Average new car price is $50K ? Insanity.

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Whenever I leave the hood, I take the long route through the homes looking for private sales. I keep hoping I’ll run across an 86-year old woman with an old car that she doesn’t need because her husband passed away. This is where I think I’m going to purchase a so-called ‘beater’.
I’m still patiently waiting for my neighbor to put her 80’s (I think?) F-150 up for sale. That thing is mint.
 
My BIL ownes a 2018 Ford F-150. He said he was thinking about trading it in on a new one because he saw a little bit of surface rust on it the other day. He said the new ones are over $70K now, and he said his is still worth in the high 30s, which means he'll still be financing $40K on the new one. I asked him if he was nuts. He said he wants to trade his in while it's still worth more. I asked him why not keep it. That truck could easily last him another 10-15 years. He owns an insurance agency so I'm guessing he can afford a new one, but there's no way in h*** I'd spend that much on a new vehicle even if I could afford it...
 
My BIL ownes a 2018 Ford F-150. He said he was thinking about trading it in on a new one because he saw a little bit of surface rust on it the other day. He said the new ones are over $70K now, and he said his is still worth in the high 30s, which means he'll still be financing $40K on the new one. I asked him if he was nuts. He said he wants to trade his in while it's still worth more. I asked him why not keep it. That truck could easily last him another 10-15 years. He owns an insurance agency so I'm guessing he can afford a new one, but there's no way in h*** I'd spend that much on a new vehicle even if I could afford it...
I guess it's affordable as a buznes write off, but darn boys, do these co need to make such a profit on them (ford said no more 'cars' as there's less profit in them)?

"...Average 50K$..."
I thought 30K$. May B that's cheepest durable/reliable automobile today ?

I hope they put the $ into research (all the forms of product improvement cept more $ costsavings) so as to kick butt on the foreign co.s
Lets get more competitive usa~
 
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A Toyota exec feels average new cars prices could exceed $50,000 this year. How can anyone afford this?
The 1st new car I ever bought was my strippie 1993 Toyota 4wd PU for $14,000 all in. And that scared the heck outta me.
According to a construction manager I met last week, traffic flaggers on his jobs are making $52.50/hour. I tend to look at the number of hours ppl need to work at current wage rates compared to past. About 1/2 year to buy that "average" new car being that flagger. About the same time wise I paid for my first new car in 1974 graduating from college, but today's new car has so much more equipment, safety, and reliability
 
seasonally employed.
Today's incomes are way outta wack compaired to today's products (esp 'durable goods'). One example (is that of 'our own') from when they weren't so out of relation:
5 models (sedan, coup, FB, vert, station wagon) of 1 model, (different 'levels' w/in that model), 5 motors (i4, i6, bent8 in several diff displacements) and 3, 4 transmissions for EACH model were there cuz they wanted to 'woo away' your money, and yours, and yours~
 
My BIL ownes a 2018 Ford F-150. He said he was thinking about trading it in on a new one because he saw a little bit of surface rust on it the other day. He said the new ones are over $70K now, and he said his is still worth in the high 30s, which means he'll still be financing $40K on the new one. I asked him if he was nuts. He said he wants to trade his in while it's still worth more. I asked him why not keep it. That truck could easily last him another 10-15 years. He owns an insurance agency so I'm guessing he can afford a new one, but there's no way in h*** I'd spend that much on a new vehicle even if I could afford it...

Ah, the art of trading in perfectly functional possessions to keep up with the rustling trends. How fascinating! Perhaps we should all start a 'Surface Rust Anonymous' support group to help people resist the urge to trade in their belongings at the first sign of oxidation. Imagine the meetings: 'Hi, my name is John, and I haven't traded in my car for surface rust in three years.' We could save so much money and become champions of patience and practicality. Who needs shiny new trucks when we can rock the 'Vintage Rust Cruiser' look? Maybe we're onto something here, a revolution against the automotive industry's rust-induced obsolescence. Let's rust-proof the world, one trade-in decision at a time!

What do you say? 😉
 
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