Cadillac in Southern Ontario
October 22, 2018, 10:54:43 PM *
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Author Topic: Used-Car Sales Boom as New Cars Get Too Pricey for Many  (Read 126 times)
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CDV 429
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« on: September 24, 2018, 08:29:32 AM »

https://www.wsj.com/articles/used-car-sales-boom-as-new-cars-get-too-pricey-for-many-1537700401

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EXCRUISERGUY
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« Reply #1 on: September 24, 2018, 09:39:54 AM »

When you look at the depreciation rate a new car is the worst investment you can make. I'll never buy new.

GJ
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guidematic
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« Reply #2 on: October 02, 2018, 09:51:00 AM »


 I can't open the story, but I get what they are saying. I have looked at the price of new cars and even many so-called entry level cars have ridiculous stickers. And the price of trucks is utterly insane.

 But as demand for used cars increase, that will move the prices of them up too. They are a finite resource.

 Mike
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CDV 429
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« Reply #3 on: October 02, 2018, 12:14:59 PM »

Too expensive because of all the electronic bells, whistles and safety features but you can still buy a base model. They can only sell them with long term financing but 50 % of the new cars are leased anyway. The used cars are way over priced too with high mileage but they seem to be capable of the higher mileage but it depends on how well it was serviced.

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« Last Edit: October 02, 2018, 12:47:44 PM by CDV 429 » Logged
guidematic
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« Reply #4 on: October 04, 2018, 08:21:34 AM »


 I have seen many trucks that are 10+ years old with mileage approaching 200K selling for more than $20K. Insane.

 Mike
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When I read about the evils of drinking, I gave up reading

1970 Fleetwood Brougham 68169 - Lucille
1987 Brougham 6DW69 - Victoria
1990 Brougham d'Elegance 6DW69 - Vera
1991 Seville STS 6KY69 - Clara
1994 Fleetwood Brougham 6DW69 - Joan
1996 Chevrolet Caprice Classic 1BL52
CDV 429
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« Reply #5 on: October 04, 2018, 08:53:17 AM »

Exactly, my neighbor bought a used 2014 Ram 2500 and he wants the warranty so after a few years with 100K or so he traded it in for a new 2018 Ram 2500 with the 6.2L engine. He's always in debt but he wants to buy new stuff all the time. Insane $ 20K or more for high mileage used pickup trucks, they hold their value around here, 4x4 work trucks. Some of the guys in town buy a new one every four years or so but if its a business truck the payments are a tax free expense for the company.

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