Been watching used cars on Craigslist for a while, and cross-checking car prices with kbb.

Is it just me, or are cars not depreciating anywhere near as much as they used to?

I know newer engines can often do 200,000 miles. Longer engine life should imply slower depreciation. But I've seen quite a few Honda and Toyota and other top-notch engines develop major problems at 100,000 miles, too. We have a neighbor that spent about $3k on engine work on an Odyssey with 100k miles on it.

I'm kinda stunned to see someone asking $8500 for a nearly 10-year old 2004 Honda CRV with 93,000 miles on it (a recent Craigslist posting).

Does it make any sense to buy used any more?

Where do you find good deals on used cars? Craigslist isn't working for me.