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Comment by fbdab103 | Hacker News Reader

The MSRP of a baseline 2024 Corolla is $22,050. No idea what you actually pay out the door.

Assuming both of those sticker prices are accurate, I might still be leaning towards the Toyota. I know it will last for a long time and have no problems obtaining parts/repairs so long as I own it.

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I don't know about now, but I was in the market for cars during Covid and the dealers were truly jacking up the prices. Corollas were definitely not in the 22k range. Hopefully the situation improved.

I assume there are lots of people out there that can't afford a $22k car but they can afford a $11k, even if it's low quality.

They can get a $11k high quality second-hand Corolla.

Many people don't want second-hand cars

What? Most people actually do want a second-hand car.

https://www.statista.com/statistics/183713/value-of-us-passe...

I've never bought a new car in my life.

A new car is great but loses on average 10% of its value as soon as it leaves the dealer's lot, and after 5 years, depreciates to 40% of its value. You can often get a barely used car for a lot less than its MSRP.

My current car lost maybe 10-15% off it's original price over the last 3.5 years and it's a Skoda. Mostly thanks to inflation and supply chain issues.

I guess the US are different from other places

In Europe plenty of people only want new cars

As one data point, Last week I bought a 2024 Toyota Corolla with 29k€. It has midrange options and a premium color finish.

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