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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
45 comments fedilink hide all child comments

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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[-] dhork@lemmy.world 7 points 1 year ago

That's basically a lease. Although it might not be a bad idea to lease an EV. It's basically a battery with wheels. The battery will die someday, and when it does you may be better off getting a newer car with newer tech vs. replacing the battery in your older one.

[-] TunaLobster@lemmy.ml 5 points 1 year ago

It's so incredibly wasteful though.

this post was submitted on 10 Aug 2023
145 points (94.5% liked)

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