$50,080 for the average cost
- Thread starter odie
- Start date
The thing is not everyone has an average income. It's a lot easier for someone to buy a BMW when they make $250K a year vs someone buying a base model Civic that makes $40 an hour. A lot of people here would love to make $40 an hour and for some that would be a pay cut.
You did the right thing. The Ford Bronco is a nightmare. Ford dealerships are packed with them for service. Stay away they are not reliable.
I earn on the upper end of your example & haven't come close to spending $50k on a new car, ever. I tend to keep vehicles for a long time but can't justify the outlay of cash for something I can find much cheaper to do the same thing (even if its used, CPO, etc..).
last year, I lived in a literal ghetto apartment complex in inner city Pompano Beach FL. Awful rating on google.
The lot was filled with expensive, newer vehicles. Reality is, a lot of poverty is perpetuated by choice, not by circumstance.
If you can’t afford a home, you shouldn’t be burning your money on a superfluous vanity token to impress people with the attention spans of goldfish.
The lot was filled with expensive, newer vehicles. Reality is, a lot of poverty is perpetuated by choice, not by circumstance.
If you can’t afford a home, you shouldn’t be burning your money on a superfluous vanity token to impress people with the attention spans of goldfish.
I believe dealers/distributors are a big factor. The cars on the lot are mostly mid to high end package options. Go to a Toyota dealer and try to fine ONE vehicle on the lot without an inflated $299+ all weather package (floor mats). Manufactures also inflate prices with packages vs line item options (do I want heated seats? Sure. Do I want dual-zone automatic climate control? No. But on a Tacoma you can’t have one without the other 
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Yeah... We're done buying new or just a few years old. Hence the last 2 being sub $10k and paid in cash.
AZjeff
$50 Site Donor 2023
AZjeff
$50 Site Donor 2023
Nobody sees where you live. Everyone sees what you drive.
GON
$175 Site Donor 2026
The point of the comment was- are vehicles unaffordable--- or are consumers buying on their wants, and not their needs. Can the majority of people driving a full size SUV or pickup- do ok driving a Toyota Corolla if affordability became a want?
Maybe the survey might have come out with different numbers of rather than looking at the average selling price of a new vehicle, instead take the base price of all new vehicles, add the prices up, and divide by the amount of vehicles. One could then say the average base price of a new vehicle is $$$, before options.
I've made this very point in various threads here.
Wife and I like to joke that people are driving their vacations, or even their retirement.
If people would take a more analytical approach when buying transportation we'd see a very different new vehicle market.
The downside is that any loss of high profit pickup and large SUV sales would be catastrophic for at least a couple of the major players in this space.
If you don't keep your cars past warranty period, and a loaded one can be sold for a better price it might actually work out?
I keep my cars until the wrecker comes get them, so base model with a few choice options is it for me. Or no options if the base model covers my wants, like a lot of cars do these days.
Is accurate but can make the same argument for size of houses and amount of designer clothes in the closet. The entire fake global economy is based on consumer spending and required to prop up the global reserve currency.
The thing about the old days: they the old days
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Today's base models often have what were considered luxuries and loaded options in the past.
It's because those darn electronic gizmos and emissions...
The frustrating part of an economic implosion is that all the middle class workers will lose their jobs, but the CEOs get away carrying their millions and millions. It’s one thing I appreciate the Japanese manufacturers over domestics. Japanese CEOs are paid like 27x the average salary. American, it’s like 100x
Lack of EV subsidies will drop prices.of a new vehicle . Do I hear $50,090 ? Going , Going , Going , ... . The story is at AutoGuide .
American CEOs are paid in stock but they're 1 of thousands of employees. Japanese manufacturers will keep a company limping along well beyond it's expiration date because of all the tie-ins.