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View Poll Results: Would you buy a basic $5000 car?
In a heartbeat 3 6.67%
Yes, but only if it was dependable 9 20.00%
Yes, but only if it had a tiny engine and manual trans 8 17.78%
Depends, not sure, maybe 12 26.67%
No, it would probably be a rolling piece of junk 3 6.67%
No (other) 10 22.22%
Voters: 45. You may not vote on this poll

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Old 06-11-2021, 10:54 AM   #61 (permalink)
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Yeah it's coming, but with power everything, slushbox, sloppy soft suspension.

Yucch

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Old 06-11-2021, 02:24 PM   #62 (permalink)
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Quote:
Originally Posted by jamesqf View Post
Please explain why I would want to buy a cheap new car, when I can buy an inexpensive used car.

To date the Insight is the only car I've paid over $5K for, and I paid well under half the new price for it.
Depends on where you live and in what time period.

Historically the USA had been full of new car buyers (and leasees) that like always having a new car. So that makes a lot of semi used cars available which because of supply and demand makes them lose value quickly and become cheaper.

But in other countries things are different. In Mexico, for an example, a 5 year old car will still be 90% the value it was when it was new (or so my little amount of investigation has lead me to believe). It seems to be because fewer people buy new cars there leading to fewer used cars.

Then there's the factor of change. Used cars are some 15% more expensive now I'm the USA than they were a year ago. And because of the chip shortage, those prices keep rising. Because with fewer chips there are fewer new cars and therefore fewer used cars and therefore higher prices.
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Old Yesterday, 08:51 PM   #63 (permalink)
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Quote:
Originally Posted by Isaac Zachary View Post
in other countries things are different
Sometimes it's much different. I remember when I started to see a lot of small tricycles (converted from Honda CG motorcycles) being used by commercial operators around 12 to 14 years ago in my hometown. But when it comes to private cars, nowadays even in a budget-oriented market such as Brazil I see fewer people willing to compromise comfort features such as air conditioning.


Quote:
In Mexico, for an example, a 5 year old car will still be 90% the value it was when it was new (or so my little amount of investigation has lead me to believe). It seems to be because fewer people buy new cars there leading to fewer used cars.
It's quite like that in my country too, even though luxury cars often have a much higher depreciation within a 5-year timeframe than mainstream models.
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Old Today, 12:08 AM   #64 (permalink)
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Exactly. In many countries the luxury cars are the ones that depreciate more. The cheap micro cars seem to stay the same until they're noticeably in need of a little TLC.

I guess the same happens I'm the USA to an extent. Once I was interested in getting Honda Grom or PCX150 and started looking for a used one. But the used ones I found that were a few years old weren't much cheaper than a new one. Maybe I just didn't look hard enough. On the other hand I got a few year old Toyota Avalon that's not exactly a luxury car but close enough and it was 1/4 of the price compared to new.

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