To me they are. I am looking for basic transportation. Like a basic Toyota Corolla, with just a/c. No power windows or locks, or any other silly options.
That means a model 1832 Corolla. They were on sale new in ads, starting in Jan 2013, for $15,000. So, to me a used one should sell for less than when new.
A new Corolla, lasts 12-13 yrs or150K miles. With the last 50K miles, likely needing repairs, sometimes very expensive repairs. I divide $15K car by 150K miles. Giving a cost per mile of $.10. So, a used Corolla w/15K miles should sell for at least $1500 less than new. However, a used one is priced at nearly
the cost of a new Corolla. If you go in and offer $12000, the dealer will claim you are trying to rip him off. So, I just don’t see used as being a better value for
the consumer. This same pricing holds true with other brands as well.
So, I don’t see used being a better deal for the consumer. I have kept track of costs for cars and trucks I have owned. The lowest cost per mile or yrs of
ownership, have been new vehicles, that I then sold myself or had an insurance loss. Dealers are big advertisers, so you won’t see much about the in the