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A comment on The Well-Off People Who Can't Spend Money. Parent comment

Re:The Well-Off People Who Can't Spend Money by more_corn on Wednesday August 07, 2024 @07:43PM (#41186654)
Agreed. Nobody needs to buy a $60k new car. Buy one that’s 2 years old for $30. Where did the other $30k go? Dunno, but y ain’t gettin it back.
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Re:The Well-Off People Who Can't Spend Money by wesleyd on Thursday August 08, 2024 @06:17AM (#41189865)
I absolutely agree with this sentiment, directionally, but the “new car premium” in the US is really quite small - it takes way more than two years for cars to half in price, more like five years, and sixty thousand miles.

For example, a brand new Toyota sienna XLE is a little over fifty grand. Carvana have several 21-22 siennas XLE, 40-60k miles, most over forty grand. I do not understand this.

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