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re: Car Sales Are Slipping Into Recession-Level Decline
Posted on 6/13/19 at 2:46 pm to CarolinaGamecock99
Posted on 6/13/19 at 2:46 pm to CarolinaGamecock99
It ain't helping them that cars last 4-5 times longer than they did 30 years ago. People are willing to commit to longer loans when they can keep a car longer and buying new cars every couple of years is seen as someone with poor financial sense by many more people now.
3
Posted on 6/13/19 at 2:50 pm to Obtuse1
quote:
It ain't helping them that cars last 4-5 times longer than they did 30 years ago.
I think you mean the loans, instead of the cars. Everyone
likes a new car, especially when you finsih paying off one. I think a lot of folks just don't feel right, unless they have a car payment. But when you now stretch out these car loans to 5, 6, 7 years, instead of the old standard 4 year car loans, you get what you get now.
Further, when more features have been required, like back up cameras, etc. the base costs will climb as well.
Posted on 6/13/19 at 2:56 pm to Obtuse1
quote:
It ain't helping them that cars last 4-5 times longer than they did 30 years ago.
This is a small factor, but many car makers have been making long lasting cars since the 80's. It's just taken American manufacturers that long to catch up, but they've mostly been caught up since the early 00's. I've had 2 Fords go well over 200k miles, which would have been unheard of in the 80's.
Posted on 6/13/19 at 10:37 pm to Obtuse1
quote:
t ain't helping them that cars last 4-5 times longer than they did 30 years ago.
Actually a good point that gets lost. Lots of mid-2000s vehicles still on the road and still look fine even thought they’re 10-15 years old
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