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Is the gambler 500 dead now? (hexbear.net)

submitted 8 months ago by [email protected] to c/[email protected]

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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?

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[–] [email protected] 16 points 8 months ago* (last edited 8 months ago) (1 children)

They've completely disappeared thanks to inflation, not even mentioning the damage to the cheap old car market done by cash-for-clunkers

even beat panther platforms are $2k+

[–] [email protected] 4 points 8 months ago

I imagine lower than usual demand over covid also means there's a few years where fewer than usual cars entered the used market, both from private owners and rental fleets, which has downstream effects.