Personal Finance

3829 readers

7 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

138

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

submitted 1 year ago by [email protected] to c/[email protected]

43 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

I went in person last month to two dealerships in my area, and they both had over 5k markups.

They also stated ~30k on their website.

[–] [email protected] 2 points 1 year ago

Lame. It's at least better than a year ago when everything was marked up >$10k.