A used Toyota or Honda was typically a smart purchase before the recent used car shortage, and still sometimes a good deal even during the last two years.
Used luxury cars in general aren’t a great deal, since you typically pay higher maintenance costs on a luxury car. They’re lower volume cars, so there are fewer parts made, leading to more expensive parts. Replacing the airbag suspension compressor in a Land Rover costs $5k+, each of the (four) suspension airbag costs a few thousand dollars to replace and they usually need replacing after 100k miles.
Financing rates are how people who are bad with money with bad credit get fleeced, 17% 7 year loans for instance. There are people that are bad with money but have good credit, you fleece them by flattering their ego with an $1895 ‘executive concierge service’.
