$30k was an expensive car… 10 years ago. The average price for a new car topped $50k last month. $30k in my area would maybe get you a used car, probably two or three years old from a car rental company dumping old inventory with too many miles. The used car market still hasn’t calmed down after the component shortage that nearly halted new car production a few years ago. And since used car prices are still astronomically inflated, new cars can sell for whatever the hell they want and they’ll still have wait-lists.
Covid and post covid, used cars are insane. When I bought that car, I could have gotten a 2 year old version of it with 70k miles on it for 27k or a new one for 30. The loan was 0.9% so it didn’t make any sense to get the used one.
You should have read the rest, the car is paid off. You can do that if you are responsible with your money. That new car that I bought in 2019 was because I was driving 40k miles per year for work at the time and I needed something reliable after my last car started showing its age and left me stranded a couple times. It had 175k miles on it when I sold it after having 3 water pumps, 2 thermostats, 4 high pressure fuel pumps, a radiator, several cooling hoses, an oil cooler, and a clutch replaced, all done myself. The mid 2000s minis were not reliable cars out of warranty.
Yeah, I saw that $30k for a car and immediately dismissed everything this person said. I’ve never in my life paid more than $8k for a vehicle.
30k is not and expensive car. You’re doing great buying used, but that’s a low price for a decent new car.
$30k was an expensive car… 10 years ago. The average price for a new car topped $50k last month. $30k in my area would maybe get you a used car, probably two or three years old from a car rental company dumping old inventory with too many miles. The used car market still hasn’t calmed down after the component shortage that nearly halted new car production a few years ago. And since used car prices are still astronomically inflated, new cars can sell for whatever the hell they want and they’ll still have wait-lists.
Covid and post covid, used cars are insane. When I bought that car, I could have gotten a 2 year old version of it with 70k miles on it for 27k or a new one for 30. The loan was 0.9% so it didn’t make any sense to get the used one.
You should have read the rest, the car is paid off. You can do that if you are responsible with your money. That new car that I bought in 2019 was because I was driving 40k miles per year for work at the time and I needed something reliable after my last car started showing its age and left me stranded a couple times. It had 175k miles on it when I sold it after having 3 water pumps, 2 thermostats, 4 high pressure fuel pumps, a radiator, several cooling hoses, an oil cooler, and a clutch replaced, all done myself. The mid 2000s minis were not reliable cars out of warranty.