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Average car costs $31K, depreciates 15% every year, sits idle 95% of the time
Posted on 5/12/15 at 2:21 pm
Posted on 5/12/15 at 2:21 pm
Talk about an industry that is ripe for disruption. I think driver-less cars and companies such as Uber and Lyft will change the face of the automotive industry for ever, especially in the urban areas, in the next decade.
15
Posted on 5/12/15 at 2:22 pm to euphemus
You must be a bot.
Posted on 5/12/15 at 2:23 pm to euphemus
quote:
depreciates 15% every year,
Depreciation drops to near 0% if you maintain a speed of 150mph.
Posted on 5/12/15 at 2:23 pm to VetteGuy
Someone just finished watching hottub time machine 2
Posted on 5/12/15 at 2:24 pm to LucasP
quote:
Depreciation drops to near 0% if you maintain a speed of 150mph
nice throwback 
Posted on 5/12/15 at 2:25 pm to LucasP
Posted on 5/12/15 at 2:26 pm to euphemus
quote:
companies such as Uber and Lyft will change the face of the automotive industry for ever,
other than an easy to use app, these companies do nothing that taxi companies haven't done for the last 60 years. what are they going to do to change the world?
Posted on 5/12/15 at 2:26 pm to Hermit Crab
quote:
other than an easy to use app, these companies do nothing that taxi companies haven't done for the last 60 years. what are they going to do to change the world?
Obvious troll is obvious.
Posted on 5/12/15 at 2:28 pm to Hermit Crab
quote:
other than an easy to use app, these companies do nothing that taxi companies haven't done for the last 60 years. what are they going to do to change the world?
Personal cars is a pretty big difference.
And its cheaper, more reliable, and easier to use.
Posted on 5/12/15 at 2:29 pm to LNCHBOX
Never underestimate the shortsightedness of America
Posted on 5/12/15 at 2:31 pm to euphemus
I paid 195k for my baller ride and u wanna fite me irl bro? I'll even drive to your trailer bro
Posted on 5/12/15 at 2:32 pm to LSUzealot
Price you pay to stay away from minorities and the poors on public transportation.
I'll pay it gladly.
I'll pay it gladly.
Posted on 5/12/15 at 2:32 pm to Hermit Crab
quote:
other than an easy to use app, these companies do nothing that taxi companies haven't done for the last 60 years. what are they going to do to change the world?
We decided to get rid of our 2nd car in Houston because of Uber. My wife would not be okay with taking taxis instead. Uber is a good experience and she feels safe
Posted on 5/12/15 at 2:33 pm to euphemus
It's why I only buy used cars and write checks for them.
Posted on 5/12/15 at 2:35 pm to TigerBait1127
quote:
. Uber is a good experience and she feels safe
Guess she overlooks the raping and kidnappings then huh???
Posted on 5/12/15 at 2:35 pm to euphemus
Easy to solve.
Don't buy new. Save car payment in savings. Pay cash for new car every five years.
Heck the car I have now (2008 Maxima) will be driven into the ground.
I'll have quite a bit saved for another when it dies.
Don't buy new. Save car payment in savings. Pay cash for new car every five years.
Heck the car I have now (2008 Maxima) will be driven into the ground.
I'll have quite a bit saved for another when it dies.
Posted on 5/12/15 at 2:35 pm to LucasP
quote:
Depreciation drops to near 0% if you maintain a speed of 150mph.
Posted on 5/12/15 at 2:36 pm to goatman1419
quote:
Guess she overlooks the raping and kidnappings then huh???
No, she just understands statistics and risk management
quote:
goatman1419
Ahhh
This post was edited on 5/12/15 at 2:36 pm
Posted on 5/12/15 at 2:38 pm to euphemus
in the future people will most likely not need to own a car. once driverless cars are the norm you will be able to schedule cars to come pick you up for everything from your commute to work to long road trips.
This is going to happen in the next 20years. Bank on it.
This is going to happen in the next 20years. Bank on it.
This post was edited on 5/12/15 at 2:39 pm
Posted on 5/12/15 at 2:38 pm to gatorrocks
quote:
Easy to solve.
Don't buy new. Save car payment in savings. Pay cash for new car every five years.
Heck the car I have now (2008 Maxima) will be driven into the ground.
I'll have quite a bit saved for another when it dies.
Not necessarily better than financing depending on the rate. That money isn't doing much for you
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