145
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 10 Aug 2023
145 points (94.5% liked)
Personal Finance
3799 readers
1 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
How old do you think the $5k cars would be if they were on the market?
I won’t say it didn’t hurt, but the article is about 15k cars.
They do specifically list out the fraction of the market each price bracket constitutes though. This feels more specifically targeted at the kinds of PF advice that would say to look for a "decent condition low miles" beater for $5k. This shows that segment of the market literally does not exist anymore. The equivalent cars are now $15k+ which has VASTLY outstripped inflation from when I first started seeing that rhetoric (2010 or so).