One piece of evidence I learned today...the used car market is going strong because people aren't upgrading.
The place where I work leases four used vehicles per year, with less than 20,000 miles as a requirement. These are vehicles that were previously leased, or sold as someone wanted a newer model. All the dealerships in my moderately sized city were unable to find four.
Remember, cash is king in a depressed economy. Save now for some serious bargins
stuff like $80k trucks is why I have a 20 year old duramax with 300k
I'll never buy a new vehicle.
I'll never spend more than $4K for a used vehicle.
I'll never buy a vehicle that's so complex & electronic (or deliberately anti-DIY) that I can't repair it myself at low cost.
One piece of evidence I learned today...the used car market is going strong because people aren't upgrading.
The place where I work leases four used vehicles per year, with less than 20,000 miles as a requirement. These are vehicles that were previously leased, or sold as someone wanted a newer model. All the dealerships in my moderately sized city were unable to find four.