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It's Almost Impossible To Find A Decent Used Car Under $20,000 (jalopnik.com)

submitted 1 year ago by Valdair@kbin.social to c/personalfinance@lemmy.ml

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Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

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[–] sadreality@kbin.social 16 points 1 year ago (1 children)

Going car free is getting more affordable.

Either way, as someone stated above, they are price gouging. Covid taught them that fake shortage works and we will pay so they are milking us.

Housing, food, car, health care...

[–] cassetti@kbin.social 1 points 1 year ago

Yep, I have a cheap old Honda with low miles that will last me forever with proper care/maintenance. Because I leave it in the garage and bicycle everywhere I need on a daily basis. My bicycle gets more miles than my honda on an annual basis. Burn calories, stay in shape, save gas money and wear & tear on my vehicle seems like a win-win in my book.

I also specifically found a home within biking distance of everything I need on a daily basis so I rarely need to drive to get where I want to go