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this post was submitted on 23 Feb 2024
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[Dormant] Electric Vehicles
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Can't have a supply of used cars without someone buying them new first.
I'm thankful for those who "take one for the team" so that I can buy at a palatable price. But when I think of how much my income would have to increase that I'd be comfortable paying new car prices, I don't believe there are that many people who are that rich to account for the number of new cars that get sold.
The reality is many new car buyers stretch their budgets a lot more than you and I would be comfortable doing. Lots of cultural conditioning, cars as a status symbol, etc mean lots of poor financial decisions.