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TSMKFail t1_ivxtb7h wrote

Bloody hell how bad is the US used car market. Here you can get a running car for very very cheap if you know what you're looking for. I've seen people get functional cars that still have an MOT (Thing that certifies your car is road worthy) for £100 ($140)

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aliokatan t1_ivygtzb wrote

Obama did Cash for Clunkers which means all the old cheap junkers got compacted a decade ago.

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TSMKFail t1_ivyibit wrote

We had something kind of like that for diesel cars called the scrapped scheme. Its the reason Jeremy Clarkson was able to get a Volvo for £1 in a Top Gear Challange.

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ann0yed t1_ixwcze2 wrote

People really find anything to blame on Obama. The pandemic and reduction of car sales in 2020-2021 is why prices are currently up. Cash for clunkers did have an effect on used car prices a few years after it rolled out but we're talking around a decade ago.

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