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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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[–] 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