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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 1 comments | 29 Jun 25 15:59 UTC | HN request time: 0.224s | source
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sakopov ◴[30 Jun 25 03:15 UTC] No.44418940[source]▶
I was in the market looking for a used SUV for my wife to haul around our kids last year. Dealing with dealers who wouldn't budge even a few hundred off the inflated listing prices, the interest rates on financing and then the insane insurance costs was not pleasant. I have an old Subaru beater that I was also thinking about upgrading but after this whole fiasco I decided to spend some money to fix body and small mechanical issues myself and drive this thing another 10 years hopefully. It's just not worth it.
replies(2): >>44418953 #>>44419149 #
1. redwall_hp ◴[30 Jun 25 03:46 UTC] No.44419149[source]▶
Yeah, haggling over used cars is dead and buried. The market doesn't accommodate it in a world where there's more demand for used than ever.

1. More people got priced out of new cars.

2. More people are driving their cars longer.

3. Caravana and other online predatory loan machines are outpaying dealerships for cars, and flipping them for nearly credit card level interest rates.

Also, us millennials don't want to deal with that shit anyway. List the price, keep it near KBB value and you have a deal.