Checked car prices and my 9 year old car went up in value since I bought it in 2022

Inflation is no joke

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Exact same car in Ireland is now €35k where it was €25k in 2021. And the salesman is trying to get me to upgrade to the latest year 😁 lol good luck with that pal. I'll take the sats equivilant please.

Same here: 35/40k is the new 25k.

Happened to me two years ago as well.

Prices are going up so fast it’s making deportations assets look like they’re appreciating.

Deportation assets? Or depreciating assets?

The layer. I suck at spelling and autocorrect got me.

Depreciating*

Same for my old Ford. Bought it in 2018 for 2500 EUR. Now it’s worth 3000 EUR.

I know someone who totaled her car at peak used prices after covid, pocketed the insurance payout for 2 years, then bought a newer model w/ max extreme package or whatever... and had $7k leftover

Dollars are fucking weird

no i did not. it went up in price, not value.

This is the norm in countries with high inflation. Cars become scarce because they are a better 'investment' than holding cash. New cars may become difficult or impossible to buy. Used cars tend to get repaired more because they are too expensive or difficult to replace.