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

Turkey_Titty_city , 10 months ago (edited 10 months ago)

I bought a new car in 2018 for 19K. Everyone I know flipped at me for 'wasting money' and not buying a 5yo+ 10K car that looked like shit with 100K miles.

It's now worth 21K, after 50K miles.

I'm looking at trading it in for a 35K car in the next two years, and watching the value on that car never go down either.

wowbagger_ , 10 months ago (edited 10 months ago)

They definitely shouldn’t have flipped out at you about it, but that doesn’t mean they were wrong. Vehicles almost never appreciate in value; it just so happens that you accidentally timed the used car market perfectly.

Stuka , 10 months ago

If you expect that to continue happening you’re in for a surprise.

Turkey_Titty_city , 10 months ago

dude, everyone says the housing market will crash for 15+ year now.

We have to accept the old rules of economy are out the window. govt will bail and stimulate to no need the second the market slows down.

this is the new normal. truth is our inflated economy can't ever allow housing values to go down anymore without causing a depression so the govt won't allow it.