re: Does car depreciation not exist anymore?

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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

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If you live a small area, you might can claim this.

Nationwide though, prices are dropping. New car sales are very slow and wholesale prices are dropping on the used. Many dealers are slow to let go of the COVID life, and are listing cars at MSRP and tapping on dealer add-ons. You see very few, if any, market adjustments though.

With the exception of maybe Toyota, possibly Honda, all new cars are going for under MSRP. Rare and exotics excluded. Used car prices are dropping slower, because new cars are selling slower. Used car dealers need trade-ins and that is not happening enough still with the inflated new car prices. While new cars are getting cheaper, you have to account for the 10-50% increase in MSRP over the Covid years.

Stellantis is the worse offender by far, and you are going to see CDJR dealers go out of business soon.

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Also, owning a vehicle for long periods of time is no longer economical.

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Wut? If this is your experience, you must have chosen some shitty vehicles.

It's almost always cheaper to fix your vehicle. Really, unless it's not totaled, the only reason to buy a new one is because you want one or you are just willing to pay for a newer or more reliable vehicle.

New 4k transmission? You are green on that expense in like 6 months vs paying a note.

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Also, owning a vehicle for long periods of time is no longer economical. In the 80s and 90s, you could own a vehicle for 8-10 years to maximize value. Today, vehicles owned after the warranty are a $5-8k expense waiting to happen. Drive it another year after that expense and it is likely to have another major problem. All while depreciating.

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This is complete bullshite lol. The opposite is true.