Have you saved up about $10,000 to buy a used car? I won’t try to convince you of anything because no one listens to what I have to say, but look at this 2001 Toyota Corolla LE, a commuter car with standard gear that Schaumburg Toyota in the Chicago area is selling for $8,798. Even though it’s in great shape, is $9,000 too much for a 22-year-old Corolla? Come on, people. For what the car is, 70,000 miles may not seem like a lot. I’ve spent less money on cars that were newer and as good. First, in any other world, no one would think this thing is worth nearly $10,000. Do you think the craze for buying used cars is over? Think about where you stand. Because of the… can I even say it?… pandemic, we’ve seen a lot of cases like this. I think I’ll need more time to get the delivery chain out. Dealer markups have been a big reason why prices have been going up. For example, a new Mitsubishi Mirage is sold for $6,000 more than initially. Have you ever driven a Mirage that was brand new? It is better than walking. I don’t have anything else. The funny name for the blue on this 1.8-liter, 4-speed automatic car is “Mystic Teal Mica.” I’m going through the list of features right now, and you can expect keyless entry, stability control, and cruise control if you buy it. This is the LE model, not the awful CE. Oh, now I see; it all makes sense. The inside of this thing is white. Because of this, it is $9,000. But that’s not all. Not even close. A used 2018 Corolla with 53,870 kilometer’s and $19,500 is also for sale at the same store. I promise that thing is a car that costs $10,000 more. When prices are this high, you should say no.
