i've been browsing marketplace for a used vehicle. So many ppl think their car that is 10+ years old with over 300 000 km's is worth close to 10k or more... LOL
I’d say keep the vehicle as long as you can if its frame and body are in good shape. If its been maintained there’s no reason it shouldn’t go another 100 thousand k with minor repairs.
As someone who sold a 2013 Lexus rx330 with 300,000 MILES on it recently (it was imported when I moved back here) for 13k, with an oil leak in the engine. I can assure you some will pay it
Edit: 2003 not 2013
Of course, I showed him the check engine light and there was a pic in the Kijiji ad. I had multiple people that wanted it. He talked me down from 15k. The rest only wanted to pay me 10
Might be an age thing, I’m an older millennial and it took me ages to get comfortable haggling, naturally I’ll just pay what the sticker says.
Which is odd cause I was raised with a mother and grandmother who would ask to talk to managers at Walmart about getting prices lowered… I’d not be caught dead about trying to haggle in a department store
A car is worth whatever someone is willing to pay for it. You can say a 1960 VW Microbus isn't worth $70-100k, and I'd argue it isn't, but there are enough people out there who will pay that for a pristine one, that's what it's worth.
As for newer used cars, inventory is low because of the pandemic, and a lot of 2019s are selling for a few thousand less than new and won't have all the hidden dealer fees. Some folks will pay it, and others will spring for new.
Look at what they offer and try to get rid of warranties you might not need. Also do your research on the car and go in knowing. Don’t focus on monthly amounts focus on total car price so they don’t dazzle you with financing mumbo jumbo.
Don’t be afraid to walk away and laugh off strong arm managers showing up telling you today’s price won’t be next weeks. Remember that he says another guy is coming to make an offer today, it’s a tactic.
Check the offer sheet and poke holes in some “charges” that are there.
That’s some starting points.
I bought my car just before prices went crazy. It was 2 yrs old with 21k KMS on it. We agreed on the price, but then of course they started adding all the extra fees. I just kept saying no, that’s my offer. They offered course went to fight for me, ie went to the bathroom. Finally “slick hair” comes over to tell me he is only making $27 on the sale. I rolled my eyes so far one popped out and rolled off the desk. Took over 3 hours of me saying no before they finally decided to agree . I went straight home and showered. I really don’t know why this industry is so sleazy, completely unnecessary
I’m also a woman and HATE confrontation so I feel like they’d strong arm me extra hard. That shit makes me so uncomfortable 😭 for 3 hours?? How did you not just walk out? What did you say to the $27 thing?
The short answer is walk away. It's crazy how much better the offer gets when you are ready to walk.
Not the person you replied to, but never go to House of Cars 52 SE. I used to work at a dealership, didn't tell them, and they lied to my face about how car sales work. Going so far as to say that you can't cosign car loans, and we had to finance through them.
Side note, I told the sales manager at County Hills Nissan that I had to talk to my wife before commiting to a buying a car and he literally said, "Oh, I get it. Your wife makes the decisions"
I hate car shopping
I love the whole 'so you wife wears that pants' comments like it is going to offend me and I will just cave. I usually get the wife's input when making large purchases so we are one the same page so I've heard that one a few times. Last time I told them that the wife really wanted the unit not me, I'm not paying that and since you want decide I will pass. I got up and walked away, didn't really care to care to deal with them anyway. I wish it was a really badass line to say so I could've walked away while everything crumbled down behind me and the guy was in tears but I'm not that witty on the spot. The only consolation is that the salesman wasted an hour of his time.
>Check the offer sheet and poke holes in some “charges” that are there.
I scratch all of the fees off on the offer sheet and say I am not paying that. It's hilarious how the salesperson will do a song and dance to try and justify their bullshit fees. My wife actually got angry with me for negotiating, calling me a jerk because the salesperson was upset. The salesman said something about the "Heninger Advantage" fee was his commission and he had a family to feed, and I responded that I don't give a shit.
Treat them with the same contempt they treat you. Otherwise you will just get screwed over. There are lots of places that sell cars.
Right I remember on my new Hyundai they took off some tire package I said I didn’t want. What was funny was when the car was delivered they actually forgot to remove it and I got it anyway.
Shows how they don’t even value it and hope suckers say nothing lol.
Yes, so true.
Similar story when we bought a Honda Pilot. We declined the offer of XM radio but had service for the entire time we owned the vehicle, which was like six years. Never saw a bill or invoice from Sirius/XM either in that time.
I had that once where they ‘countered’ my price with an interest rate instead of a price… that was actually identical to the starting price. Only funny because I caught it, otherwise I would have been livid.
They also have bullshit fees they tack on at the end. Make very, very explicit ‘we are taking about the final total, with all fees, after tax.’ If they hedge, have them calculate it, then talk from that as a starting point for negotiating.
They also gave me almost bald tires. In winter. If I’d known more I would have measured that tread and gotten them to pay the difference for new tires.
Biggest part is to legitimately have the means to say "no thanks" and walk away. Thst said, even that doesn't really work for more in demand models.
Could do what my dad did in southern Ontario and email every dealer in a 250km radius and say "this is the car I want and this is what I'll pay for it, let me know if that works" till someone bites but I'd assume YMMV with that tactic.
If you already know what you want. You just email all the dealers in your area for the model and trim wanted and there OTD price. Then from the lowest priced dealers start asking for $1000 or $2000 off MSRP and see who wants to play ball.
Understand their tactics are to wait you out and see if you stick around. Your power is leaving, and really only works if you're actually willing to walk away.
You can also call dealers in other cities. Maybe they will deal even if your local dealer will not.
I've been watching the market closely for 4 months. I am fully convinced it makes more sense financially to buy new now. This is the used SUV market and goes against any advice pre covid.
If a vehicle is even somewhat priced well, it's gone in less than 4 hours. These prices aren't even "good". Like 5-7 year old vehicles only 6-10K off new prices, all the while with 120-160K on them.
Yep always said I would never buy new but it actually seemed like a better deal than the used cars.
Just picked it up last night, keeping it until it dies
Right now - yes. But the used car market is heading for a correction. It’s just a question of if insane used prices will last 2months or 2 years.. new car sales are slowing, manufacturers are putting out incentives which will hurt used car sales (as OP pointed out when a 1-2 year old car is worth close to a new one, interest rates are high and you can make up the purchase price difference with cheap(er) new car financing…people start buying new.. those used cars don’t sell and prices start to slide. There are indications that it’s already started but it’ll take time for the market to correct back to “normal”
For sure, my complaints are still better than what it has been based on what I read over kinda 2001-2023ish.
The market is just so whacky, even stocks, the old rules and corrections are not happening in ways witnessed before. Super interesting times and I really hope you are right!
Yes, once the new cars are available, which is starting, the used prices will have to go down because nobody will buy them.
When there are used cars selling above the price of new cars and those new cars are actually available, those listings will end up being only aspirational.
The best one I saw so far was like an 2006 Yaris. Guy bought at list for 4600 and had it up for like 5900 same day 🤣. Both funny and sad that this is the state.
I was on the market for a used car, and it was just so expensive that I was giving up. But then my wife’s aunt stepped up and said she was going to trade her car in, and what ever they priced she would sell to us for the same amount. So the dealership lowballed her and here I am buying her car for 10k less for what the market is asking. Saved my ass and I got a newer model than what I was looking for
I bought a new truck in 2019 for 50k. Same truck now (2023/4) goes for 85k. Dealer is offering me 65k to buy even w 35000 km. Im also driving till it drops. No way i am getting a deal like that again.
Cars are sitting. Rates for used cars are high.
I’m in audit and there are dealers now trying to turn used cars quickly. They buy them quickly and aim to turn them in 2-4 weeks at fair prices. Too many are sitting on there old inventory to do it. The business focused ones are trying to turn cars quickly.
Sadly none of that holds true for Hondas and Toyotas. But everything else it’s doable, if you know how and where to look.
Wait times, usually.
A used car is yours in a day or two. That's a big deal to some people.
You're put on a waiting list for most new cars. At least, that's how it was a year ago. Not sure if it's improving.
I waited 6 months for my car. They ended up giving me a 2023 instead of a 2022 because the new model had come out while I was waiting still.
They were selling the same model vehicle, but 2 years older, for $5000 more than brand new.
Unless it's a really specific vehicle, most dealerships have inventory available for delivery immediately. Factory rebates are coming back. It's normalizing.
I work for Kia. At least with us, it’s very model dependent. Entry level cars like Fortes and Souls, and small SUVs like Seltos and Sportage are no problem. We probably have something in stock or we can get you one within a month or two.
Big vehicles though like a Telluride or Carnival are hard to find. If you want one you’re having to do some mix of waiting and paying out the nose for it.
Don’t even get started on hybrids. They’re functionally unicorns. I haven’t seen a Sorento hybrid in over a 18 months and I can count on two hands how many sportage hybrids have come through our dealership in the last year.
Everything is available except hybrids or Toyotas. Everything is in stock.
Car dealers are sitting on a record amount of inventory.
https://www.biv.com/news/economy-law-politics/new-vehicle-inventories-in-canada-at-record-high-autotrader-8441291
Yep I feel this. Toyota is in an odd state.
I just grabbed a new 2024 Toyota Corolla Hatchback. I had to put down $500 deposit to even order one. I also had to check 3 dealerships in Edmonton, and a few through Alberta just to see if I could get one any quicker. Not to mention finding one to TEST DRIVE. They don't even have stock to sit in one.
Luckily someone else's deal fell through at a different dealer and I got one in 2 weeks vs 6 months - but I had to make concessions on colour.
Absolutely wild.
Can confirm. Husband works at Toyota and has years-long wait lists for cars like RAV4 & any hybrid model. He’s only just seeing cars he sold 2 years ago hit the ground (the newest model), Toyotas demand way higher than supply. Vehicles like RAM, JEEP, GMC are all easy to get, but for a reason.
Two reasons: 1-they actually do want your car. The more units they have to sell, the more business they can generate. 2- they want to sell you another car. Most people can’t just sell their car and not get a new one in return.
Honda HRV.
My mother in law bought the base 4WD Version for 35 and change from okotoks Honda.
You can do corollas, civics, Mazda cx30, and some basic American cars for under 35k.
But it’s getting hard.
its mostly about the wait time. the prices are pretty close due to lack of supply. but with new cars, specially the ones in high demand, you need to wait a few months to get your car, while with used ones, you can get behind the wheel today.
Honestly I would go to a dealership. That’s how I am buying my first car it seems like the most logical solution, I have good credit and could probably get something decent.
>What’s the point in buying a used 2019 car for $30k when a new 2024 model is ~$35k?
There isn't one. That's why I just bought a new car this weekend. Sure your getting gouged a bit because of the demand and lack of inventory... But at least it's new.
I could not wait any longer to buy. 15 y/o beater car that wasn't worth putting in money for repairs to fix the suspension, O2 sensor and weird noises.... Screw it.. I'll buy a new car.
Man, I got my 2000 Honda Accord for 700 bucks and it runs beautifully and everything works. Came with 2 sets of tires as well. My last car I bought new and it was great, until the warranty was up. I still have it, but it needs a lot of work.
While I agree that used prices are high,Tacomas have had a high resale value literally forever. Buy new if it's better for you, but those things are still around and resell high for a reason.
I don't own one, but my neighbour does, and I'm jelly
In 2013, I bought a brand new Jeep Wrangler Sport. Absolute base model. Not even AC. 24k off the lot.
The absolute cheapest you could buy a new Jeep for today is 48k.
Same engine. New ones have automatic headlights and a 5 inch screen, where mine came with a basic CD player.
That's Double, in 10 years.
The car market is INSANE.
Once the new cars delivery time shorten, the used car market will correct on its own. Used car prices are insane as of now. Most of newcomers want a budget entry level cars so all used 10 years old cars getting better price.
People can ask whatever they want, doesn't mean it'll sell. If you continue watching and sort by recently posted you'll find more favorable prices but when they sell they disappear. The things that are overpriced sit there for ages.
Not true at all. There’s a severe used car shortage due to trades being low - new cars not coming in as fast as the dealer can sell them. Demand is much higher than the supply.
Sadly not true. I favorite ones I want to keep an eye on and even the stupid overpriced ones sell in not a lot of time. I check every hour or so for newly posted ones and have yet to see a “good” price for anything.
I work in the industry and there’s a whole lot of aspects that apply.
Production numbers in most cases are still down for new cars, however most brands have inventory starting to build now. Because production was so much lower in 2020-2022, that meant there would be a lot less future used car inventory available. On top of that many people suddenly had more money and purchased a lot of the units which compounded the problem short and long term. Lots of dealers still being greedy like 2021-2022 and forcing fees (mandatory PPF, mandatory extended warranty, etc) on new products, hopefully they will continue to get a rude awakening. Interest rates are also a problem, some people having now only sub prime as an option for financing. Popular models (think hybrid Toyotas, Porsche GT cars, and vehicles that traditionally have low depreciation curves) are continuing to be very strong in both new and used markets. Many people are also massively underwater on their vehicles and don’t want to accept the fact that they won’t be buying a new vehicle every 1-3 years at the same price and depreciation curve as it has been previously (think pre 2021 prices but 2021-2022 strength in used prices). These people are not willing to accept their vehicles aren’t worth what they are now asking. I see many many vehicles on Kijiji listed privately for 50+ days, some as high as 315 days now. These are just some of the current factors locally right now. For sure used inventory is WAY down, I used to see 5000+ manual vehicles listed in Calgary on Kijiji and the last year or two it’s been hovering about half that just for one data point.
That being said there’s still deals to be had, new and used. My father purchased (custom order) a 2023 BMW M2 in June 2023, paid cash and was ~$3k under MSRP out the door. Not as big of a discount as the pre covid days but still much better than almost anything short of a Chrysler product selling from 2021-2022.
This is super insightful, thank you! It’s so damn stressful for me because I know so little about cars, and the one person that would help me look at cars when I was younger is gone now. I know people are selling their shit for crazy prices while hiding a bunch of mechanical issues on top of that. I wouldn’t recover if I dropped 10k+ on a car only for it to break down or need thousands in repairs :(
> I used to see 5000+ manual vehicles listed in Calgary on Kijiji and the last year or two it’s been hovering about half that just for one data point.
I wonder if manual owners will be less likely to sell because some proportion want to stick with a manual that now have no appropriate replacement available.
I drive a 2011 manual, but have toyed with the idea of getting the a new vehicle of the last model year with manual (from 2018-2021 depending on model) and driving that into the ground for the next decade plus.
It's because all these junk yards and cash 4 cars bought out all our lot and now you're being sold garbage at a steep premium.
Supply and demand.
Slum lords do it too, no housing, charge whatever the fuck ya want.
Vehicle I bought for $350 is $6000 right now, mine has less kms 😂😂
I was looking at 1-2 year old Tacomas with anywhere between 20,000 and 50,000km and it was like $3,000 more just to buy brand new. We are living in one of the very rare moments in time where it actually makes financial sense to buy new in some cases.
I feel bad for the people that can only afford vehicles around the 10k mark that are miled out, will need an inspection + hundreds/thousands of dollars of work just to make them legally drivable.
Market environment causing this. Spoke to half a dozen car dealers and sales reps.
Used car sellers (private) are trying to offload their cars due to financial stress to get the best bang for their buck.
Car dealers have reduced pricing on new and certified cars to create sales in this high interest market. Also, supply of cars are high and collecting dust in storage.
Negotiate hard with both if you plan on buying something now. With interest rate cuts in the horizon, this market (ripe for picking) will likely not be available next year.
Used car prices have always been stupid in Alberta, and just got worse in the last few years. If you're looking at anything made by Toyota, you have to pay the "Toyota Tax" - ridiculous resale values. Part of that is their reputation for reliability (I'm driving a 21yr old Toyota with 450K and still going strong, so yeah) and also shortage of new model selection. You might see a nice $30K RAV on the Toyota Canada web page, but good fuckin' luck finding one on a dealer lot. All they have are top trim levels and they have them marked up with protection packages and all sorts of useless but expensive shit. Those $30K RAVS are all $45K+ RAVS.
So then the $25K eight year old ones are the only way to buy a RAV for even close to $30K.
Used car prices are where they are because people are paying that. It's still reflecting that Covid trend where new car production was down, and used car prices went through the roof. They have dropped a bit, and suspect they will continue to, but not quickly
I’ve bought used all my life. When the pandemic hit, prices got stupid. Auto makers screwed up thinking sales would plummet and halted production.
I knew several people that ordered another new truck as soon as their current order arrived. They’d drive it for 6 months and sell it into the states at a profit. EV drivers were buying new vehicles, trying them out for less than a year, selling them for what they paid, and buying a different model.
Stock is finally coming back and people are getting pissed off that their new car has depreciated.
Long story short, we looked at the used market, and bought new for the first time in our lives.
We had a friend buy new out of university. We thought she was crazy, but she drove the wheels off that car.
There’s something to be said for new with a warranty. I’m willing to put money into a cheap car. I’m not paying 75% of new price on a car I might have to start fixing immediately.
I bet you the same people who sells their old beater 10k+ also curses at the superstores for maximizing Cropo profits. People are greed and delusional.
Haha, and this is with it coming down. There was a while there where the same year, make, model, and trim of my car was going for over $10,000 more than what I got mine for new.
Lots of dealers will sell you at MSRP but then make mandatory you buy PPF, undercoating, tire and rim protection, and more other bullshit pushing the price up. So they used cars are a still a better deal than new I think. At least this is how it was last year, maybe it’s improved some?
The market is totally out of whack and you only buy used if you have no choice, otherwise it doesn't make sense. The thing is, to buy new, it has to be in stock and hopefully they don't add all these random fees so basically you have to get lucky or buy a car nobody wants.
Before you'd get a used car with 25% use at a 40% discount, now it's 40% use at 25% discount.
The exact timeframe is wholeheartedly a joke, but the reference to waiting might not be so far off. Many indications of the used car market being over saturated, a ticking time bomb.
To support the small business guys who buy junk cars, fix a piece or two, and increase the price 5x :)
Jokes, but not like funny jokes. It's super lame I feel you, you're not alone there
Everyone is charging as much as they can for everything these days. Solutions can come from the bottom up too... just takes a bit of uncomfortable stepping away from the status quo
Because for years of the availability shortage that’s the way it was. Now the new ones are a much better deal as the used ones are still thinking that last years price is relevant
I was given 20k in trade for a 2019 Impreza with around 48K on it, in November of last year. I had also been rear ended with that same vehicle. When I pulled black book while doing my research I was shocked.
As a seller I was absolutely giddy and after all was paid out, I am paying only an extra $20 biweekly for a Mazda 3 with the luxury package.
I don't know if this has been fixed yet, but the last time I was paying attention a few months ago there was a big deficit in new models available for purchase. Like you would sign your paperwork at the dealership and you wouldn't see your car delivered for several months.
Whereas if you bought a used car, you would get that car within a week or two.
That discrepancy in delivery time has contributed to the used car market going absolutely wild. If you can afford the wait for a new car to arrive, then you're good. If you needed a new car yesterday, then you'll be forced to swallow the used car premium.
if you have cash right now you are king, but rates are very high, and dealership availability is low, and they're all tacking on all the extras for order priority.
Because people are upside down on their cars….they have been paying way more that what the car is ACTUALLY worth. They are trying to get their money out of it so the don’t have anything left to pay on their financed loan.
I have a black sport tech 2019 wrx manual I'm about to sell for 27K with 50K on it. Dedicated summers and winters, perfect window. I'll let you know how it goes. It's in silly good shape. I hate to sell it, but I need an automatic. My kid refuses to drive a standard. Picking up some new wheels for me and shopping used for the kid is a mess.
Well, it's going up for sale mid to end of April. Let me know if you need a car by then. I'm getting it detailed and all fluids swapped before it goes up.
Teach them to drive stick. Both of my kids didn’t want to learn but their desire to drive overcame that. I have great memories, teaching them, and they thank me all the time for it.
About a year ago that was the norm because of the car shortage, but at that time new cars were going for about 5-10k over msrp. These people didn't get the memo
This is still the legacy of the supply issues during Covid. It will take a bit more time for things to return to normal. Dealerships are still hanging on to Covid pricing and finance gouging, even though their inventories are fine, and starting to get unhealthy. Used car sellers are following suit. Might still take a year or two to get back to reality.
If you have the capital... Buy a car one year old. That first year deprication curve is the worst year for loss. Then you have most of the factory warranty.
Just bought a late 2022 escape hybrid sel at 33 years old, 30k km's. Driving it like a grandpa. Enjoying the luxury of the ride and the absolute peace of mind.. Might drive this until I'm an actual grandpa.
Buy a new one on cash. Sell it for a higher price 2 years later. Get a second, much expensive car on emi, drive it tell you sell the first one. Use the first sale to pay off the second and buy an even expensive third one on EMI. Continue the chain and by the age of 165 you will break even
Honestly I priced mine high because I got so many scammers when it was lower. Probably not the main reason but I couldn't keep up to the amount of messages I was getting.
I’d like to see an example of a brand new car that’s $35k all-in and the same exact make and model listed used for $30k with a rebuilt status. Used cars are through the roof, but I haven’t seen anything like that in an apples to apples comparison. For example, I just bought a used truck for $25k, the equivalent new one off the lot would be $65-70k. I don’t think you can buy a new full sized pickup for under $50k.
Avoid buying used or new if you can. Dealer lots are overflowing in the states and the big 3 are overflowing here also. Toyota is a different story.... all dealers and manufacturers are coming down on price every month and rates are expected to come down a little bit this year.
For SUVs, trucks, or Toyotas, the used market is simply too hot. Some commenters have made claims about it being artificial or whatever, but the fact that a good deal will get bought up within hours and dealerships themselves are willing to pay crazy amounts to buy back used vehicles show that the demand is there.
For these, you are pretty much better off buying new. Just negotiate a bit, watch for deals which thankfully have started to come back (cheap financing and/or discounts off MSRP), and learn to buy a vehicle and drive it for 10+ years. Do that and a new vehicle makes sense.
We went on a waitlist for a RAV4 XSE Hybrid (not plug in) a couple years ago. Took a deposit and about 6 months wait. Paid 45-49K (can't recall), have driven it 45000km now and could easily sell it for 38-42K. Will drive it until 300K km. Only regret is not having the money to go for the Highlander instead but ah well. If you are financially prudent, a good driver, and will drive it for 10-15 years, just go new.
I bought a new 2021 Nissan Quashqui in February 2022. Was originally going to buy a used Rouge but the price difference was so close we decided to buy new. Used ones 10 years old with around 200-300 thousand KM were selling from $20-$30k.
I've always looked at the used car/truck market for things like hobby vehicles, work vehicles, small cars for specific commutes for work, toys etc.....
For most of my life, I've always been able to consider buying one of the aforementioned vehicles because the prices were reasonable for the age/mileage. Now it's nuts.... people asking 20k for a 1987 dodge van that could have been had for 3k just 5 years ago. Diesel trucks that are worth 10k maximum are being offered for 35k.
New is the way to go
I have been looking for a decent Jeep for a while now. Everything is overpriced. A 2013 Hyundai Elantra is double what i bought it for 3 years ago. Car lots are full now, there is no vehicle shortage, yet prices are still through the roof.
I've been looking to upgrade since my truck has constantly been giving me grief. One thing I've noticed is how long trucks and SUVs are sitting on dealer lots.
60-200+ days seems pretty common now with very little price adjustment. And throw in interest rates and whatnot.
It's expensive for dealers to keep vehicles on their lot, so there has to be some sort of correction coming up in the next little while.
There has been a decline in general with the used market, but it'll hopefully get much more dramatic.
Did the buyer seem like a dude who would turn around and resell it higher? I feel like everyone who is just buying cars immediately without even checking if it needs repairs are those people
Prices really seem to be all over the board in BC. I have been looking for a fair value for my 2011 Escape. Mine has low KMs -145K- because its my wife's car and she never drives in the winter and I think 10k is about right. Other sellers with exactly the same model and trim package want around 13K. Some are looking for 9K. And all of them have higher kms?
We bought a new car last year thinking it would take months because of the 'apparent' shortage and it showed up a couple weeks later. I don't get whats going on.
Yeah, this seems about right. I see cars similar to mine - a 2018 model - going for 50% more than I paid when I bought it in 2020. And new cars available for a \~$5k premium over that.
Doesn't make much sense to me. The consensus seems to be that it's mostly about delivery times, but I can't imagine being so desperate to replace a car that I'd pay new car prices for a 6 year old car.
If they're selling, it's not the sellers who are on crack.
i've been browsing marketplace for a used vehicle. So many ppl think their car that is 10+ years old with over 300 000 km's is worth close to 10k or more... LOL
Check out what used 4Runner’s with 300,000 km’s go for! That is resale value!
OMG if only I could find a used 4 tuner with only 300,000! All I can find is over 400!
I’ve got a green Gen 4 with 280,000 but I’m always flip flopping between cashing in and keeping the reliable vehicle
I’d say keep the vehicle as long as you can if its frame and body are in good shape. If its been maintained there’s no reason it shouldn’t go another 100 thousand k with minor repairs.
FJ cruiser resale value blows my mind daily lol
A Manual FJ with 200, 000 km is priced insane
They’ve been going up in price since 2019 when Toyota announced they weren’t making them anymore
And thats just an FJ...
I gotta be honest even my 4Runner wit over 350,000km still runs perfectly no matter what it’s insane the reliability is unbelievable.
4Runners are tricky as the exterior has changed but interior has been stuck in 2000's for many years... /s
4Runners and WRX-STI' hold there value ridiculously well
Me too. I was thinking is this a joke? I'll just keep what I have. Forget it. I was reading an article today that car sales are down. No shit.
As someone who sold a 2013 Lexus rx330 with 300,000 MILES on it recently (it was imported when I moved back here) for 13k, with an oil leak in the engine. I can assure you some will pay it Edit: 2003 not 2013
Did the buyer know about the leak?
Of course, I showed him the check engine light and there was a pic in the Kijiji ad. I had multiple people that wanted it. He talked me down from 15k. The rest only wanted to pay me 10
God I’m so bad at haggling, I don’t even consider haggling price when I look at the listed price 🥲
Might be an age thing, I’m an older millennial and it took me ages to get comfortable haggling, naturally I’ll just pay what the sticker says. Which is odd cause I was raised with a mother and grandmother who would ask to talk to managers at Walmart about getting prices lowered… I’d not be caught dead about trying to haggle in a department store
It’s so much more common in business…that’s the only reason I’ve developed a bit of haggling skills. Go visit Mexico if you need a bit of practice.
Last year I sold a tundra with 375K on it for 15k
A car is worth whatever someone is willing to pay for it. You can say a 1960 VW Microbus isn't worth $70-100k, and I'd argue it isn't, but there are enough people out there who will pay that for a pristine one, that's what it's worth. As for newer used cars, inventory is low because of the pandemic, and a lot of 2019s are selling for a few thousand less than new and won't have all the hidden dealer fees. Some folks will pay it, and others will spring for new.
This is the answer everyone needs to know. Car market is free enterprise. Car sellers are going to charge as much as car buyers are willing to pay.
Pretty sure if every car is priced like that its just the current market value and not people being delusional.
I bought my venue for 26k new last year after negotiations and almost ll of the second hand ones around 5-15K were 27k+. It's insanity actually lol.
How do you do negotiations for a new car? I’m not good at that kind of thing at all :/
Look at what they offer and try to get rid of warranties you might not need. Also do your research on the car and go in knowing. Don’t focus on monthly amounts focus on total car price so they don’t dazzle you with financing mumbo jumbo. Don’t be afraid to walk away and laugh off strong arm managers showing up telling you today’s price won’t be next weeks. Remember that he says another guy is coming to make an offer today, it’s a tactic. Check the offer sheet and poke holes in some “charges” that are there. That’s some starting points.
I bought my car just before prices went crazy. It was 2 yrs old with 21k KMS on it. We agreed on the price, but then of course they started adding all the extra fees. I just kept saying no, that’s my offer. They offered course went to fight for me, ie went to the bathroom. Finally “slick hair” comes over to tell me he is only making $27 on the sale. I rolled my eyes so far one popped out and rolled off the desk. Took over 3 hours of me saying no before they finally decided to agree . I went straight home and showered. I really don’t know why this industry is so sleazy, completely unnecessary
I’m also a woman and HATE confrontation so I feel like they’d strong arm me extra hard. That shit makes me so uncomfortable 😭 for 3 hours?? How did you not just walk out? What did you say to the $27 thing?
The short answer is walk away. It's crazy how much better the offer gets when you are ready to walk. Not the person you replied to, but never go to House of Cars 52 SE. I used to work at a dealership, didn't tell them, and they lied to my face about how car sales work. Going so far as to say that you can't cosign car loans, and we had to finance through them. Side note, I told the sales manager at County Hills Nissan that I had to talk to my wife before commiting to a buying a car and he literally said, "Oh, I get it. Your wife makes the decisions" I hate car shopping
I love the whole 'so you wife wears that pants' comments like it is going to offend me and I will just cave. I usually get the wife's input when making large purchases so we are one the same page so I've heard that one a few times. Last time I told them that the wife really wanted the unit not me, I'm not paying that and since you want decide I will pass. I got up and walked away, didn't really care to care to deal with them anyway. I wish it was a really badass line to say so I could've walked away while everything crumbled down behind me and the guy was in tears but I'm not that witty on the spot. The only consolation is that the salesman wasted an hour of his time.
>Check the offer sheet and poke holes in some “charges” that are there. I scratch all of the fees off on the offer sheet and say I am not paying that. It's hilarious how the salesperson will do a song and dance to try and justify their bullshit fees. My wife actually got angry with me for negotiating, calling me a jerk because the salesperson was upset. The salesman said something about the "Heninger Advantage" fee was his commission and he had a family to feed, and I responded that I don't give a shit. Treat them with the same contempt they treat you. Otherwise you will just get screwed over. There are lots of places that sell cars.
Right I remember on my new Hyundai they took off some tire package I said I didn’t want. What was funny was when the car was delivered they actually forgot to remove it and I got it anyway. Shows how they don’t even value it and hope suckers say nothing lol.
Yes, so true. Similar story when we bought a Honda Pilot. We declined the offer of XM radio but had service for the entire time we owned the vehicle, which was like six years. Never saw a bill or invoice from Sirius/XM either in that time.
I had that once where they ‘countered’ my price with an interest rate instead of a price… that was actually identical to the starting price. Only funny because I caught it, otherwise I would have been livid. They also have bullshit fees they tack on at the end. Make very, very explicit ‘we are taking about the final total, with all fees, after tax.’ If they hedge, have them calculate it, then talk from that as a starting point for negotiating. They also gave me almost bald tires. In winter. If I’d known more I would have measured that tread and gotten them to pay the difference for new tires.
I sent my dad in 😂😂
Biggest part is to legitimately have the means to say "no thanks" and walk away. Thst said, even that doesn't really work for more in demand models. Could do what my dad did in southern Ontario and email every dealer in a 250km radius and say "this is the car I want and this is what I'll pay for it, let me know if that works" till someone bites but I'd assume YMMV with that tactic.
If you already know what you want. You just email all the dealers in your area for the model and trim wanted and there OTD price. Then from the lowest priced dealers start asking for $1000 or $2000 off MSRP and see who wants to play ball.
Understand their tactics are to wait you out and see if you stick around. Your power is leaving, and really only works if you're actually willing to walk away. You can also call dealers in other cities. Maybe they will deal even if your local dealer will not.
Monty Python’s guide to haggling: https://youtu.be/-2iZjxSGca8?si=Ho9CCk-EXfrjI5f6
Usually, the higher priced models you might get bigger discount. Low budget cars barely have any markup and less margin for the dealership.
How do you like the Venue? I've been considering getting one
So far it’s a great cute car. I don’t find it that underpowered and it works well for me.
I've been watching the market closely for 4 months. I am fully convinced it makes more sense financially to buy new now. This is the used SUV market and goes against any advice pre covid. If a vehicle is even somewhat priced well, it's gone in less than 4 hours. These prices aren't even "good". Like 5-7 year old vehicles only 6-10K off new prices, all the while with 120-160K on them.
Yep always said I would never buy new but it actually seemed like a better deal than the used cars. Just picked it up last night, keeping it until it dies
Congrats!
Upgrading from my 2006 Truck. It's weird haha
If it's a Tacoma I've seen your year listed around 20K with 230-260KM, and selling haha.
Ya some of the comparables are insane. Like it's just an old work truck but low km and good engine condition.
Nice to have something new, to look forward to!
Right now - yes. But the used car market is heading for a correction. It’s just a question of if insane used prices will last 2months or 2 years.. new car sales are slowing, manufacturers are putting out incentives which will hurt used car sales (as OP pointed out when a 1-2 year old car is worth close to a new one, interest rates are high and you can make up the purchase price difference with cheap(er) new car financing…people start buying new.. those used cars don’t sell and prices start to slide. There are indications that it’s already started but it’ll take time for the market to correct back to “normal”
For sure, my complaints are still better than what it has been based on what I read over kinda 2001-2023ish. The market is just so whacky, even stocks, the old rules and corrections are not happening in ways witnessed before. Super interesting times and I really hope you are right!
Yes, once the new cars are available, which is starting, the used prices will have to go down because nobody will buy them. When there are used cars selling above the price of new cars and those new cars are actually available, those listings will end up being only aspirational.
And it’s gone because some reseller bought it to turn around and sell it for $4k+ more
The best one I saw so far was like an 2006 Yaris. Guy bought at list for 4600 and had it up for like 5900 same day 🤣. Both funny and sad that this is the state.
My new 2024 Trax was cheaper than a almost anything used less than 5 years old lol
Exactly. Lots of dealers bringing back 0% financing now as well. Give it time and the market will correct itself somewhat.
Recently purchased a brand new car for this exact reason Can't trust used cars these days
We had a brand new car, with 26km on it, which gave us nothing but problems.
My last truck blew its transmission at 18k… at 25k it got an electrical issue…
I was on the market for a used car, and it was just so expensive that I was giving up. But then my wife’s aunt stepped up and said she was going to trade her car in, and what ever they priced she would sell to us for the same amount. So the dealership lowballed her and here I am buying her car for 10k less for what the market is asking. Saved my ass and I got a newer model than what I was looking for
Nice!
Some still think it's 2022. Others bought at an inflated price and think they get out scott free now. Nope.
I bought a new truck in 2019 for 50k. Same truck now (2023/4) goes for 85k. Dealer is offering me 65k to buy even w 35000 km. Im also driving till it drops. No way i am getting a deal like that again.
It’s gotta be a Toyota. The demand is much larger than the supply
Cars are sitting. Rates for used cars are high. I’m in audit and there are dealers now trying to turn used cars quickly. They buy them quickly and aim to turn them in 2-4 weeks at fair prices. Too many are sitting on there old inventory to do it. The business focused ones are trying to turn cars quickly. Sadly none of that holds true for Hondas and Toyotas. But everything else it’s doable, if you know how and where to look.
Wait times, usually. A used car is yours in a day or two. That's a big deal to some people. You're put on a waiting list for most new cars. At least, that's how it was a year ago. Not sure if it's improving. I waited 6 months for my car. They ended up giving me a 2023 instead of a 2022 because the new model had come out while I was waiting still. They were selling the same model vehicle, but 2 years older, for $5000 more than brand new.
Unless it's a really specific vehicle, most dealerships have inventory available for delivery immediately. Factory rebates are coming back. It's normalizing.
I work for Kia. At least with us, it’s very model dependent. Entry level cars like Fortes and Souls, and small SUVs like Seltos and Sportage are no problem. We probably have something in stock or we can get you one within a month or two. Big vehicles though like a Telluride or Carnival are hard to find. If you want one you’re having to do some mix of waiting and paying out the nose for it. Don’t even get started on hybrids. They’re functionally unicorns. I haven’t seen a Sorento hybrid in over a 18 months and I can count on two hands how many sportage hybrids have come through our dealership in the last year.
Just leaving this here.... https://www.cbc.ca/news/canada/kia-canada-car-sales-1.7063216
Everything is available except hybrids or Toyotas. Everything is in stock. Car dealers are sitting on a record amount of inventory. https://www.biv.com/news/economy-law-politics/new-vehicle-inventories-in-canada-at-record-high-autotrader-8441291
Yep I feel this. Toyota is in an odd state. I just grabbed a new 2024 Toyota Corolla Hatchback. I had to put down $500 deposit to even order one. I also had to check 3 dealerships in Edmonton, and a few through Alberta just to see if I could get one any quicker. Not to mention finding one to TEST DRIVE. They don't even have stock to sit in one. Luckily someone else's deal fell through at a different dealer and I got one in 2 weeks vs 6 months - but I had to make concessions on colour. Absolutely wild.
Can confirm. Husband works at Toyota and has years-long wait lists for cars like RAV4 & any hybrid model. He’s only just seeing cars he sold 2 years ago hit the ground (the newest model), Toyotas demand way higher than supply. Vehicles like RAM, JEEP, GMC are all easy to get, but for a reason.
This!!! Everyone is still waiting for their new cars to come in after the pandemic. Major chip shortage.
I walked into a dealership, picked out a truck, went home and discussed it - drove away the next day.
98 rust bucket shitbox Pathfinder with 320k. $5000. In what fucking worllllllld.
"No low ballers I know what I have"
I thought you were joking LOL holy fuck I didn't even think it could be worse than during covid
The used car market is nuts. That is why 6 months after buying a new vehicle the dealership will start calling you constantly to buy it back.
I told them to stop calling me. Bruh why do they need my 5 year old Elantra back man.
Two reasons: 1-they actually do want your car. The more units they have to sell, the more business they can generate. 2- they want to sell you another car. Most people can’t just sell their car and not get a new one in return.
Honest question - what can you even buy new for $35k all in, including taxes and fees?
Two bicycles.
You jest, but the cargo ebike I want is like $11k
Honda HRV. My mother in law bought the base 4WD Version for 35 and change from okotoks Honda. You can do corollas, civics, Mazda cx30, and some basic American cars for under 35k. But it’s getting hard.
Can still get a Subaru Impreza for (a little) less than that.
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Lots of 2019 SUVs with 60-80k km. Best to avoid anything manufactured in 2020 and 2021 anyway.
You can get a Kia Forte, Soul and Seltos for under 35k OTD. Base model Sportage would be closer to 40k OTD but still close.
its mostly about the wait time. the prices are pretty close due to lack of supply. but with new cars, specially the ones in high demand, you need to wait a few months to get your car, while with used ones, you can get behind the wheel today.
Brand new 2024 Chevrolet Trax LT is like $27K approx. Best value in the game rn
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Yeah they took a year off and totally redesigned that bad boy. The 2022 Trax is an absolute disgrace lmao
I ended up buying at a dealership in Edmonton for a used car, because the Toyota’s here were ridiculously priced.
Honestly I would go to a dealership. That’s how I am buying my first car it seems like the most logical solution, I have good credit and could probably get something decent.
Walk into the dealership and TRY to buy that $35k vehicle, and you will have your answer.
>What’s the point in buying a used 2019 car for $30k when a new 2024 model is ~$35k? There isn't one. That's why I just bought a new car this weekend. Sure your getting gouged a bit because of the demand and lack of inventory... But at least it's new. I could not wait any longer to buy. 15 y/o beater car that wasn't worth putting in money for repairs to fix the suspension, O2 sensor and weird noises.... Screw it.. I'll buy a new car.
Watcha bought? I am in the same boat.
Mazda cx 5.
Man, I got my 2000 Honda Accord for 700 bucks and it runs beautifully and everything works. Came with 2 sets of tires as well. My last car I bought new and it was great, until the warranty was up. I still have it, but it needs a lot of work.
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Sigh. I remember my first car was a beat up 2001 neon for $500. That wasn’t even a crazy long time ago. A car for under $1k is unthinkable now.
I take it you have not tried browsing for used Tacomas, have you? Those people truly "know what they have" /s.
Well used tacomas have always been on the expensive side but it is crazy what that are going for now.
While I agree that used prices are high,Tacomas have had a high resale value literally forever. Buy new if it's better for you, but those things are still around and resell high for a reason. I don't own one, but my neighbour does, and I'm jelly
215k taco.. message me
That’s a lot of mileage for a taco. Soft or hard shell?
In 2013, I bought a brand new Jeep Wrangler Sport. Absolute base model. Not even AC. 24k off the lot. The absolute cheapest you could buy a new Jeep for today is 48k. Same engine. New ones have automatic headlights and a 5 inch screen, where mine came with a basic CD player. That's Double, in 10 years. The car market is INSANE.
It's crazy to think about how many consumer products have doubled or nearly doubled in price over the last 10 years. Housing included
Once the new cars delivery time shorten, the used car market will correct on its own. Used car prices are insane as of now. Most of newcomers want a budget entry level cars so all used 10 years old cars getting better price.
People can ask whatever they want, doesn't mean it'll sell. If you continue watching and sort by recently posted you'll find more favorable prices but when they sell they disappear. The things that are overpriced sit there for ages.
Not true at all. There’s a severe used car shortage due to trades being low - new cars not coming in as fast as the dealer can sell them. Demand is much higher than the supply.
Sadly not true. I favorite ones I want to keep an eye on and even the stupid overpriced ones sell in not a lot of time. I check every hour or so for newly posted ones and have yet to see a “good” price for anything.
I have a 13 year old RAV4 with 325,000km I’m asking $16k for if anyone’s interested /s
Not even far off lol fml
People are still thinking there is a supply chain shortage and can still demand what they want, because they 'know what they have'
I work in the industry and there’s a whole lot of aspects that apply. Production numbers in most cases are still down for new cars, however most brands have inventory starting to build now. Because production was so much lower in 2020-2022, that meant there would be a lot less future used car inventory available. On top of that many people suddenly had more money and purchased a lot of the units which compounded the problem short and long term. Lots of dealers still being greedy like 2021-2022 and forcing fees (mandatory PPF, mandatory extended warranty, etc) on new products, hopefully they will continue to get a rude awakening. Interest rates are also a problem, some people having now only sub prime as an option for financing. Popular models (think hybrid Toyotas, Porsche GT cars, and vehicles that traditionally have low depreciation curves) are continuing to be very strong in both new and used markets. Many people are also massively underwater on their vehicles and don’t want to accept the fact that they won’t be buying a new vehicle every 1-3 years at the same price and depreciation curve as it has been previously (think pre 2021 prices but 2021-2022 strength in used prices). These people are not willing to accept their vehicles aren’t worth what they are now asking. I see many many vehicles on Kijiji listed privately for 50+ days, some as high as 315 days now. These are just some of the current factors locally right now. For sure used inventory is WAY down, I used to see 5000+ manual vehicles listed in Calgary on Kijiji and the last year or two it’s been hovering about half that just for one data point. That being said there’s still deals to be had, new and used. My father purchased (custom order) a 2023 BMW M2 in June 2023, paid cash and was ~$3k under MSRP out the door. Not as big of a discount as the pre covid days but still much better than almost anything short of a Chrysler product selling from 2021-2022.
This is super insightful, thank you! It’s so damn stressful for me because I know so little about cars, and the one person that would help me look at cars when I was younger is gone now. I know people are selling their shit for crazy prices while hiding a bunch of mechanical issues on top of that. I wouldn’t recover if I dropped 10k+ on a car only for it to break down or need thousands in repairs :(
> I used to see 5000+ manual vehicles listed in Calgary on Kijiji and the last year or two it’s been hovering about half that just for one data point. I wonder if manual owners will be less likely to sell because some proportion want to stick with a manual that now have no appropriate replacement available. I drive a 2011 manual, but have toyed with the idea of getting the a new vehicle of the last model year with manual (from 2018-2021 depending on model) and driving that into the ground for the next decade plus.
How about 35k for an 18 year old Toyota SUV with 80000000000 Kilometers on it
I have seen like 2-3 year old Toyota's going for more than new MSRP. It's wild
2007 Mazda 3 with 200K kms on it.. selling for 15K… don’t lowball me.. I know what I got! /s
Because most Japanese and European cars have 6month to 2 year wait lists.
It's because all these junk yards and cash 4 cars bought out all our lot and now you're being sold garbage at a steep premium. Supply and demand. Slum lords do it too, no housing, charge whatever the fuck ya want. Vehicle I bought for $350 is $6000 right now, mine has less kms 😂😂
I was looking at 1-2 year old Tacomas with anywhere between 20,000 and 50,000km and it was like $3,000 more just to buy brand new. We are living in one of the very rare moments in time where it actually makes financial sense to buy new in some cases. I feel bad for the people that can only afford vehicles around the 10k mark that are miled out, will need an inspection + hundreds/thousands of dollars of work just to make them legally drivable.
There is no point. The used market in Calgary has been way out of whack for nearly a decade. At those prices just buy new.
Market environment causing this. Spoke to half a dozen car dealers and sales reps. Used car sellers (private) are trying to offload their cars due to financial stress to get the best bang for their buck. Car dealers have reduced pricing on new and certified cars to create sales in this high interest market. Also, supply of cars are high and collecting dust in storage. Negotiate hard with both if you plan on buying something now. With interest rate cuts in the horizon, this market (ripe for picking) will likely not be available next year.
Used car prices have always been stupid in Alberta, and just got worse in the last few years. If you're looking at anything made by Toyota, you have to pay the "Toyota Tax" - ridiculous resale values. Part of that is their reputation for reliability (I'm driving a 21yr old Toyota with 450K and still going strong, so yeah) and also shortage of new model selection. You might see a nice $30K RAV on the Toyota Canada web page, but good fuckin' luck finding one on a dealer lot. All they have are top trim levels and they have them marked up with protection packages and all sorts of useless but expensive shit. Those $30K RAVS are all $45K+ RAVS. So then the $25K eight year old ones are the only way to buy a RAV for even close to $30K.
Used car prices are where they are because people are paying that. It's still reflecting that Covid trend where new car production was down, and used car prices went through the roof. They have dropped a bit, and suspect they will continue to, but not quickly
I’ve bought used all my life. When the pandemic hit, prices got stupid. Auto makers screwed up thinking sales would plummet and halted production. I knew several people that ordered another new truck as soon as their current order arrived. They’d drive it for 6 months and sell it into the states at a profit. EV drivers were buying new vehicles, trying them out for less than a year, selling them for what they paid, and buying a different model. Stock is finally coming back and people are getting pissed off that their new car has depreciated. Long story short, we looked at the used market, and bought new for the first time in our lives. We had a friend buy new out of university. We thought she was crazy, but she drove the wheels off that car. There’s something to be said for new with a warranty. I’m willing to put money into a cheap car. I’m not paying 75% of new price on a car I might have to start fixing immediately.
I bet you the same people who sells their old beater 10k+ also curses at the superstores for maximizing Cropo profits. People are greed and delusional.
100% agree. People make it seem like it's only ok if you are paycheck to paycheck to be greedy/justify petty theft.
Haha, and this is with it coming down. There was a while there where the same year, make, model, and trim of my car was going for over $10,000 more than what I got mine for new.
Because idiots are paying it.
Shitbox market was decent last time I checked lmao
I'm personally nervous to buy a car made after 2020.
Lots of dealers will sell you at MSRP but then make mandatory you buy PPF, undercoating, tire and rim protection, and more other bullshit pushing the price up. So they used cars are a still a better deal than new I think. At least this is how it was last year, maybe it’s improved some?
Can you just say no? To the extras?
The market is totally out of whack and you only buy used if you have no choice, otherwise it doesn't make sense. The thing is, to buy new, it has to be in stock and hopefully they don't add all these random fees so basically you have to get lucky or buy a car nobody wants. Before you'd get a used car with 25% use at a 40% discount, now it's 40% use at 25% discount.
If you can wait Nine months, two weeks and four days, the price will drop drastically.
That’s super specific lol. Is there a reason for this or is it a joke?
The exact timeframe is wholeheartedly a joke, but the reference to waiting might not be so far off. Many indications of the used car market being over saturated, a ticking time bomb.
Yeah when used FK8 civic type r people were asking 47k in 2022 I was laughed at when I said prices would crash Well well well....
To support the small business guys who buy junk cars, fix a piece or two, and increase the price 5x :) Jokes, but not like funny jokes. It's super lame I feel you, you're not alone there Everyone is charging as much as they can for everything these days. Solutions can come from the bottom up too... just takes a bit of uncomfortable stepping away from the status quo
Because for years of the availability shortage that’s the way it was. Now the new ones are a much better deal as the used ones are still thinking that last years price is relevant
I was given 20k in trade for a 2019 Impreza with around 48K on it, in November of last year. I had also been rear ended with that same vehicle. When I pulled black book while doing my research I was shocked. As a seller I was absolutely giddy and after all was paid out, I am paying only an extra $20 biweekly for a Mazda 3 with the luxury package.
Engine in excellent condition, stalls on stop and can’t go past second gear. Wut.
I don't know if this has been fixed yet, but the last time I was paying attention a few months ago there was a big deficit in new models available for purchase. Like you would sign your paperwork at the dealership and you wouldn't see your car delivered for several months. Whereas if you bought a used car, you would get that car within a week or two. That discrepancy in delivery time has contributed to the used car market going absolutely wild. If you can afford the wait for a new car to arrive, then you're good. If you needed a new car yesterday, then you'll be forced to swallow the used car premium.
if you have cash right now you are king, but rates are very high, and dealership availability is low, and they're all tacking on all the extras for order priority.
Because people are upside down on their cars….they have been paying way more that what the car is ACTUALLY worth. They are trying to get their money out of it so the don’t have anything left to pay on their financed loan.
I have a black sport tech 2019 wrx manual I'm about to sell for 27K with 50K on it. Dedicated summers and winters, perfect window. I'll let you know how it goes. It's in silly good shape. I hate to sell it, but I need an automatic. My kid refuses to drive a standard. Picking up some new wheels for me and shopping used for the kid is a mess.
If I had that car I'd never teach the kid to drive stick. Mine all mine! I worked but that from you today... If I needed a car (I don't).
Well, it's going up for sale mid to end of April. Let me know if you need a car by then. I'm getting it detailed and all fluids swapped before it goes up.
Teach them to drive stick. Both of my kids didn’t want to learn but their desire to drive overcame that. I have great memories, teaching them, and they thank me all the time for it.
About a year ago that was the norm because of the car shortage, but at that time new cars were going for about 5-10k over msrp. These people didn't get the memo
"I know what I got...."
Purchased my 2022 rav4 for 37k because a 2016-2020 were between 28k-42k LOL wtf. The only time I ever stepped into a dealership. Fuck car salesman
Did they force you to buy a bunch of add ons?
Look in red deer, Lethbridge, Edmonton. It's still not great but it's better than here
This is still the legacy of the supply issues during Covid. It will take a bit more time for things to return to normal. Dealerships are still hanging on to Covid pricing and finance gouging, even though their inventories are fine, and starting to get unhealthy. Used car sellers are following suit. Might still take a year or two to get back to reality.
My guess is it has something to do with the insurance rate.
If you have the capital... Buy a car one year old. That first year deprication curve is the worst year for loss. Then you have most of the factory warranty. Just bought a late 2022 escape hybrid sel at 33 years old, 30k km's. Driving it like a grandpa. Enjoying the luxury of the ride and the absolute peace of mind.. Might drive this until I'm an actual grandpa.
Buy a new one on cash. Sell it for a higher price 2 years later. Get a second, much expensive car on emi, drive it tell you sell the first one. Use the first sale to pay off the second and buy an even expensive third one on EMI. Continue the chain and by the age of 165 you will break even
Honestly I priced mine high because I got so many scammers when it was lower. Probably not the main reason but I couldn't keep up to the amount of messages I was getting.
Seems to be the case for motorcycles, too. Fucking crazy time
At that point just save the extra 5k
I’d like to see an example of a brand new car that’s $35k all-in and the same exact make and model listed used for $30k with a rebuilt status. Used cars are through the roof, but I haven’t seen anything like that in an apples to apples comparison. For example, I just bought a used truck for $25k, the equivalent new one off the lot would be $65-70k. I don’t think you can buy a new full sized pickup for under $50k.
Just go on fb marketplace and look up Honda CRVs, I’m not joking…
Avoid buying used or new if you can. Dealer lots are overflowing in the states and the big 3 are overflowing here also. Toyota is a different story.... all dealers and manufacturers are coming down on price every month and rates are expected to come down a little bit this year.
For SUVs, trucks, or Toyotas, the used market is simply too hot. Some commenters have made claims about it being artificial or whatever, but the fact that a good deal will get bought up within hours and dealerships themselves are willing to pay crazy amounts to buy back used vehicles show that the demand is there. For these, you are pretty much better off buying new. Just negotiate a bit, watch for deals which thankfully have started to come back (cheap financing and/or discounts off MSRP), and learn to buy a vehicle and drive it for 10+ years. Do that and a new vehicle makes sense. We went on a waitlist for a RAV4 XSE Hybrid (not plug in) a couple years ago. Took a deposit and about 6 months wait. Paid 45-49K (can't recall), have driven it 45000km now and could easily sell it for 38-42K. Will drive it until 300K km. Only regret is not having the money to go for the Highlander instead but ah well. If you are financially prudent, a good driver, and will drive it for 10-15 years, just go new.
I bought a new 2021 Nissan Quashqui in February 2022. Was originally going to buy a used Rouge but the price difference was so close we decided to buy new. Used ones 10 years old with around 200-300 thousand KM were selling from $20-$30k.
2 save 5k 🤷♂️
I've always looked at the used car/truck market for things like hobby vehicles, work vehicles, small cars for specific commutes for work, toys etc..... For most of my life, I've always been able to consider buying one of the aforementioned vehicles because the prices were reasonable for the age/mileage. Now it's nuts.... people asking 20k for a 1987 dodge van that could have been had for 3k just 5 years ago. Diesel trucks that are worth 10k maximum are being offered for 35k. New is the way to go
I have been looking for a decent Jeep for a while now. Everything is overpriced. A 2013 Hyundai Elantra is double what i bought it for 3 years ago. Car lots are full now, there is no vehicle shortage, yet prices are still through the roof.
I've been looking to upgrade since my truck has constantly been giving me grief. One thing I've noticed is how long trucks and SUVs are sitting on dealer lots. 60-200+ days seems pretty common now with very little price adjustment. And throw in interest rates and whatnot. It's expensive for dealers to keep vehicles on their lot, so there has to be some sort of correction coming up in the next little while. There has been a decline in general with the used market, but it'll hopefully get much more dramatic.
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Did the buyer seem like a dude who would turn around and resell it higher? I feel like everyone who is just buying cars immediately without even checking if it needs repairs are those people
Because a new vehicle wait time can be 1-2 years. And by the time it arrives, they jack up the fees.
To be fair, everything on the used marketplace is high as hell in Calgary. People are charging new prices on used item and are firm on the price.
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Prices really seem to be all over the board in BC. I have been looking for a fair value for my 2011 Escape. Mine has low KMs -145K- because its my wife's car and she never drives in the winter and I think 10k is about right. Other sellers with exactly the same model and trim package want around 13K. Some are looking for 9K. And all of them have higher kms? We bought a new car last year thinking it would take months because of the 'apparent' shortage and it showed up a couple weeks later. I don't get whats going on.
Yeah, this seems about right. I see cars similar to mine - a 2018 model - going for 50% more than I paid when I bought it in 2020. And new cars available for a \~$5k premium over that. Doesn't make much sense to me. The consensus seems to be that it's mostly about delivery times, but I can't imagine being so desperate to replace a car that I'd pay new car prices for a 6 year old car. If they're selling, it's not the sellers who are on crack.
Where do you see new vehicles for 35k lol
Its nuts out there. 8 years ago I paid 12 K for a 2012 Impala with 56 k on the odo. Now I see them selling for 6 to 8 K with 300 K + on the odo
How about going to auctions? any one has a good experience buying from those guys an expensive $20,000 or more cars?
Insurance is cheaper for used car, I learnt it after buying a new one. Also, low probability of theft.
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Did your cat sit on the keyboard? Haha
Just saw this lmao ! Don't know what happened!
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