Checked car prices and my 9 year old car went up in value since I bought it in 2022
Inflation is no joke
Checked car prices and my 9 year old car went up in value since I bought it in 2022
Inflation is no joke
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.
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
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.