 2018.

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