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Cars and Transportation
Reply to "Buying a used car in 2024 is stupid"
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[quote=Anonymous][quote=Anonymous]Don't know why anyone would buy a used car, the only cars that depreciate a lot now are the ones with really bad issues/high maintenance like Range Rovers. The cars with good reliability and cheap upkeep barely depreciate. Want a 7 year old used Toyota RAV4 with 100k+ miles? That'll be $20,000. For only 50% more you can get the same car brand new with a lot more life left in it before big repairs start coming due. The only people who buy used cars are those who cannot afford new, it's no longer the people who have high incomes but are frugal.[/quote] This is not new. This has always been the case. Cheap and reliable cars like Toyotas and Hondas were never the better deals as used cars because they don’t depreciate a lot. Luxury cars depreciate quickly during the first 3-4 years. This is still true today and you can find many certified preowned deals that are better options than buying new.[/quote]
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