With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
Seems about right. I rather continue keeping my current vehicle (2016) well maintained than to get a high interest loan with a overpriced price tag on a new OR used vehicle.
Seems about right. I rather continue keeping my current vehicle (2016) well maintained than to get a high interest loan with a overpriced price tag on a new OR used vehicle.
Seems right to me as well. I do buy new but always kept them until repairs cost more than the car is worth, generally 10-15 years in.
I’m sure someone willing to either do the repairs themselves or risk spending more, could keep my cars on the road even longer