I’ve been looking at buying a used car, and while I understand there was a used car craze a couple years ago, I was under the impression that it had cooled off by now.
On average, a 10 year old Acura/Honda, or Toyota with anywhere from 190,000 - 220,000 KM on it is going for $13,000? Even a Kia Optima or Forte is a $7500 - $9000. Even when you think you’ve found a fairly priced one, you find out it’s a salvage or rebuild title.
I was browsing similar car ads down in the States, and clean/very low mileage cars are going from anywhere from $2000 to $5000 CAD equivalent. Why are cars so prohibitively expensive in this country? What happened to a cheap and dependable car? I truly don’t understand what is enabling sellers to be so greedy. I appreciate you reading.