I don't think so. In the 1980s, I bought a used minivan (a Lee Iacocca Special) that was the worst piece of junk I have ever
had. Nearly every system went out on me. Brakes, drums, rotors, suspension springs rusted and broke. Then the engine
timing chain broke and ruined the engine. A rebuilt cost $2400, it only lasted about 35,000 miles. I had to replace the
wiper motor, the a/c compressor, starter, battery and alternator. In the 3 yrs I owned it, I put about $6K in repairs. It was
the last used car I ever bought.
I realize Toyota and Honda are better, but they still have a functional life of about 12 to 15 yrs or 150K to 200K miles.
So, if a new 1832 L Corolla can be bought for say $15K. Then a used one should be less. But, that is not what I'm
seeing in terms of pricing. I think used car buyers are often young naive and get taken advantage of. They pay real
high interest rates as well.
Then you see young people thinking they can buy a good car for several hundred bucks. Then have it last a long while
when they go off to college. That just doesn't make sense. If that were true, why would people send thousands for a new
car? The lowest cost of ownership I have experienced is when I bought a new car, and had it last 10-12 yrs. The per mile
or per month cost was the lowest, when I did that.