Are used car prices ever coming down?
>>28843928That thing is brand new. It probably sat in a grandma's garage all these years. Price on that isn't totally unreasonable
No. It's a lot of things.We let in millions of migrants (legally in many cases) who need something to drive (and they know Toyota/Honda/etc are third world cockroach cars that won't die)Brown people also flip these same cars
>>28843949just because it hasnt been driven doesnt mean all the rubber parts arent dried out or seals weakened, the car is 25 years old, basically a classic car at this point. in fact a classic car would be CHEAPER than this now.
>>28843928A 25 year old car with only 10k miles is not indicative of anything, it will always be more expensive, look for something with higher miles.
>>28843960This, the muh mileage premium is downright retarded once the whip gets to a certain age, sure the 3L engine is 10,000 miles it's great, it's wow, but the rest of the car has been around for 25 years, the control arms, the seals, the starter motor, the window regulators, literally any part of this thing can break just as likely as a high mileage example, which is fine, old cars do old car things, but you don't want to be the goofy paying 14 grand for a very low mile car to daily drive, that is a show and display car pretty much.
>>28843970>>28843960Also its an XL model not even an XLS, so youre paying 15K for a base trim Avalon from 2001, and its also the pre-facelift version. If this was an XLS post-facelift then i'd be interested
>>28843970But it is worth 14K, right? I mean, not to me or you but it is a fair market value. The parts are cheap, my boomer friend has one with 370K miles and when something breaks we get it from the salvage yard the next day.
>>28843970>whipN
>>28843988Your boomer friend wins because he fixes it and didn't pay 14 grand to begin with, so the economics are there, but once you spend so much money it stops making sense, it's like those guys who pay 50 grand plus for 7.3L Ford diesel trucks, it's like you may as well get a 6.7L and have a newer nicer truck because clearly money is not an issue.
>>28843928No. You will own nothing.
>>28843928>Are used car prices ever coming down?Buyers are tapped out, but we'll see by tax refund time. If people don't blow the check in a down payment, dealers are going to be stuck with cars they overpaid for. Also, aren't cars over 10 years old hard to finance? There's this dead zone where old cars between $15k and $30k don't move at all.
Old cars won't be produced again.It's a minority, but still a large number of people don't want what modern cars are. The new driver-facing cameras and remote killswitch will only make the demand higher.The passage of time only makes supply lower.They're not going back down.
>>28844161>Old cars won't be produced again.Newer (reliable) cars that receive really infrequent updates or have extended platform life cycles are the gold nuggets.It's basically old car hardware in new car styling.
>>28843928Everything has to profit now, even depreciating assets.No one wants to sell anything they have unless they can get back at least what they paid for it.It’s insane.
>>28843928no, npcs are brainwashed into ONLY BUYING USED
>>28843928no. there is no shortage of brain dead subhuman retards lining up to "buy" (finance with a 5+ year loan @ 7%+ interest) a beat to shit car. this is what excess credit availability looks like, btw. it's the same reason why homes and college tuition are ludicrously overpriced.
>>28843957they need to be deported but they aren't making housing or cars or education unaffordable. there is no shortage of cars. prices are high because of excess credit availability. >>28844272 every brain dead subhuman retard justifies it as>WELL UHHHMMM -- I NEED A CAR TO GET TO WORK SO I.... I NEEEEEEED TO PAY $800/MONTH ON A LOAN SO I CAN GET TO WORK SO I CAN PAY FOR MY CAR SO I CAN GET TO WORK SO I CAN PAY FOR MORE CAR SO I CAN....another example: my 99% white hometown has seen year-on-year population decreases every year since like 1980. the number of middle class jobs have also declined, as local factories have automated away jobs and other employers have shut down. in spite of this, home prices appreciate in excess of overall annual inflation. it's because of excess credit availability driving up prices. you give a subhuman retard access to a massive line of credit and they immediately and recklessly use it to bid up the price of assets to the point of insanity.
>>28843928No. I was shopping used cars and realized that it was cheaper to get one brand new with a 3-year warranty than it was to buy one that was 4 years old with 50k miles on it.The dealer offered me an insulting $200 for my trade-in. Told them to forget it and ended up selling shitbox for $5500.Car prices are out of control and there's no such thing as a cheap car anymore.
>just two more weeks bro
>>28843928I think used car prices will be lower when new car prices are lower. Unfortunately, carmakers are only making new cars for rich people now. It has been decided for some time that the used car has replaced the affordable car, at least in the US.
>>28843949>15k for grandmas shitbox from 2001do americlaps really?
>>28844975It's really just the weird milennial boomers who would find some interest in this, and even they would spend the money on something else that would continue to appreciate or stay where it is, you better absolutely fucking love Avalons, because the only way the car has value is to find another retard who likes Avalons as much as you do.
>>28843928That car has 10k on it, you can get one with 110k for $3,000.
>>28843986The XL might have the bench seat and column shift which is obviously the most kino version.
>>28843988Lol, no, it's a Camry.Toyota parts are not particularly cheap, either.
>>28844985This, and having been driven, the 110K car will probably be less of a financial burden because shit has actually been done, nothing scares the fuck out of me more than a very old Honda or some reliable car with very low miles on it and just fluid changes done, you are diving headfirst into a car that is about to need everything if you start putting it into regular service, and paying a premium to do it. If it hasn't been serviced in it's long life, stay away from it, fuck the odometer being low, you should not be paying extra for a car that hasn't had any of the big shit done, a 20+ year old car should have a fucking binder of service records if the owner actually gave a shit, and that's the car you should be buying.
>>28843957Add they export old US cars to fix cheap in the third world
>>28844994Absolutely, low mile cars are for museums, anyone wanting a Camry with all the gaskets dried up is a moron.
>>28843928Holy shit I got my ‘00 Avalon for 2k as my first car. Only 80k miles on it, too. Has the market really 7x’d in 10 years?
>>28845040No, they're fishing for a sucker. Nice buy, that car will last you forever.
>>28845040>Has the market really 7x’d in 10 years?Yes, I think social media, and specifically short from content are meming old Hondas and Toyotas as things that you literally put gas in and it never needs anything, so the retards think an old car with an ancient power steering and cooling system that are about to blow out are worth a ton of money, only to have their heart broken once they find out their ultra based reliable old car they paid a ton of money for needs the fucking cooling system re-done due to age, suspension work because the control arms and shocks are shot, power steering work because the rack, pump, hose, or all of them are leaking or should be done due to age, timing belt and water pump job due to age, so on and so on you can spend a metric fuck ton on an old car... there's a reason these things depreciate, and it's normal.
>>28844990>it's a CamryThat's the point, more comfy than a Camry though
>>28845237I know, I have one. It's not collectible, it's ugly and slow.
>>28844278>prices are high because of excess credit availability. >>28844272 every brain dead subhuman retard justifies it as>>WELL UHHHMMM -- I NEED A CAR TO GET TO WORK SO I.... I NEEEEEEED TO PAY $800/MONTH ON A LOAN SO I CAN GET TO WORK SO I CAN PAY FOR MY CAR SO I CAN GET TO WORK SO I CAN PAY FOR MORE CAR SO I CAN....if everyone was buying an $800 per month (new or late model) car, that would create a glut of supply (and low prices) on low end cars, but instead we see both the low and the high ends of the market inflated
>>28845356you failed to understand what i wrote. excess credit availability driving up prices of assets is an established economic phenomenon. here's one example that looks at credit markets and its impact on the 1920s farmland boom and bust. https://www.federalreserve.gov/econres/feds/the-anatomy-of-a-credit-crisis-the-boom-and-bust-in-farm-land-prices-in-the-united-states-in-the-1920s.htm
>>28845625but nobody is financing a 20 year old shitbox, so those should be dirt cheap with demand going instead to late model and new cars being financed, but it's not.
>>28845632you're not understanding the supply and demand dynamic. new cars and used cars <10 years old and <100k miles generally qualify for financing, so they experience price inflation due to credit availability. low and middle income people can no longer afford these vehicles so they pivot toward shitboxes. the increased demand for shitboxes drives up the price of shitboxes. this price action is indirectly connected (but still connected) to credit markets. i know you're going to argue that there is a supply shortage because of the above commentary, but this isn't how economic shortages are defined. a supply shortage isn't the case of people wanting shit for cheap and the market not making cheap shit available.
>>28845645>everyone is buying A instead of B>therefor A and B are both increasing in priceOK got it, thanks for clarifying
>>28845649no, you didn't get it because in your head (i know how people like you think) you still believe that vehicles which don't qualify for financing are isolated from the effects of credit induced asset inflation.
>>28844975it's an avalon, not an echo or corolla
>>28845040nice work anon, I got my 03 avalon for 5K over 10 years ago. shes getting old now but its been a fun ride and she will last me until it rusts out. Sadly i havent had a garage to keep it in so the clearcoat is starting to bake out and the gloss sheen is gone but its okay. Honeslty I have no idea what car Id get next when this one goes. I look at early 10's avalons but that gets into the era of built in GPS screens which are effectively useless once there's no longer updates or tracking signals sent. if you start going newer then you get into all touchscreen consoles which I am also not a fan of
>>28843928No... from now on there'll always be less supply and more demand, progress is becoming harder and harder to achieve and people are more replaceable by the day, we'll always have less money and things will get more expensive.I hate living.
>>28843928>will inflation ever stop?
