this post was submitted on 28 Nov 2023
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Ehhhh not anymore.. this could just vary by location, but these days it's not easy to find a used car like you describe for under 10k, unless it's 15+ years old with 150k+ miles on it, then maybe you'll find something in the $8-10k range. But that's a roll of the dice. A car like that might only last you a year, if that.
The used car market in the US is completely fucked since COVID. And knowing how capitalism works, I imagine this is the "new normal" when it comes to used cars, and we all better start getting used to it.
I did some used car searches for people in the last month and there still seemed to be reasonably affordable options in that price range.
It may be subcompacts or similarly non-glamorous cars, but you can find low mileage, somewhat recently made cars for under 10k.
Right. And those cars were one third of that price in 2019.
A junker like that isn't something you'd expect to last longer than maybe a few years, it shouldn't cost $10k+.
Sure, but they're still options for people who need a basic, functional car for a few years.
I'm not saying prices haven't gone up, they have. But there are still affordable options and the service life of a semi-modern ice vehicle from a decent manufacturer is probably longer than it ever was.
Specifically, I saw options for cars around 10 years old, some newer, with less than 50k miles for around $7k.
I would love to know where, because that's what I'm looking for. Around me, for that price, it would have at least 120k miles
I was searching in the philadelphia suburbs using auto trader. You basically just enter in your mileage options and other information and then sort by price lowest to highest.