I grew up in New Haven.
Every May the Yale students leaving town to go home would sell their cars at low prices to get rid of them quickly. In September when the Yale students returned I was able to sell it for $350.
Since the 1970s I have bought many low mileage luxury cars in Florida at low prices (averaging $5000 less than they sell for up north). Unfortunately, when the elderly grandparent dies in the condo in Florida, the family doesn’t want to deal with disposing of things, just fly south, grab the bank accounts, jewelry then list the condo for sale and ask the agent to sell off the car as well.
One time I was was buying such a condo (to add to rental portfolio) and it was $35,000 if I also took the 6 year old Cadillac with 18,000 miles, or $40,000 without the car. I took the car. After closing, I drove the car to a major used car dealer and got $8,000 for it. He probably sold it for $15,000.
I often bought off lease cars for my children. These cars sold by the manufacturer’s leasing division come with all the service records and have been well maintained.
As they say, cheap is dear, BUT Cheap refers to quality, inexpensive refers to price.