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.

  • some_guy@lemmy.sdf.org
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    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.

    • TunaLobster@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      I bought used in December 2020. 6 months later, the dealership called me with an offer $3k higher than the sticker price I saw. It was madness for a while!

    • Valdair@kbin.socialOP
      link
      fedilink
      arrow-up
      1
      ·
      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.