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Started By
Message
8% of New Vehicles on the Market Cost Less than $30K
Posted on 8/7/23 at 8:21 am
Posted on 8/7/23 at 8:21 am
I really don't understand how people do it.
Posted on 8/7/23 at 8:22 am to Aubie Spr96
That is a higher number than I thought
Every car has 40 charging ports, air conditioned rear seats, lcd panels galore, etc. No wonder costs are so damn high with that many options.
Every car has 40 charging ports, air conditioned rear seats, lcd panels galore, etc. No wonder costs are so damn high with that many options.
This post was edited on 8/7/23 at 8:24 am
Posted on 8/7/23 at 8:24 am to Aubie Spr96
That's surprising, $20-30K is cheaper than MANY of the used trucks I've been looking at.
Posted on 8/7/23 at 8:25 am to Aubie Spr96
Lots of people living under a metric frickton of debt
One whisker away from being totally fricked
One whisker away from being totally fricked
Posted on 8/7/23 at 8:25 am to Aubie Spr96
Most of the US has no choice but to buy a car to do anything they need to do. Travel to work, pick up groceries, etc. Automakers do not care. That 2008 bailout looking more and more nefarious by the day.
Posted on 8/7/23 at 8:25 am to Aubie Spr96
Bring back the Yugo!*
*Google for those too young to remember.
*Google for those too young to remember.
Posted on 8/7/23 at 8:25 am to Aubie Spr96
The least affordable market is a no shite comment.
And yet, people are gladly paying over $1000 a month on a vehicle note
And yet, people are gladly paying over $1000 a month on a vehicle note
Posted on 8/7/23 at 8:26 am to Aubie Spr96
Is this MSRP or the sale price after the mark ups dealers are putting on them these days?
Posted on 8/7/23 at 8:26 am to Aubie Spr96
Of course 100% of the people prefer an over-priced vehicle vs having to walk everywhere.
If people want cheaper cars market forces will work unless government fricks with it.
If people want cheaper cars market forces will work unless government fricks with it.
Posted on 8/7/23 at 8:27 am to Aubie Spr96
quote:
re: 8% of New Vehicles on the Market Cost Less than $30K
Otherwise known by dealers as The OT Poor zone.
Posted on 8/7/23 at 8:27 am to Aubie Spr96
quote:
How
quote:
New vehicles
Posted on 8/7/23 at 8:37 am to Aubie Spr96
The design & build quality of modern vehicles is stupefying good.
That is expensive to achieve.
The useful life of vehicles with preventive maintenance and reasonable care is better than at any point in history.
Are there exceptions in the past 20 years? Yes, Nissan’s stupid transmissions and GM’s crappy valves but they are literally exceptions.
Folks do not take care of cars at all and do things with them that the cars weren’t designed to do and we still get 200,000 miles out of POS entry level cars.
And cars are much safer than ever.
And, the Feds have mandated strict environmental regulations on emissions.
Those improvements all cost money to achieve.
So there’s more value in cars today than ever before.
I’m not surprised that the average prices are higher.
That is expensive to achieve.
The useful life of vehicles with preventive maintenance and reasonable care is better than at any point in history.
Are there exceptions in the past 20 years? Yes, Nissan’s stupid transmissions and GM’s crappy valves but they are literally exceptions.
Folks do not take care of cars at all and do things with them that the cars weren’t designed to do and we still get 200,000 miles out of POS entry level cars.
And cars are much safer than ever.
And, the Feds have mandated strict environmental regulations on emissions.
Those improvements all cost money to achieve.
So there’s more value in cars today than ever before.
I’m not surprised that the average prices are higher.
Posted on 8/7/23 at 8:41 am to Aubie Spr96
Back in the late 90s/early 00s you could get a near top of the line Tahoe for just over 30k
Posted on 8/7/23 at 8:41 am to soccerfüt
My car crapped out on me in 2021. I was just going to get a used for the time being, but the prices were comparable to new ones.
Got mine under 30, but it wasn't by much. Not too much fancy stuff in it either.
Got mine under 30, but it wasn't by much. Not too much fancy stuff in it either.
Posted on 8/7/23 at 8:49 am to Aubie Spr96
If poor folks would stop being stupid and just buy a corolla or camera and stop paying twice as much, prices would dome down. I make almost $200k and drive a base model 2012 Tundra with 210k on it. Folks now days are stupid with money.
Posted on 8/7/23 at 8:50 am to Aubie Spr96
Buy what you can afford, not what you want. If you can’t pay cash, you can’t afford it.
Posted on 8/7/23 at 8:51 am to Aubie Spr96
I bit the bullet and downgraded. Drove F-150's my entire life but there was no way I was buying one at these prices where dealers want $60k after financing for a base model. Kept my beater for heavy work around the property but just laid down $10k on a $25k Kia Sportage as a grocery getter that I'll have paid off in a year or two. I'm only home about one week every two months so it made no sense to take out a freakin mortgage for a vehicle. I'll let you guys keep the prices high for a status symbol while I keep dumping money in my retirement account.
Posted on 8/7/23 at 8:57 am to soccerfüt
quote:
Those improvements all cost money to achieve.
Those improvements didn't happen in the past three years, which is when the price explosion happened.
Hell, cars made in the 90's got 200,000 miles and had all of the modern safety features standard. You still see lots of them on the road, especially in the working class parts of town.
Posted on 8/7/23 at 8:58 am to Aubie Spr96
here's the thing... the market supports it. if it didn't, cars would be cheaper.
Posted on 8/7/23 at 9:00 am to Aubie Spr96
quote:
I really don't understand how people do it.
1. Living under significant debt is not an untenable concept any longer. In fact, it has become more or less the norm.
2. In the car market most consumers really only look at their monthly note. They don't really care all that much about the total cost. If a 72, 84, 96 month note gives you a lower monthly payment they will happily take the loan for the inflated cost of the vehicle. Even though the "asset" they just purchased will depreciate significantly over the course of the loan term.
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