@5:40, used car prices will never go back to absolute 2020 levels. you have to account for inflation. $22k in January is equal to $27k today when adjusted for inflation. so, inflation adjusted we are back to 2020 levels
I agree, used cars will be driven mostly by what happens with new car prices which...is inflation as you suggest. . I think it depends on wages too, not just inflation. I really think the only way prices don't come back down more on the used market would be due to incomes rising to match the inflation. We are seeing incomes rise in some regards, but not enough and not anywhere close to car/house/goods prices. This is why you see the lowest sales numbers in years for October/November car sales in the U.S. If that continues, prices will drop a little more and incentives will start to expand to gas vehicles, and longer terms. If they start to sell the heck out of cars again early 2025, as you said, used prices probably won't budge much.
come on people. wake up. besides not being a good deal. 0% interest is a SCAM dealer charges you to much. takes part of that money. pays interest to the bank for the whole loan. you sell or wreck the car in the first month. the bank gets to keep interest for the full term of the loan. pretty good SCAM.
I think it does depend heavily on the price of the car. In some of these scenarios, if you get federal and state rebates for EVs, it lessens the blow and 36mo might be doable for some. I agree though, I generally like a longer term with 0% which might be coming soon for more vehicles.
Exactly what I was looking for ❤
Excellent video And appreciate you even putting in the used car values at the end of the video. Well done.
@5:40, used car prices will never go back to absolute 2020 levels. you have to account for inflation. $22k in January is equal to $27k today when adjusted for inflation. so, inflation adjusted we are back to 2020 levels
I agree, used cars will be driven mostly by what happens with new car prices which...is inflation as you suggest. . I think it depends on wages too, not just inflation. I really think the only way prices don't come back down more on the used market would be due to incomes rising to match the inflation. We are seeing incomes rise in some regards, but not enough and not anywhere close to car/house/goods prices. This is why you see the lowest sales numbers in years for October/November car sales in the U.S. If that continues, prices will drop a little more and incentives will start to expand to gas vehicles, and longer terms. If they start to sell the heck out of cars again early 2025, as you said, used prices probably won't budge much.
MERRY CHRISTMAS!
come on people. wake up. besides not being a good deal. 0% interest is a SCAM dealer charges you to much. takes part of that money. pays interest to the bank for the whole loan. you sell or wreck the car in the first month. the bank gets to keep interest for the full term of the loan. pretty good SCAM.
Where did you find that comparitive list? There were suv's I haven't heard of. Looking for a boxy suv.
$46,745 MSRP for a subcompact Italian SUV Dodge Hornet is insane
The Model 3 just updated so imagine that this why.
Zero insurance payments
i believe all those deals on evs are because evs are currently depreciating faster than gas powered cars.
i never seen a hornet out on the street.
they already at the shop getting a new engine or transmission
0% for anything less than 60 months is pointless in most cases
Naw you can invest the money in a boring index fund and get an average of 10% per year. Always finance at 0% if possible.
I think it does depend heavily on the price of the car. In some of these scenarios, if you get federal and state rebates for EVs, it lessens the blow and 36mo might be doable for some. I agree though, I generally like a longer term with 0% which might be coming soon for more vehicles.
0% for 36 months is laughable.
NEVER A VOLKSWAGEN..