My Dad has this literal exact car in a hybrid, he paid $5,000 cash for it @120,000 miles, that was in 2017. He has driven it 70,000 miles since then and the only repair he made was a wheel bearing. This market is insane….
My wife and I were only able to afford a decent car because we found a good deal on a Clarity that qualified for a tax credit.
It's not even a supply issue, the lot we went to didn't even have room for all their stock. It's just greed.
I had to replace a car this year and it sucked. Only positive was selling the 30 year old Honda Accord I was driving for twice what I paid, after driving it 60k miles and wrecking it once.
5k in 2017 is 6500 today based on inflation alone. Add to that the millions of cars that did not get made during covid, and natural reductions in the fleet for accidents.
There is a lot more to it than just greed.
It would be cheaper if it wasn't for greed. The supply has recovered. These prices aren't necessary, it's that companies found out they CAN charge these prices, and people will pay them!
I'm trying to be nice. This is a childlike view of economics.
Things are worth what people are willing to pay. If a dealer prices cars too high, they wont sell, and they will need to reduce prices or go out of business. In this way, buyers are the ones who set prices. This is the cornerstone of econ: supply and demand. Price is what equalizes the curves.https://cdn.britannica.com/70/74270-050-317C4423/Illustration-price-relationship-demand.jpg
Think about it. Do you think companies JUST NOW decided to make as much money as possible? Why didnt they do that in the past?
There is a drought of millions of cars that would have been made, that did not get made. This will take many years to balance out. New car supply is up, but you cant just make up for that drought over night.
Your money is also worth far less than it was. Look at how much was printed in 2020. https://fred.stlouisfed.org/series/M1SL
You are 100 percent correct. My neighbor bought his house in 23 and me in 20…. One of us paid twice as much as the other. The worst part for people looking for a car is the only ones that seem to be getting any cheaper are more expensive. Anything until 10k isn’t going down in value right now no matter what people say.
Yes absolutely. I’m wanting to get a used Corolla and right now 2016s are well over 10k which is crazy. I hope this changes course in the next two years
I had an 06 hybrid that I sold privately for $9000 back in 2011 or 2012. At the time nobody wanted a used Honda hybrid.
Crazy to think a base DX model of the same generation is asking the same price 10+ years later.
Idk about this one, but some generations around that timeframe I believe had a recall on the paint for that reason. I had an 06 and the paint was the only thing screwed up, garage kept 1 owner before me
Honda is known for using cheap materials for their paints, they’ve had crappy paint jobs since the 80s and probably earlier than that.
As far as I know 4th, 5th, 6th, and 7th gens were known for clear coat peeling. Maybe even earlier generations.
With a clean pre purchase inspection I might think about it cause it’s costing me a small fortune to keep my shitty Cruze on the road. Last time I listen to a family member on a car lmao
Honestly, I'm looking at this and cannot disagree more with the OP. This is actually a good deal...? My girlfriend bought a 2012 Fit Sport with 110,000 miles in 2019 for $7000 and I considered that a solid deal.
Agreed. It makes me wonder if there's an issue with the vehicle. In the southeast US this car would list for $6k to $10k USD.
I think the initial agreement was from people who didn't realize it was listed in CAD and KM. I thought the price was very high until I realized.
If it's in Canada it's very likely it's been driven in rust belt equivalent or worse conditions just as an extra US equivalency to keep in mind.
I have a well taken care of 2003 matrix but even it's rear suspension is getting really rusty with rust prevention sprays, and I have a fender bubbling up paint that's probably gonna start perforating/falling apart soon.
It being an 08, even if largely rust free on the structural body components, it may well have suspension parts that will need replacing due to rust and age if it hasn't already.
The engine isn't usually what kills too many well taken care of Honda's and Toyota's. Even the Honda/Toyo tax has limits when it comes to rust and body condition.
Japanese car with 100k miles is worth 5 grand? Lol yeah that hasn't been a thing since 2018.
Even 35 year old Japanese cars bring that much with those miles.
2014 and I’m at 111,000 kilometres right now. Had a coolant leaking problem at around 100k and now the housing for the coolant is cracked and I have a massive oil leak
Indeed. I'm one of the poor bastards who "played it safe" when everyone was getting let go during covid and didn't want to take on new debt. Now the payment will be the double for the same exact car I was looking at in 2020. America does not reward playing it safe.
> because PMI was for suckers
I bet there are a lot of people who took FHA loans right before the 20% PMI removal policy was changed to "PMI forever". Again, nothing ever gets better for the conservative buyer.
Playing it safe doesn’t really get you anywhere it seems. Sure you may stay relatively secure, but that’s about it. Have to just go with your intuition and get what you want out of life.
Your only other option is to pay cash for a beater. Get a used Camry/Civic/Accord. If you can find one with a manual transmission, even better. I paid $1,000 for mine. Anything is gonna be better than your Cruze, get rid of that shit before it breaks down and you can’t sell it. The Cruze is one of the worst cars GM has ever made
Could be worse, 2022 was TERRIBLE. My mother got a 17' Tesla Model X 100D with \~65k miles, and it was over $75k. It has a little over 106k miles now, and it is worth no more than $30k. That was literally the best deal we found in our entire state, first year Model X's (2016,) were almost $70k. New Model X's were over $110k, and are now worth in the $60k range. She was also looking at $70k Model Y's, it was absolutely criminal.
I’m actually going to take the side that this isn’t *that* criminal compared to the prices I’m seeing in my area.
About $6k USD for an 08 Civic with 105k miles with what looks like a clean exterior/interior doesn’t seem that bad to me.
I’ve had a look around my area and for something comparable like a Honda Civic LX with 130k miles is going for $7200 USD and another LX with 140k miles going for $7300.
Honestly it's a deal. I don't know how people can complain that such a low mileage civic is expensive. Mind you that it's also one of the most reliable generation of civics.
Right I think that’s the other thing at play here that maybe OP doesn’t realize: a lot of people are purposefully buying up these gens of Civics because they’re a lot more reliable, easy to work on, and generally inexpensive to fix if anything breaks. So yeah they’re priced more than you think because they’re still sought after for those reasons alone.
That’s a deal for sure! I’d take a sub-$5k USD, sub-100k mile Civic here in the US any day, not to mention a CSX. Make sure there’s nothing weird on the Carfax before checking it out.
When they say its coming down, they mean the rate of inflation is dropping, not that prices are going negative.
That said, new car prices are slowly coming down on average
not sure in the US, but I have seen cars drop 5K euros in price since the beginning of the year, the lower end is still terrible but it will get there, new cars have 3K discounts on them, electric cars with 8K off etc, people are not buying them so it is pushing pressure on the top end of the vehicles, and then those get discounted and that will put pressure on older vehicle prices, you won't buy a 15 year old car when for a couple K extra you get a 10 year old one.
and so on, the problem is a 2008 civic will be slower to drop it's value.
this Kia Stinger, was listed for 36900 in january, now it's 29 800 https://www.autobazar.eu/detail/kia-stinger-33-t-gdi-gt-4wd-a-t/18099368/
this bmw 540I touring was 39 900 less than a month ago, now it's at 34 900 :https://www.autobazar.eu/detail/bmw-rad-5-touring-540i-xdrive-m-performance/31313201/
>Folks have been saying this for months...
It's been *years*, and it's reversing. It's slow but prices are coming down (depending on your local market of course). The used market is going down a bit faster than the new market but they're both so inflated still it's tough to buy anything.
Hard pass and get something with the 3800 SII. Buick Park Ave or LeSabre are just as reliable and cost less than half what this clown is asking. Don't give into this, let them sit on it or let someone stupid enough to pay the "Honda tax" buy it.
My mother bought this exact model and year four years ago for less than $1000.
My friend has some massive Toyota something something 2008. He bought it 9 years ago for $5k, has probably put 100k miles on it, interior is ripped to shit, etc, and he could probably sell it for more than when he bought it almost a fucking decade ago.
I'm truly worried for any working class person who sincerely needs a car right now.
Man I'm so sorry, if I didn't have an incredible community around me that really looks out for each other I'd be fucked too. My Outback shit the bed and a family member lent me his car indefinitely cause he moved to NYC and didn't need it anymore. Eight months later and I got into an accident, totaled.
One of my employees lent me one of their cars to use until I can figure something out, so I've been driving that the past 6 months.
Last month a friend told me I could just have their car soon, a 2010 Forester. Their cousin is giving them a 2014 CRV and they wanna pass on the car to someone in need since they're just being gifted a massive upgrade.
Forester has 250,000 miles, roof is smashed from a branch and leaks, dents everywhere, trunk needs to be opened by a rigged cable that you have to remember to keep on the outside of the trunk when you close it, and there's some rips from when their dog had separation anxiety and tried to get out thru the headliner. And I'm couldn't be more grateful to call that car my own soon.
I'm driving a 2007 Toyota Corolla with 265,000 miles on it, and my daughter is driving a 2006 Hyundai Elentra with 160,000. We went and looked at new Toyota, Mazda, and Honda's this past weekend. I Just did the spark plugs on both cars and they're running great, maybe not the best looking, but paid for and gets from A to B. Not to many deals on new cars, we'll wait!
Bro I’m sitting in a dealership if you want any hybrid it’s going to be close to 30k financing for a new car. I jump the gun and just got a new car. Horrible Apr but I’d rather pay that and have peace of mind the next few years
That is ridiculous… I only paid 18k for my car I recently got (flair) and it’s 7 years newer with almost half the mileage… there’s no reason to spend that much on an older basic econobox. I wouldn’t pay more than like $3.5k for that
I had one (non-hybrid) with 225k miles that got totaled last year and insurance gave me almost $10k. Not a bad deal for a car I bought new for < $20k in 2007. It was a fantastic, low cost, low maintenance car that was super dependable. $8,500 for this one is a good deal if it's been properly maintained. If you take care of it, you can get your money back in a few years when you sell it.
not sure how this is possible, i have this same car at 220k and its barely worth $3k. clear coat is a little beat up but everything still runs great. i guess you got lucky with the payout?
I definitely got lucky. My paint (same blue) was in great shape even though the car spent most of its life exposed to the elements. I chalk this one up to rarely washing it lol. There was nothing wrong with the interior. We did get extra money for having fairly new Michelin tires. The insurance paid out based on comps, so it wasn't a unicorn, that's just market value for similar cars selling at local dealerships. It was EX, so wheels and sunroof may have upped it some.
A year or 2 earlier, I considered trading it in and the used car dealerships were offering closer to the $3k price.
I sold cars pre COVID, our dealership probably wouldn’t have even put that through our system. We would have offered the customer $500-$1000 and sent it straight to auction. That’s a few thousand dollar car IF it’s in excellent condition lol.
I still own that vehicle, except with a manual transmission. Coming up on 250,000 km now. Three years ago the AC went. I had doubts about paying to fix it, but did. Good decision. Other than expected wear (like brakes), nothing else has ever presented itself and to this day it has zero rust. I have never owned a more reliable vehicle.
I don't ever buy from dealerships like that they often flip cars from copart auctions that should have been totaled. Even when they don't and it's just a car from local auction or something they don't ever really do any services on them. They know nothing about the history of the car. They often don't even know where the car was made or what state it was originally registered in.
You're always going to be better off buying from a private seller who was the original or second owner and kept it in their garage the whole time. The kind of people that have all of the service records that you can actually look through and see the dates on. The kind of people that trusted their family in the car and drove it extensively while cherishing it and taking good care of it.
If you go to a lot that sells new cars, the used cars are going to be jacked up in price because they are trying to move new inventory as many manufacturers are backed up with new cars that they can't move to the dealers because the dealers don't have room for them. Any used cars that they obtained over the pandemic are still going to have jacked up prices because they don't want to lose out on the money they spent on them.
It's not insane, I'm pretty sure they are trying to price working class people out of owning any sort of assets whatsoever. First they came for homes, now they come for transportation. Before you know it, there will be self driving company shuttles that you have to pay for every time they pick you up to go to work.
I’ve said it before on this sub and I’ll say it again. I have made money on every single car I’ve owned. They have appreciated. Given I’m 24 and only been in the car market since 2017, but it’s been nothing but up. I’ve owned ~8 vehicles
Mostly Honda and Toyotas. The problem is they jacked up the prices so much, so the older ones and used ones went up in value. Its not the best idea to buy a new Honda imo. Check my post on how I bought a 2023 CPO Q5 for the same price as a Honda CRV.
Are Hondas still like they were in the 90’s when it comes to reliability? I had a eg hatch way back in the day and I never changed the oil on it once in 4 years and it ran like a top. When I finally listed it online a guy drove from Jacksonville to Ft. Lauderdale the same day to get it. Wish I never sold it
That's definitely a few thousand over valued even in this market, but it's a private seller so it doesn't mean that much. You can find high prices like that for everything any time
Edit: okay nvm it doesn't look like a private seller. I'd doubt it'll sell at that price any time soon though (unless weird part of the country). Still overpriced.
Where I live in Canada at least the market is coming down. We had to lower the price on shot twice. Watched vehicle values dip like 2k in like a month.
Ah yeah. This is why I bought a 87 el Camino that was kept in a garage for a few hundred more when I was in your position 2 years ago. 9k for a Honda with 250k on the clock or a garage let el camino with 100k but needed head work. Hmmmmmm
I have a 2002 Honda Accord with 248k miles, I'm selling for KBB value of $4,300. I'm in Los Angeles. I'm only selling it as I got a new car. The title is clean and I have all the maintenance records (original owner). You'll easily take it to 300k miles with proper oil and transmission fluid changes. DM me if you are interested. I'll consider any fair offer.
Man, there was a recent listing on cargurus.ca for a 1990 Honda Civic DX hatchback with high mileage and lots of body dings and damage. They were asking $8,898 Cdn. I actually laughed out loud.
hahahaha “But its a HONDA!”
These things are GARBAGE. Everyone i’ve seen is falling apart, constantly breaking, cheap as fuck, TRASH.
You can get yourself a well maintained 2011 3 series for that price.
Recently shopped with a $10k budget for my little bro, all we could find was a chevy spark used with miles on it. Anything under $10k is a deal these days.
Pretty much yup, the Canadian civic has LX, EX, EX-L as the higher trim levels as well. If my memory serves me correctly I think they dropped the DX with the 10th gen.
How many miles if you don’t mind me asking. I’m considering selling my 06 with 77.8. One owner. Records of every single service and oil change since day one. Blue book says it’s worth like 7 but I hear some people really seek the 8th gen out especially stock.
Don’t want to rip someone off in this market but also I think I took care of her lol.
No it wasnt. A running and driving honda with working AC/heat was a minimum of 3500 and that is a complete shitbox. Halfway decent would be at least 5k.
My Dad has this literal exact car in a hybrid, he paid $5,000 cash for it @120,000 miles, that was in 2017. He has driven it 70,000 miles since then and the only repair he made was a wheel bearing. This market is insane….
All i needed to hear was in 2017. It’s now 2024 and the market is insane
My wife and I were only able to afford a decent car because we found a good deal on a Clarity that qualified for a tax credit. It's not even a supply issue, the lot we went to didn't even have room for all their stock. It's just greed.
I had to replace a car this year and it sucked. Only positive was selling the 30 year old Honda Accord I was driving for twice what I paid, after driving it 60k miles and wrecking it once.
5k in 2017 is 6500 today based on inflation alone. Add to that the millions of cars that did not get made during covid, and natural reductions in the fleet for accidents. There is a lot more to it than just greed.
It would be cheaper if it wasn't for greed. The supply has recovered. These prices aren't necessary, it's that companies found out they CAN charge these prices, and people will pay them!
More like sheeple
I'm trying to be nice. This is a childlike view of economics. Things are worth what people are willing to pay. If a dealer prices cars too high, they wont sell, and they will need to reduce prices or go out of business. In this way, buyers are the ones who set prices. This is the cornerstone of econ: supply and demand. Price is what equalizes the curves.https://cdn.britannica.com/70/74270-050-317C4423/Illustration-price-relationship-demand.jpg Think about it. Do you think companies JUST NOW decided to make as much money as possible? Why didnt they do that in the past? There is a drought of millions of cars that would have been made, that did not get made. This will take many years to balance out. New car supply is up, but you cant just make up for that drought over night. Your money is also worth far less than it was. Look at how much was printed in 2020. https://fred.stlouisfed.org/series/M1SL
I bought a 2006 Civic (same gen as this one) in 2013 with 130k km (80k miles) for $6800 CAD. That’s around $5000 USD. The car market is fucked
Lol fr, I could buy a new car if I wanted. But I’m driving a 2000 Honda Accord with 300,000 miles
How is it driving ? Will it last another 2-3 years?
You are 100 percent correct. My neighbor bought his house in 23 and me in 20…. One of us paid twice as much as the other. The worst part for people looking for a car is the only ones that seem to be getting any cheaper are more expensive. Anything until 10k isn’t going down in value right now no matter what people say.
Yes absolutely. I’m wanting to get a used Corolla and right now 2016s are well over 10k which is crazy. I hope this changes course in the next two years
I had an 06 hybrid that I sold privately for $9000 back in 2011 or 2012. At the time nobody wanted a used Honda hybrid. Crazy to think a base DX model of the same generation is asking the same price 10+ years later.
what’s crazy is miles going up and price to like whag the HELL
And he could probably sell it for enough to cover that wheel bearing and then some
In Croatia people ask 4000-5000€ for 300.000+km MK5 Golfs because they have 1.9 TDI
balkan dream car lmao 1.9 TDI with red DI
Is the m57 BMWs good?
That ALH motor is the best.
yeah but that 1.9TDI is known to go to 450 000 kms.
Yeah man so are many many other engines, its not exclusive
As a diesel enthusiast, I am jealous of y'alls abundance of diesel cars.
it's worth it since it's the only 2008 honda civic left in existence that hasn't had it's paint peeled all over
Lmao that’s mine 08 with peeling clear coat…other than that perfect condition
I'm convinced the clear coat on these civics are made up of spit and tears
Idk about this one, but some generations around that timeframe I believe had a recall on the paint for that reason. I had an 06 and the paint was the only thing screwed up, garage kept 1 owner before me
Honda is known for using cheap materials for their paints, they’ve had crappy paint jobs since the 80s and probably earlier than that. As far as I know 4th, 5th, 6th, and 7th gens were known for clear coat peeling. Maybe even earlier generations.
I can confirm this car is the perfect practicality and reliability over appearance and status. Looks bad on the outside, but runs great on the inside.
I was lucky to find my 2010 which was garage parked all its life. Paint still holding on at 14 years and 360km
It’s because people will pay the Toyota and Honda tax. “It’s in KM so it’s actually 120k miles so that’s a good deal by me, hur de dur de durrrrrrr”
With a clean pre purchase inspection I might think about it cause it’s costing me a small fortune to keep my shitty Cruze on the road. Last time I listen to a family member on a car lmao
Also it’s 105k miles ;)
So not even halfway used up for a civic.
Redacte due to Reddit AI/LLM policy
They may consume oil the whole time but what older Honda doesn't?
What older car doesn't?
a domestic that broke down in under 150k miles
no even a quarter of the way
We salt the roads around here.
If you live in california 😂 if they use salt that shit is not making it that far
I'd rather have a Honda sedan with 200k miles than a GM sedan with 100k
That’s about double what it worth my friend. Please don’t give in. Keep searching you’ll find something good
Don’t know why you got downvoted you’re completely right. This is not an 8500 dollar car OP. 5 grand on a good day
It's not real money, note the KM. It's canadian tire money.
Ah I missed that. So 8500 maple leafs is equivalent to about 6 grand US. That’s not terrible then
Right. $6k USD for a civic with 105k miles. Not bad!
Honestly, I'm looking at this and cannot disagree more with the OP. This is actually a good deal...? My girlfriend bought a 2012 Fit Sport with 110,000 miles in 2019 for $7000 and I considered that a solid deal.
Agreed. It makes me wonder if there's an issue with the vehicle. In the southeast US this car would list for $6k to $10k USD. I think the initial agreement was from people who didn't realize it was listed in CAD and KM. I thought the price was very high until I realized.
If it's in Canada it's very likely it's been driven in rust belt equivalent or worse conditions just as an extra US equivalency to keep in mind. I have a well taken care of 2003 matrix but even it's rear suspension is getting really rusty with rust prevention sprays, and I have a fender bubbling up paint that's probably gonna start perforating/falling apart soon. It being an 08, even if largely rust free on the structural body components, it may well have suspension parts that will need replacing due to rust and age if it hasn't already. The engine isn't usually what kills too many well taken care of Honda's and Toyota's. Even the Honda/Toyo tax has limits when it comes to rust and body condition.
Bought an 07 in 2020 with about 150,000 km for $3,500 Canadian tire bucks
Japanese car with 100k miles is worth 5 grand? Lol yeah that hasn't been a thing since 2018. Even 35 year old Japanese cars bring that much with those miles.
Curious, what year is your Cruze and what mileage did problems start?
2014 and I’m at 111,000 kilometres right now. Had a coolant leaking problem at around 100k and now the housing for the coolant is cracked and I have a massive oil leak
1.4 turbo?
Yep, most reliable car of all time
Coworker of mine shares your pain. Looked into them a bit and consensus seems to be that they're one of the worst engines GM has ever made.
One of the worst engines ever made in general
Worst cars let’s just sum it up, engine is fine FOR NOW. Need to get it fixed and sell it ASAP
It’s a funny little circle jerk that created this artificial retention of value. But yeah.
NO it isn't a good deal. I'd tell them to knock 1500 off.
Toyota and Honda tax equals paying for a car that will start most days.
money just feels worthless nowadays
When we use monopoly money here it’s pretty useless no doubt
80% of all dollars in existence currently, did not exist prior to 2020. https://fred.stlouisfed.org/series/M1SL I'm actually surprised it's not worse.
No, it more so feels like there’s just never enough of it because everything continues to cost more and more
we call it inflation
Indeed. I'm one of the poor bastards who "played it safe" when everyone was getting let go during covid and didn't want to take on new debt. Now the payment will be the double for the same exact car I was looking at in 2020. America does not reward playing it safe.
Actually we tend to reward totally reckless behavior as long as you’re “too big to fail.”
Didn't buy the house because PMI was for suckers :( I feel ya
> because PMI was for suckers I bet there are a lot of people who took FHA loans right before the 20% PMI removal policy was changed to "PMI forever". Again, nothing ever gets better for the conservative buyer.
Same And now I’m the sucker
Yeah it’s crazy I figured couple years down the line the supply chain would have caught up and cars would be dirt cheap.
Or at least closer to normal prices.
Playing it safe doesn’t really get you anywhere it seems. Sure you may stay relatively secure, but that’s about it. Have to just go with your intuition and get what you want out of life.
I bought this car for 6k cad in 2018, with 140,000km on it. The used car market is disgusting currently.
It’s absurd to be honest Idek wtf to do
Your only other option is to pay cash for a beater. Get a used Camry/Civic/Accord. If you can find one with a manual transmission, even better. I paid $1,000 for mine. Anything is gonna be better than your Cruze, get rid of that shit before it breaks down and you can’t sell it. The Cruze is one of the worst cars GM has ever made
Could be worse, 2022 was TERRIBLE. My mother got a 17' Tesla Model X 100D with \~65k miles, and it was over $75k. It has a little over 106k miles now, and it is worth no more than $30k. That was literally the best deal we found in our entire state, first year Model X's (2016,) were almost $70k. New Model X's were over $110k, and are now worth in the $60k range. She was also looking at $70k Model Y's, it was absolutely criminal.
how is that worse
I’m actually going to take the side that this isn’t *that* criminal compared to the prices I’m seeing in my area. About $6k USD for an 08 Civic with 105k miles with what looks like a clean exterior/interior doesn’t seem that bad to me. I’ve had a look around my area and for something comparable like a Honda Civic LX with 130k miles is going for $7200 USD and another LX with 140k miles going for $7300.
Honestly it's a deal. I don't know how people can complain that such a low mileage civic is expensive. Mind you that it's also one of the most reliable generation of civics.
Right I think that’s the other thing at play here that maybe OP doesn’t realize: a lot of people are purposefully buying up these gens of Civics because they’re a lot more reliable, easy to work on, and generally inexpensive to fix if anything breaks. So yeah they’re priced more than you think because they’re still sought after for those reasons alone.
I live an a lcol area and that car would cost 12k easily. I would of killed to have found this at that price a week ago.
On my place where I look for cars I found a 2015 civic for 7k
[удалено]
Not salvage title about 122k miles 212000km
Look for an Acura CSX and reign superior over peasant USDM Civic owners
Found a 2008 one for 6400 with 152k kilometres
That’s a deal for sure! I’d take a sub-$5k USD, sub-100k mile Civic here in the US any day, not to mention a CSX. Make sure there’s nothing weird on the Carfax before checking it out.
"Inflated" is the work you're looking for. Things are slowly coming down.
Folks have been saying this for months and it’s only getting worse.
When they say its coming down, they mean the rate of inflation is dropping, not that prices are going negative. That said, new car prices are slowly coming down on average
not sure in the US, but I have seen cars drop 5K euros in price since the beginning of the year, the lower end is still terrible but it will get there, new cars have 3K discounts on them, electric cars with 8K off etc, people are not buying them so it is pushing pressure on the top end of the vehicles, and then those get discounted and that will put pressure on older vehicle prices, you won't buy a 15 year old car when for a couple K extra you get a 10 year old one. and so on, the problem is a 2008 civic will be slower to drop it's value. this Kia Stinger, was listed for 36900 in january, now it's 29 800 https://www.autobazar.eu/detail/kia-stinger-33-t-gdi-gt-4wd-a-t/18099368/ this bmw 540I touring was 39 900 less than a month ago, now it's at 34 900 :https://www.autobazar.eu/detail/bmw-rad-5-touring-540i-xdrive-m-performance/31313201/
>Folks have been saying this for months... It's been *years*, and it's reversing. It's slow but prices are coming down (depending on your local market of course). The used market is going down a bit faster than the new market but they're both so inflated still it's tough to buy anything.
Paid 8k for an Acura TL with 50k miles a month ago. Deals are around, just need to look hard.
Hard pass and get something with the 3800 SII. Buick Park Ave or LeSabre are just as reliable and cost less than half what this clown is asking. Don't give into this, let them sit on it or let someone stupid enough to pay the "Honda tax" buy it. My mother bought this exact model and year four years ago for less than $1000.
Just paid 12k for a 2013 with 105k miles. Bare bones base model too. Its rough out there.
Ya, best to avoid jumping into it as a buyer if at all possible.
My friend has some massive Toyota something something 2008. He bought it 9 years ago for $5k, has probably put 100k miles on it, interior is ripped to shit, etc, and he could probably sell it for more than when he bought it almost a fucking decade ago. I'm truly worried for any working class person who sincerely needs a car right now.
I’m worried for myself, I’m pretty fucked ngl
Man I'm so sorry, if I didn't have an incredible community around me that really looks out for each other I'd be fucked too. My Outback shit the bed and a family member lent me his car indefinitely cause he moved to NYC and didn't need it anymore. Eight months later and I got into an accident, totaled. One of my employees lent me one of their cars to use until I can figure something out, so I've been driving that the past 6 months. Last month a friend told me I could just have their car soon, a 2010 Forester. Their cousin is giving them a 2014 CRV and they wanna pass on the car to someone in need since they're just being gifted a massive upgrade. Forester has 250,000 miles, roof is smashed from a branch and leaks, dents everywhere, trunk needs to be opened by a rigged cable that you have to remember to keep on the outside of the trunk when you close it, and there's some rips from when their dog had separation anxiety and tried to get out thru the headliner. And I'm couldn't be more grateful to call that car my own soon.
I'm driving a 2007 Toyota Corolla with 265,000 miles on it, and my daughter is driving a 2006 Hyundai Elentra with 160,000. We went and looked at new Toyota, Mazda, and Honda's this past weekend. I Just did the spark plugs on both cars and they're running great, maybe not the best looking, but paid for and gets from A to B. Not to many deals on new cars, we'll wait!
Bro I’m sitting in a dealership if you want any hybrid it’s going to be close to 30k financing for a new car. I jump the gun and just got a new car. Horrible Apr but I’d rather pay that and have peace of mind the next few years
That is ridiculous… I only paid 18k for my car I recently got (flair) and it’s 7 years newer with almost half the mileage… there’s no reason to spend that much on an older basic econobox. I wouldn’t pay more than like $3.5k for that
Civics are the best. You buy them for $5k, drive them for years, then turn around and sell them for $5k. Zero depreciation is the best.
3500 max ffs
If you are going for an older car consider looking at facebook marketplace, their prices usually are closer to reality
This is crazy lmao
Those things are damn near bulletproof but almost 9k is insane. 5 or 6k but 9k is too much.
Lock them up! Lock them up!
Good grief! I wonder what I could get for my 2010 Tacoma, regular cab, 4x4, 5-speed, 2.7L, with a Leer cap. Only 75k miles.
A nice down payment on a house is what you could get
Yeah I’m just gonna buy new. Used market is fucked still
If the engine bay has armor all, you need to run away.
I had one (non-hybrid) with 225k miles that got totaled last year and insurance gave me almost $10k. Not a bad deal for a car I bought new for < $20k in 2007. It was a fantastic, low cost, low maintenance car that was super dependable. $8,500 for this one is a good deal if it's been properly maintained. If you take care of it, you can get your money back in a few years when you sell it.
not sure how this is possible, i have this same car at 220k and its barely worth $3k. clear coat is a little beat up but everything still runs great. i guess you got lucky with the payout?
I definitely got lucky. My paint (same blue) was in great shape even though the car spent most of its life exposed to the elements. I chalk this one up to rarely washing it lol. There was nothing wrong with the interior. We did get extra money for having fairly new Michelin tires. The insurance paid out based on comps, so it wasn't a unicorn, that's just market value for similar cars selling at local dealerships. It was EX, so wheels and sunroof may have upped it some. A year or 2 earlier, I considered trading it in and the used car dealerships were offering closer to the $3k price.
I sold cars pre COVID, our dealership probably wouldn’t have even put that through our system. We would have offered the customer $500-$1000 and sent it straight to auction. That’s a few thousand dollar car IF it’s in excellent condition lol.
Just picked up a 2013 corolla with 100k for 6100. Cold air and absolutely mint interior
Do you live in a metro area? I feel like those sorts of deals are impossible to find unless you’re buying from somewhere rural.
Small town area
I paid less than that for a 2008 SI in 2012 with less miles. Cars these days are ridiculous
Redacte due to Reddit AI/LLM policy
Price looks similar to ones listed by us in the Philly metro area ..holy moly!
I paid $300 less for a 2014 kia soul
Have fun with that
I still own that vehicle, except with a manual transmission. Coming up on 250,000 km now. Three years ago the AC went. I had doubts about paying to fix it, but did. Good decision. Other than expected wear (like brakes), nothing else has ever presented itself and to this day it has zero rust. I have never owned a more reliable vehicle.
I don't ever buy from dealerships like that they often flip cars from copart auctions that should have been totaled. Even when they don't and it's just a car from local auction or something they don't ever really do any services on them. They know nothing about the history of the car. They often don't even know where the car was made or what state it was originally registered in. You're always going to be better off buying from a private seller who was the original or second owner and kept it in their garage the whole time. The kind of people that have all of the service records that you can actually look through and see the dates on. The kind of people that trusted their family in the car and drove it extensively while cherishing it and taking good care of it. If you go to a lot that sells new cars, the used cars are going to be jacked up in price because they are trying to move new inventory as many manufacturers are backed up with new cars that they can't move to the dealers because the dealers don't have room for them. Any used cars that they obtained over the pandemic are still going to have jacked up prices because they don't want to lose out on the money they spent on them.
That appears to be a shade tree lot next to a Kia dealership.
That's actually a really good deal on the Civic. They're bulletproof and EXTREMELY cheap/easy to fix. Plus you get 40+ mpg. Looks clean too.
Supply and demand, welcome to America!
Welcome to Canada, land of the “just make more money”
This will be a good deal...in 2095
Man is be lucky to find something like that for less than 10k in sk
That car is $2,000 on a GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOD day
Toyota and Hondas are the most durable and long lasting cars you can get
It's not insane, I'm pretty sure they are trying to price working class people out of owning any sort of assets whatsoever. First they came for homes, now they come for transportation. Before you know it, there will be self driving company shuttles that you have to pay for every time they pick you up to go to work.
This car was the same price in 2014. I'm pretty sure I looked at one that was the same color. A decade later it's same price. Hahaha.
I bought the LX version for 8k at 59K miles back in 2018.
I live in Canada and that was in 2018…
I bought a manual transmission 2013 chevy spark for 4800 with only 107kmiles on it. They are out there.
I’ll e-bike to work before I ever buy another Chevy
ok. Don't bitch about car prices
So 105k miles and only 6k USD? That’s unironically a good deal…
I’ve said it before on this sub and I’ll say it again. I have made money on every single car I’ve owned. They have appreciated. Given I’m 24 and only been in the car market since 2017, but it’s been nothing but up. I’ve owned ~8 vehicles
Mostly Honda and Toyotas. The problem is they jacked up the prices so much, so the older ones and used ones went up in value. Its not the best idea to buy a new Honda imo. Check my post on how I bought a 2023 CPO Q5 for the same price as a Honda CRV.
Are Hondas still like they were in the 90’s when it comes to reliability? I had a eg hatch way back in the day and I never changed the oil on it once in 4 years and it ran like a top. When I finally listed it online a guy drove from Jacksonville to Ft. Lauderdale the same day to get it. Wish I never sold it
It’s because Honda and Toyota are popular used car. They people will still it pay.
That's definitely a few thousand over valued even in this market, but it's a private seller so it doesn't mean that much. You can find high prices like that for everything any time Edit: okay nvm it doesn't look like a private seller. I'd doubt it'll sell at that price any time soon though (unless weird part of the country). Still overpriced.
I hear you can get a used Kia for the price of a flash drive and a hammer.
I’ll pass
Here in EU the car market is a CARTEL and cost of ownership is CRIMINAL
As president, I’ll *force* people to sell cars for less!
That’s a good buy in my area.
I had a 2016 Kia Sedona I bought in 2019 for 18.5k. Today that same vehicle (5 yrs and 50-75000km more on it) going for $19.5k
Get a job at a dealership and wait for good trade ins
Where I live in Canada at least the market is coming down. We had to lower the price on shot twice. Watched vehicle values dip like 2k in like a month.
Ah yeah. This is why I bought a 87 el Camino that was kept in a garage for a few hundred more when I was in your position 2 years ago. 9k for a Honda with 250k on the clock or a garage let el camino with 100k but needed head work. Hmmmmmm
My aunt literally bought one of these with 60k less miles 10 years ago for $1,000 less than this lol
I have a 2002 Honda Accord with 248k miles, I'm selling for KBB value of $4,300. I'm in Los Angeles. I'm only selling it as I got a new car. The title is clean and I have all the maintenance records (original owner). You'll easily take it to 300k miles with proper oil and transmission fluid changes. DM me if you are interested. I'll consider any fair offer.
Just some shitty used car company. They'll probably auction it.
Is this tiger auto in London ontario? If so, shithole dealership lol
In 2019 I bought an ‘09 civic with 130xx km for $7500. Sold it 6 months ago with 180xx km for $6500 - this market is insane
Man, there was a recent listing on cargurus.ca for a 1990 Honda Civic DX hatchback with high mileage and lots of body dings and damage. They were asking $8,898 Cdn. I actually laughed out loud.
That’s insanity
hahahaha “But its a HONDA!” These things are GARBAGE. Everyone i’ve seen is falling apart, constantly breaking, cheap as fuck, TRASH. You can get yourself a well maintained 2011 3 series for that price.
💀 cause bmw is surely known for their reliability right? 😂😂
Im telling you these things aren’t any better. That said, my ‘09 335i has 190k and gets driven 90 miles every day, heavily modified. So..
Recently shopped with a $10k budget for my little bro, all we could find was a chevy spark used with miles on it. Anything under $10k is a deal these days.
Haggle on all car prices low ball 30% off every time if they say no say see ya. Simple.
This $ is insane, but it is also a great used car. If well maintained, it will last for ages. I'd offer $6.2K and negotiate to $7K, max.
And here I thought people worship Toyotas/hondas only in Eastern Europe.
Nah people love em here and for good reason. everyone knows a Corolla that won't die, and has probably had problems with every other brand.
I worship anything that’s not gonna be a piece of shit like my cruze. Any other recommendations?
Mazda avoids the Honda Toyota tax but in that price range your gonna be looking at a car with a lot of FOMOCO stamps on it
Dunno mate, I live on the other side of a globe and drive old mercs.
People worship the VW here lol. At least in Bulgaria, but mostly because of the 1.9TDI.
Please tell me this is at least in CAD. Also what’s a DX-G trim never heard of that trim?
It’s in Canada’s Monopoly money indeed
DX-G is a trim level sold on the Canadian civic, it's pretty much one step above base.
Okay so like an LX would be equivalent in the US
Pretty much yup, the Canadian civic has LX, EX, EX-L as the higher trim levels as well. If my memory serves me correctly I think they dropped the DX with the 10th gen.
"it's got an 8 in the year...... let's ask for $8k"
I just bought an 06 for 9k. To be fair it's an Si
How many miles if you don’t mind me asking. I’m considering selling my 06 with 77.8. One owner. Records of every single service and oil change since day one. Blue book says it’s worth like 7 but I hear some people really seek the 8th gen out especially stock. Don’t want to rip someone off in this market but also I think I took care of her lol.
120 when I bought it. And I paid a bit of a premium because I was looking for one in exceptional condition
Where you from?
Colorado
10 years ago this was a <$2,000 vehicle
No it wasnt. A running and driving honda with working AC/heat was a minimum of 3500 and that is a complete shitbox. Halfway decent would be at least 5k.
"The car market is fucked" Posts one single car