this post was submitted on 06 Oct 2023
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Good thing the supply of used cars can never be low leading to crazy high used car prices as well.
If they are to high just sell what you have. I can't imagine an average used car costing anywhere near 40,000 USD
First time car buyers don't have any car to sell.
True but that's not the majority. Anyway you can always buy something cheaper. I would go for something that's hail damaged or messed up cosmeticly as the price for those will be much lower
... And then spend twice or thrice the buying price fixing random things that break in a car that spends most of its time parked at the mechanic.
Or don't? I would go for a car with a solid engine.
Solid engine costs extra. That's the entire point.
how much do you think one of those costs in 2023? I'll give you a hint, it's not $500 OBO anymore
Sorry, this sounds weird to me. If I need a car, but cars are too expensive I should sell mine to buy another? So if I have a beater on its last legs, I should not have a problem buying a working beater because my broken one will be worth more?
Try this same argument with houses, unless you don't plan on living in one the math does not work.
If they sell their current car first, what do they use in the interim? Most places in the US do not have any public transportation to speak of, and those that do are not reliable or frequent enough to get anywhere on time.