I’m in the market for a “new” car and used prices are clearly inflated.
Right now, I can buy a new car with a full warranty for a few hundred dollars more than a 2-year-old car.
In 2008, when I bought my last car, I got a 3 year-old SUV for about 40% of new($25k new for $11k), currently the discount is about 25%. I have seen ads for my current SUV with the same mileage (120k+) going for what I paid in 2008 — total insanity.
I’ve been buying used cars for 20+ years and can’t remember when it was a better value to buy new.
[...can’t remember when it was a better value to buy new.”
Never! I have a 2000 BMW, and a 2008 Hummer, both are awesome, too awesome to sell right now anyway! Both were purchased used.
If only gas prices weren’t artificially inflated!