Quote:
Originally Posted by ElectricManatee
I don't know what the used car market looks like right now, but when I had to replace my car six months ago, newer used cars and brand new cars were basically the same price. It felt weird, but we ended up buying a brand new car because it was essentially a better deal. Another odd consequence of Covid and the chip shortage.
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I've heard there's still a used car shortage, which is increasing their price. Depending on what your credit is like, Artie, you could end up better off getting a new car if they're offering any sort of 0% or very low interest deals for 5-year loans--if you wouldn't qualify or if those deals aren't around now (been almost 2 years since I was car shopping!), if it's almost the same price, it may be better to just get a new car, as they tend to have much longer warranties. And since he drives for his job, I wonder if it could be worth it to consider a hybrid? Not sure if they've adjusted his mileage payment to consider current gas prices (which are now $5 by me....)