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Is the gambler 500 dead now?
(hexbear.net)
Seriously, I've spent like an hour searching and there appear to be absolutely no used cars in the US or Canada priced at or under $500. In fact, they're not even really close. I can only find a handful of cars under $1000, and they all seem to be parts cars that have major issues that are insurmountable for all but experienced mechanics who happen to have a spare engine laying around.
Am I just searching in the wrong places or what? Where have all the cheap-ass cars gone in this car-mandatory society?
I think Obummer's Cash for Clunkers thing somehow permanently fucked up the used car market. But i haven't ever looked in to it in detail.
I think the two shocks from covid and subsequent "return to normal" probably had a bigger effect. On the one end there's fewer cars that entered the used market and the ones that did had a higher sticker price, followed by a sudden spike in demand.
maybe, i think a big factor is the simple fact that new cars are way more. Even a certified Honda Civic, which was $14k when i bought mine in 2017, is now at least $20k.
Thanks Obumma