- cross-posted to:
- [email protected]
- [email protected]
- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
- [email protected]
You must log in or register to comment.
Frankly, I make solid six figures and still have a hard time even contemplating buying a new car. With how much value is lost short-term it’s like just burning cash.
I think the best vehicular investment I’ve ever made was a moderately-used Chevy Volt for, like, ~14k. That thing is a tank and still gets some EV / efficiency cred.
I see so many people driving brand new vehicles, new jeep trucks and grand wagoneers. These vehicles start at like 60k and go up to like 100k. Yeah people can’t afford them, but they’re still buying them. They’re thinking it’s a tomorrow problem.
Ya loans are the way most people do these things. Or they love out of their vehicles. It’s crazy. Meanwhile I’m driving a vehicle from year 2000 that I’ve owned outright since 2009. Most I spent on a major repair was 6k. I’d be blown away if my total cost of ownership, including maintenance was over 25k. Unless you’re making 160k a year with no dependents I don’t know how these people do it.
probably making minimum payments on the debt and then trading up every few years - they’ve been in debt so long that it’s normal.
Or leasing.
Why do you need to buy new
Because covid destroyed the car supply chain and made new cars basically the same price as used
In some cases, used is actually more expensive because it’s available that day, whereas ordering a vehicle still takes 6+ weeks
And now we have strikes so we camt get new cars or parts to fix the cars we have. Fun times.
Strikes help the workers afford shit they wouldn’t otherwise, and has positive consequences for others in the same class
Yup, and that’s why I’m still driving my 15+ yo cars. I’d like to replace the gas guzzler, but I’m not spending $40k or whatever to do so.
Well certainly some people need to buy new. If they didn’t, there wouldn’t be used to cars to buy.
Warranty. Safety features. Advanced tech.
You can have that all with an older car. As far as I’m concerned, tech has regressed since car manufacturers decided to go touchscreen.
Safety technology absolutely has not regressed, new cars are safer than ever, and generally make the roads safer by A) having more assists and alerts for drivers and B) having better crash structure resulting in less fatal accidents.
And headlights that blind everyone around you
And front facing cameras because you can’t see what’s right in front of you in today’s huge ass trucks
Lies. advanced butt fans. Advanced lack of fuel economy.
Idc about any of the things mentioned, but anti-consumer, anti-repair bs has been increasing steadily for many years
This aligns with average in other countries.
So many corporations are about to start losing money in their pursuit of being greedy and fucking us over for more money. Like at this point I have enough money for food. That’s mostly it.
I have a friend in America who has to take 2-3 jobs just to be able to afford rent and basic living. It’s shocking that things have gotten to that point
It’s been that way since I graduated highschool back in the early 2000s. It just been getting worse since then.
the problem with capitalism is eventually you run out of poor people’s money
That’s certainly the problem I’m having
Marketplace on NPR yesterday was boasting about how job creation was outpacing population growth, and they claimed that the US was employing more people.
My ass was thinking “that logic only works if it’s one person, one job. And that isn’t the case for many Americans these days.”
Yep, Biden is making a huge mistake by leaning into the whole ‘actually, the economy is great according to these indicators we’ve picked!’. People know better from personal experience.
And Trump is taking advantage of this. Motherfucker has zero shame in lying to workers, telling them that his presidency will make their lives better, and then never say how that will happen. His platform is “trust me, I’m a rich guy.”
The thing is that according to liberal ideas, the economy IS doing great.
Anyone to the left of Joe Biden recognizes that it isn’t, but liberals are the majority of the democratic party. To them the “traditional” economic markers are the most important things to track, and those numbers all look good.
“Liberal” economic ideas have nothing to do with the living conditions of the average person, they have everything to do with the capitalist class being happy and “opportunity” being available to the working class. That’s why the economy in the 1910s could be described as healthy even though people were literally forced to live in tenement houses and were being locked into factories. That’s also why many liberal economists say that it’s possible for unemployment to get too low, because apparently that’s considered bad.
The question Joe Biden is answering when he says the economy is doing well is “are the capitalists happy and continuing to expand capitalism to extract as much wealth as possible from the working class,” and right now that answer is clearly yes.
Liberals don’t want employment to get too low, because that would give the working class actual negotiating power over working conditions without even having the need for unions.
Rename New York to New Amsterdam and make it a bicycle friendly city with additionally expanded public transport. Remove the need for cars.
I’ve been needing a car for about a year and a half now. My SUV was hit while parked and the insurance payout was atrocious to the market. The car prices especially right at that time made any vehicle out of reach. I’ve been pondering replacing it with a newer (not new) vehicle for the last year or so but the prices are still hyper inflated for even used cars. Thanks to Carvana, it seems. I think the car market will normalize, I think there’s a bubble. And I think buying a car within the last couple of years means you’re upside down in car payments unless the car stays super dependable and doesn’t get in an accident.
about $800 last year for auto insurance
this year the number is about $1400
same vehicle same city
income stayed the same if not lower due to less work
new vehicles are more than likely unaffordable seeing how expensive a ten year old vehicle is
how the f#%k are we not in the streets
Wow, and I thought my car insurance of €170 was expensive this year!
We’re not in the streets because a new sucker is born every day.
That’s ok, you only need 5% to buy new cars annually.
When I visited the US 80% also drove a car with dents.
When I was growing up in the US south we had a lot of retirees from up north who’d brag about how everyone where they were from knew how to drive in the snow and ice and we were pansies for not wanting to. I spent a few years working up north and those mofos have cars that look like they’ve been through a demolition derby coming out of every winter. They don’t know how to drive on it but they try anyway.
My rent eats 45% of my income. Ya im going to the cheapest car dealership and buying a used car that runs.
Yeah but the ones who can afford a new car can afford a lot of new cars… and yachts and all the land and social media platforms and space penis rockets and politicians and news networks. But soon it will all start to trickle down and we will feast on the soggy rancid crumbs our overlords have so graciously provided for us. For without them, we would be in the trees throwing shit at each other and eating leaves and shit.
Oh silly. They said the poors couldn’t afford them not that they would prevent them from buying them anyway and getting royally screwed. Auto loans are seriously SO predatory
Facts! I finally paid off my car earlier this year and there for a good while I thought I’d never see the day. Banks are a scam and the soulless sharks who run them will happily extort us poor whatever way they see fit to quickly extract every bit of money we have left before friday rolls around and we get that minimum wage check in so they can take every last cent again. Burn it to the ground.
B-but nobody wants to work! But they can’t get to work with no car! And they can’t go to work from the house they can’t live in because the rent is $3k. B-but nobody wants to work!
Why is no one calling bullshit on these numbers? 10%/mo of 100k/yr = $833 a month. That is a HUGE monthly loan repayment. That’s a $43,000 vehicle with nothing as a down payment. You can get a new car for less than half that. (And then on the next round you can trade in or sell your old one for more down payment.) Even if you figure that’s 100k pre-tax, you should still be left with roughly 70-80% of that, which is more than plenty for a basic new car.
I’m not arguing that inflation has been ridiculous, because it absolutely has. The bottom 90% of folks are getting fucked. But let’s use real numbers.
Except on that 43k you have tax and license and all the other bs fees…so you make your 8k down payment and end up financing the whole 43k and your payment is 800+/mo
Ask me how I know…
Buying old will always be cheaper, I’m not trying to argue against that. But the numbers you listed are going to depend on where you live. Registration will happen every year, whether you buy new or old, but buying an older car will save some money on those registrations. I’m really just trying to say that the same point can be made, but with reasonable and accurate numbers that the average consumer can relate to.
To put a finer point on it: The average car buyer who has $0 down is not buying a $43,000+ car.
I actually bought a new car earlier this year and am now looking to get rid of it and buy an old car that has a head unit and doesn’t track everything I do.
