Used vs. New Cars: Why Buying Used No Longer Saves You Money
www.carsandhorsepower.com
A shocking CARFAX report reveals used cars now cost nearly the same as new. Explore the pandemic-driven market shift, soaring loan rates, and the financial trap for paycheck-to-paycheck Americans.

A new CARFAX report brings a shocking revelation; it now makes better financial sense to buy new if the goal is saving money.

  • gorlak@lemmy.worldEnglish
    8·
    3 months ago

    The site is cancerous on mobile. Also the article is poorly written:

    Note that popular models, like the Bronco, Corolla Cross, and Civic, from the 2023 model year maintain a defiant pricing of around 10% of their 2025 counterparts, an impressive resilience considering that a 3-year-old car should’ve shed around 40% of its value by now.

    10% of their 2025 counterparts is a tenth the cost, but not what they mean.

  • Onomatopoeia@lemmy.cafeEnglish
    3·
    3 months ago

    Thank cash for Clunkers, which did nothing positive for the environment: you can’t manufacture your way into reducing emissions.