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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
45 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.

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[-] odium@programming.dev 1 points 1 year ago

Toyotas and Hondas have pretty huge markups right now. A new Prius for example (in Texas at least) costs 39k (with taxes and everything) for the base trim.

[-] sugar_in_your_tea@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago)

I'm seeing advertisements for MSRP for both Prius and Civic, so ~$30k for 2023 model years for base trim. This is before taxes, just advertised price, so maybe $35k out the door after taxes, registration, fees, etc.

That said, I haven't requested a quote from any local dealers, so those advertised prices could be unrealistic. But advertised prices are down from last year.

[-] odium@programming.dev 2 points 1 year ago* (last edited 1 year ago)

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.

[-] sugar_in_your_tea@sh.itjust.works 2 points 1 year ago

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

this post was submitted on 10 Aug 2023
145 points (94.5% liked)

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