Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn’t been true for years but it still seems pervasive in personal finance spaces.

  • korstmos@kbin.social
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    1 year ago

    A beater for 5k? Ive bought 500$ beaters less than 6 years ago!

    500$ nowadays will not even get you a junker with its engine and transmission removed.