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Message

re: The average car is now 12.5 years old and the interest

Posted on 5/14/24 at 9:06 am to
Posted by Revelator
Member since Nov 2008
58225 posts
Posted on 5/14/24 at 9:06 am to
quote:

Dude, this is a generational issue not just an administration problem



Sure. Keep thinking that
Posted by frequent flyer
USA
Member since Jul 2021
2994 posts
Posted on 5/14/24 at 9:06 am to
quote:

Chevrolet Colorado's are $40k!! And then they keep their value like crazy. No real deals on used ones unless they are packed with miles.


At this exact moment, the Chevy Colorado/GMC Canyon, the Honda Ridgeline, and the Nissan Frontier are probably the most reliable mid sized trucks you can buy. They aren't horribly priced if you can be careful with options, but they just don't have many discounts either.

A previous generation Tacoma without the turbo motor, that is probably a very safe bet from a reliability standpoint. Those are usually pretty bulletproof, but the new ones have had some embarrassing issues. Not as bad as the Tundra so far, but Toyota's reputation has definitely taken a hit.
This post was edited on 5/14/24 at 9:07 am
Posted by AwgustaDawg
CSRA
Member since Jan 2023
7349 posts
Posted on 5/14/24 at 9:07 am to
quote:

Dude, this is a generational issue not just an administration problem


In about 54 or so years we went from a nation where a single blue collar salary was not only sufficient to raise a family but also look forward to a comfortable retirement and a vacation every year. We went to it taking 2 salaries and then 2 salaries and a mountain of debt. It is now far more important to be able to buy a 3 pack of Tee Shirts made in Bangladesh of Indian cotton for $10 instead of the same 3 pack of shirts made in West Point Georgia from cotton grown in Mississippi for $14. That $4 is nice but the true cost is faaarrrrr more than that. Not only have we seen where this leads we are no convinced that paying $6 for a Big Mac instead of $4.50 due to an increase in production costs related to labor is just too much to take. A heaping pile of our financial angst and worry stems from within...we are all in on saving on cheap foreign imports but god forbid our neighbor earn a living.
Posted by meeple
Carcassonne
Member since May 2011
9429 posts
Posted on 5/14/24 at 9:08 am to
quote:

about to buy a 9 year old truck for 10k.

Where did you find it? Not specifically… but a dealer, FB marketplace, parking lot ?
This post was edited on 5/14/24 at 9:09 am
Posted by Bamafig
Member since Nov 2018
3172 posts
Posted on 5/14/24 at 9:08 am to
2002 Z71. 335,000 miles. It ain’t pretty but I haven’t had a truck payment since 2003 (different truck that my wife totaled right after paying it off)
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124630 posts
Posted on 5/14/24 at 9:08 am to
Remember cash for "clunkers"?

When they destroyed a bunch of older vehicles to give people what amounted to a pittance to buy new vehicles?

And so now all those older vehicles are out of the market (or were just resold in Mexico/ s. America.)




Wait a minute...I see vehicles being hauled with lN TOW tape on them all the time, I'm guessing down to Mexico, where they are fixed.

How much does it cost to buy a vehicle in Mexico and bring it back here?
Posted by Kolbysfan
Tennessee
Member since Jun 2007
1828 posts
Posted on 5/14/24 at 9:08 am to
2014 Ford Focus-162k. I commute 70 miles / day. I plan to buy used and pass my focus to kids for their first car.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
7349 posts
Posted on 5/14/24 at 9:08 am to
2014 GMC SIerra 3500. 97,000 miles. The last truck I ever buy unless I hit the lottery.
Posted by Boudreaux35
BR
Member since Sep 2007
21604 posts
Posted on 5/14/24 at 9:11 am to
quote:

My truck is 7 years old, and I hope to get another 7 out of it. They just aren't worth what they cost now to me.


Way cheaper to rebuild. Crazy, but facts.
Posted by Chad504boy
4 posts
Member since Feb 2005
166607 posts
Posted on 5/14/24 at 9:13 am to
quote:

The average car is now 12.5 years old and the interest


mine is exactly 12.
Posted by CatfishJohn
Member since Jun 2020
13765 posts
Posted on 5/14/24 at 9:14 am to
Things I look for in a vehicle:

- reliability
- leather seats
- AWD
- Apple CarPlay
- at least decent fuel efficiency
- back seat adults can sit in
- trunk my golf clubs can fit in
- not objectively ugly

Things I like, but not required:

- heated and air conditioned seats

Things I don't want:

- stupid technology that will just break and render parts of the car nonoperational. I hate the big ipad screens, give me buttons and a screen just big enough for Apple CarPlay to be useful.

Things I don't give a shite about:

- everything else
- car being new



Find me a car!
Posted by mtntiger
Asheville, NC
Member since Oct 2003
26668 posts
Posted on 5/14/24 at 9:16 am to
quote:

I’m about to buy a 9 year old truck for 10k. It’s got 90k miles but it’s in great shape. I don’t need all the modern bullshite that comes with newer models. I’ll probably keep it for 5+ years or until repairing it costs more than it’s worth


Bought a 2011 last year for $9500 out the door.

Engine is in great shape. Everything works, and I paid cash.
Posted by LSUfan4444
Member since Mar 2004
53969 posts
Posted on 5/14/24 at 9:18 am to
quote:

In about 54 or so years we went from a nation where a single blue collar salary was not only sufficient to raise a family but also look forward to a comfortable retirement and a vacation every year. We went to it taking 2 salaries and then 2 salaries and a mountain of debt. It is now far more important to be able to buy a 3 pack of Tee Shirts made in Bangladesh of Indian cotton for $10 instead of the same 3 pack of shirts made in West Point Georgia from cotton grown in Mississippi for $14. That $4 is nice but the true cost is faaarrrrr more than that. Not only have we seen where this leads we are no convinced that paying $6 for a Big Mac instead of $4.50 due to an increase in production costs related to labor is just too much to take. A heaping pile of our financial angst and worry stems from within...we are all in on saving on cheap foreign imports but god forbid our neighbor earn a living.
BETA Page


No no no no no. This started with Biden.

I know this cause I read the OT
Posted by MasterAbe1
Member since Oct 2016
5053 posts
Posted on 5/14/24 at 9:19 am to
Bought a 2018 Ram back last year on a fair deal (got it for 23k with 45k miles on it) And I will be driving that truck until the wheels fall off, it’s just a tradesman so doesn’t have all the fancy new gadgets which is what I like.
Posted by LNCHBOX
70448
Member since Jun 2009
84373 posts
Posted on 5/14/24 at 9:20 am to
quote:

No no no no no. This started with Biden.



Pretty amazing under W, Obama, and Trump I was able to secure much better financing rates for new vehicles while at the same time having worse credit than I do now.
Posted by LSU1SLU
Member since Mar 2013
7150 posts
Posted on 5/14/24 at 9:22 am to
quote:


Everyone keeps saying “_____” is not sustainable.

It is as long as people are fine living in debt and working until they die.


but what do we do to change it? Seriously I need help as much as the next
Posted by Norbert
Member since Oct 2018
3191 posts
Posted on 5/14/24 at 9:22 am to
quote:

For me it’s just a way to get from point A to point B.


When I was younger, I always thought if I worked my way into a strong salary I would buy a nice vehicle for myself.

Now I have zero interest in doing that. I make a good living and drive a paid off POS. The prices are outlandish. So is the insurance (thanks Gordon et al), and a lot of the features aren’t necessary.

My wife has a 3 year old nice SUV, but it’s only because our other one was totaled during Covid hysteria. Those were weird times to look for a used vehicle.
This post was edited on 5/14/24 at 9:26 am
Posted by dek81572
Bossier City
Member since Apr 2012
902 posts
Posted on 5/14/24 at 9:25 am to
At least modern vehicles last longer and are more efficient. You were lucky to get 100,000 miles out of a vehicle back before the 80's, but then again, vehicles didn't cost what they do now. The average price of a vehicle in 1975 was $4800, that's $27,000 in today's money, the average price of a vehicle today is $47,000. a $20,000 mark up since then.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35567 posts
Posted on 5/14/24 at 9:25 am to
quote:

much better financing rates


Haven’t we been bitching about how 15 years of low rates have come to frick us?

Posted by LNCHBOX
70448
Member since Jun 2009
84373 posts
Posted on 5/14/24 at 9:26 am to
quote:

Haven’t we been bitching about how 15 years of low rates have come to frick us?



Have "we?"
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