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this post was submitted on 23 Apr 2024
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Still that's like 3-4 times most people's budgets for cars, if they even have a budget.
There are very few used cars for <$7,500 that aren't "As-Is" or should be labelled as such. I know the used ICE market has also softened a bit, but not that much.
When we were looking, I was considering a beater since our last car was a '05 Civic I bought with 120K km from a used car dealer for $5K (plus snow tires & rims). Before it was totaled, with an extra 180K km and over a decade of wear, it was worth more than that. EV prices are insane, but ALL car prices are insane.
Oh 100%, I'm just saying people struggle to even afford ICE used cars, let alone EV ones, that prices are just insane. 20k is like 5 months of rent for a family.