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re: New cars, once part of the American dream, now out of reach for many
Posted on 5/8/23 at 3:09 pm to Diamondawg
Posted on 5/8/23 at 3:09 pm to Diamondawg
quote:
The gap is not as wide but there is still a gap. Otherwise, such car dealerships would have gone the way of the dodo bird.
I drove a full size SUV for three years, put 45k on it and sold it for 1k less than I paid for it about a year ago.
The old depreciation model is dead at least for the moment.
Posted on 5/8/23 at 3:12 pm to tide06
According to market value, yes.
According to KBB, it is damn near worthless if some worthless motherfricker totals your car, as the payout isn’t necessarily going to be enough for a good downpayment on a replacement.
According to KBB, it is damn near worthless if some worthless motherfricker totals your car, as the payout isn’t necessarily going to be enough for a good downpayment on a replacement.
Posted on 5/8/23 at 3:22 pm to tide06
quote:Trade in or to an individual? That was likely due to inflation because the new one you replaced it with rose a commensurate amount over the time you had the SUV.
I drove a full size SUV for three years, put 45k on it and sold it for 1k less than I paid for it about a year ago.
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