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re: 8% of New Vehicles on the Market Cost Less than $30K
Posted on 8/7/23 at 9:20 am to Fat and Happy
Posted on 8/7/23 at 9:20 am to Fat and Happy
quote:
And yet, people are gladly paying over $1000 a month on a vehicle note
Just absolutely retarded. I’ll never buy a brand new vehicle again
Posted on 8/7/23 at 9:30 am to financetiger38
quote:
Just absolutely retarded. I’ll never buy a brand new vehicle again
At least right now, the used car market doesn't offer all that big of a savings over the new car market.
Another interesting thing is the concept of "forced obsolescence" in the car industry. Today's vehicles are so computer reliant that it may be likely a car's potential lifespan is hard-capped because the technology to keep them running for a long time will constantly change an eventually become unavailable.
With a little bit of effort and TLC, a car from the 60's and 70's can still run today with no issues. If something breaks, you can often still fix it. But what happens when something breaks on your 2017 vehicle and the critical computer component needing to be replaced is no longer available?
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