Why are used cars often still almost the same price as buying one new?

[miamidice]

Just been looking at used car websites online, and the prices don’t make sense to me.

If a car is 850,000 TWD new, I’m frequently seeing 3-5 year old versions of that car with 30,000 - 40,000 miles on them with asking prices of around 700 - 750,000 TWD.

Why would anyone still buy a used car in that scenario when buying new doesn’t cost that much more? I don’t understand why the depreciation is so slow. I’m looking at cars that are actually made in Taiwan too, not those that have been imported.

[SuperS54]

@miamidice

If a car is 850,000 TWD new, I’m frequently seeing 3-5 year old versions of that car with 30,000 - 40,000 miles on them with asking prices of around 700 - 750,000 TWD.

Can you provide a few examples? Note that a new car advertised at 850K will cost quite a bit more to get on the road and a used car asking 700 to 750K will have a negotiable cream built in.