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edhopper

(37,213 posts) Sat Feb 8, 2020, 06:49 PM Feb 2020

The price of used cars! [View all]

12 years ago I bought a 3 year old car for less the price of the car when new. I am looking to buy again but find that 3 year old cars are 75% to 80% of the new car value. In fact I can buy a new model of the same car, with fewer bells and whistles, for only slightly more than the cost of the used car. I thought used cars lost a significant amount of value? But things seem to have changed.

I know I would find people here with much more knowledge about this than I have.

Thanks for your comments.

24 replies

= new reply since forum marked as read

Highlight:

The price of used cars! [View all] edhopper Feb 2020 OP

We recently looked (2+ years ago), prices are pretty much what you found too. Used cars... SWBTATTReg Feb 2020 #1

Fewer people are buying new cars... Happy Hoosier Feb 2020 #2

I must be shopping in the wrong place my car cost $29500 new and now doc03 Feb 2020 #3

Cars are better now. They last longer as long as they are maintained... Wounded Bear Feb 2020 #4

It depends a great deal on what particular car you're wanting to buy. PoindexterOglethorpe Feb 2020 #5

I've got to agree with you - Hondas and Toyotas keep their value csziggy Feb 2020 #9

I bit over a year ago I went to buy a Honda Fit, fulling intending to buy brand new. PoindexterOglethorpe Feb 2020 #12

Yeah, if I were driving my Fit on the highway, I'd want a CD player csziggy Feb 2020 #13

I go on long driving trips several times a year. PoindexterOglethorpe Feb 2020 #17

I'm no goo9d withy audio books csziggy Feb 2020 #23

I'm on year 15 with my Chev. Trailblazer with no plans to replace it. ooky Feb 2020 #10

My 2006 C1500 agrees. Paid $16k new for a bare bones model. Added after-market alarm & remote start. X_Digger Feb 2020 #22

Yep, my 21 year old Saturn is the best car I have ever owned. I doubt if it sinkingfeeling Feb 2020 #24

Best deals are safeinOhio Feb 2020 #6

That's what my son says captain queeg Feb 2020 #7

Just be *extremely* careful about the loans. Initech Feb 2020 #8

I'm in the used car market myself. Dem2theMax Feb 2020 #11

I bought from Hertz. Xolodno Feb 2020 #16

That's the main reason I want to buy from them. Dem2theMax Feb 2020 #19

For me buying from a person, not a dealer is the way to go mitch96 Feb 2020 #14

May I make a suggestion... The Figment Feb 2020 #15

Thanks for all the edhopper Feb 2020 #18

Bought a new car DeminPennswoods Feb 2020 #20

At least ten years ago Silver Swan Feb 2020 #21