To be fair, if you’re worried about spending a lot of money, maybe you shouldn’t be buying a brand new car.
Spending and value is relative. Yes, it makes more financial sense to buy used, but that doesn’t mean every new car purchase is a frivolous expenditure with unlimited funds. The Mirage is cheap enough that it’s main competition comes from used cars, especially since 2020. And someone has to buy new cars. The used car market literally depends on it. So if they don’t make cheap new cars, how would you buy cheap used cars? Just trust that the supply will be saturated to deflate competition?
I’m just saying it’s kinda silly to make 20k a hard limit.
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Because some people have to buy new cars for the used car market to exist. If the prices of new cars get too high, how will we get cheaper used cars?
In a lot of cases you can get a much better interest rate on a loan if you’re buying new, not to mention full warranty term.
In Australia id be lucky to get a 10yo Hilux for what Id pay for one of the brand new Chinese pickups, Id get about 5% better interest rate and a full 5 year warranty. Given that I can do some leasing stuff through work, I also cant lease a 10yo vehicle.
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