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Americans can no longer afford their cars
(www.newsweek.com)
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this post was submitted on 16 Jan 2024
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NEW cars. Used market is just fine but people always want that new new.
Absolute losers LOL
Someone is stuck in 2010s. The used car market has been ridiculously hot and not buyer friendly for several years now.
I haven't looked in 8 years. I am too afraid. Plan to just throw money at my existing car until I die.
Stick with the devil you know, baby. Just got my 1991 van back from the mechanic. Smells like a refinery fire, but it's fucking reliable.
Haha nice
I know right? I was in a real bind recently. My friend sold me his used car from 2005 for 1500 dollars and i almost sucked his dick
Have you looked recently? For the past few years buying new was actually cheaper than buying used, and factoring in manufacturer subsidized interest rates, the difference in the current market still makes new a viable option, unless you're looking at 10+ year old cars (which still start north of $10k these days).
Fortunately it's gotten modestly better in the last year, depending on what you're looking for. But yeah, 10 months ago when I was looking there was virtually no advantage to getting 2-3 year old models of the car I was looking for. Ended up getting a new one for the first time in my life (lucky enough to be able to afford it, though I had kept the previous one for 10 years partly saving up)
Yeah I've been keeping an eye open since my car is likely to die soon. Thankfully some of the specific cars I'm looking at have depreciated like rocks. I feel like I'm probably going to end up with one of the first gen Bolts that GM bought back during the recall, because they're (comparatively) super cheap.
The article also says used car market up 38%. Average costs up by more than the new car's percentage