You can buy a new Honda Accord for $29,000 + tax. I bought one in 2000 for $20,000 so $9k inflation in 14 years. Even a better deal is the Toyota Corolla for $22k. Don't buy used my friends...unless you can get a screaming deal. Here is the used formula for pricing: 1st year subtract 20% and then 10% each year for the next 3 years so a 4-year-old car is worth about 1/2 of the new value.
@@rlans002 Show me an example where a used car is correctly priced using the formula above. Carvana has a 2021 Honda Accord with 65,000 miles for $24,500. You can buy the same car brand new with a 3-year warranty for only $5,000 more. You would be a fool to pay anywhere close to that for a used car with no warranty.
@@pointreyes4272 also where did you get that formula? lol. Half the price in 4 years? There’s other factors you have to consider like the condition and mileage.
Depends on the year and price and make and model of the used car. I'd buy a 15 year old Mercedes any day before I bought a brand new car. I don't care how much it is.
Sorry Democrats vote for prices to go down on things, not up. UP is a Republican thing. Like military spending up under them, like the national debt is up under them, the only thing that isn't up is social services or the national credit rating. Nice try though.
