It made sense to me when I could take advantage of a tax credit for EVs in 2017. Now that car companies/dealerships simply jack up prices to eat that discount, it doesn’t make sense even in that case.
Buying a new car never really made sense to me even when you could afford it. 2 - 3 year old model is effectively brand new but a lot cheaper. Why pay more if you can pay less?
I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
Are any of you even able to afford new cars? Who the hell’s buying this shit? I probably won’t have a new car ever.
Also mind that soon these new cars will be used cars with the same bullshit.
Total new vehicle sales has remained roughly static for a little less than two decades. So yes, people can afford new cars.
For most, they can afford to finance them, but the rates aren’t looking too good lately
https://www.statista.com/statistics/290673/auto-loan-rates-usa/
Well yeah, they follow the prime rate.
Yeah rates alone have made financing a new car pretty stupid. Save as much cash as possible and spend within your means
It made sense to me when I could take advantage of a tax credit for EVs in 2017. Now that car companies/dealerships simply jack up prices to eat that discount, it doesn’t make sense even in that case.
Yes
Buying a new car never really made sense to me even when you could afford it. 2 - 3 year old model is effectively brand new but a lot cheaper. Why pay more if you can pay less?
Mostly social signalling
People are buying new cars. I’m guessing it’s mostly leasing.
People who have a college education and well paying jobs.
✅ well paying job
✅ Dropped out of college and went full time
I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
Fair enough
back in my day Spock had small hair