re: Does car depreciation not exist anymore?

[img]I'm seeing used cars on the lots with 15k miles selling for the same price as brand new ones. Why on earth would you buy lightly used cars at this point if new is the same price? Cars used to drop like 10k price after being used.[/img]

They can't do that unless the car has been previously titled - which if it were purchased by the dealer and deemed a demo, that would work, but either flat out illegal (or if not illegal in contravention to agreements with the makers) or at best disingenuous and a nefarious business practice.

I first saw something like that a couple of years ago on a Bronco sport - car had about 2K mi on it and dealer was asking 10K over the stickered MSRP (sticker was in the glove box). I def had a good laugh at that one - I could tell those shite boxes weren't worth what the MSRP was much less a 10K premium.