Car buying is never going back to normal

[COPO]

Originally Posted by muscle_collector

my dad always drilled it in my head that if you cant afford to pay cash for your cars you cant afford them. I know that certainly isn't the norm nowadays for most people

My Dad was the same way, but took it a step further and said never buy a car newer than 2-3 years old. I've only had one new car in my life and it was for my wife, but buying a late model 2-4 year old car with low miles as a daily driver for cash is sound advice, albeit lately it's been smarter to get brand new given the crazy Covid pricing of used cars. That seems to have turned now and late model used car prices seem to be rapidly coming back down to earth.

Quick side note, my daughter was in the market for a new daily driver about a year ago. After shopping for a few weeks, she found a 2020, or 2021 with about 10K miles was MORE than ordering a brand new 2022, but would have to wait 4-months for the build. She bought the new one. Crazy times that finally seem to be changing.