My transmission died last month.
Uncle said just buy a reliable used car like we used to.
I showed him what was available.
2015 Honda Civic. 140,000 miles. $13,500.
He said back in my day that would’ve been $4,000.
I looked it up.
Adjusted for inflation his $4,000 car is worth about $8,000 today.
The car costs $13,500.
So even with inflation it’s still 70% more expensive than it should be.
Then he told me I just need to negotiate better.
People are out here financing used cars for 84 months just to make the payment work.
Used cars with 100,000 miles on them.
On 7 year payment plans.
Just buy used they said.
Used stopped being the affordable option a long time ago.
Nobody updated the advice