More than 80% of Americans can't afford a new car

Something will change and has changed. The majority can't afford it. So they will sell less or adapt.

At the same time there are subsidies for the type of car they want you to drive.

You can change the fact quite easily actually - just don't buy one. The overly indebted legacy US Auto Industry will most likely collapse under its own weight in the next recession, whenever that is.

There will just be a bailout of the US Auto Industry and 0% financing to help jump start sales like what happened in the Great Recession.

Too Big To Fail type of industry that gov will support.
 
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Or so the headline in the linked article asserts. I'm not looking for a new car and have no idea what the costs are other than to believe that new cars are very spendy and interest rates for financing are fairly high.

https://jalopnik.com/more-than-80-percent-of-americans-can-t-afford-new-cars-1850906956?

Thanks to rising interest rates, dealer markups, and a messed up supply chain, the cost of buying a car is through the roof. But have you ever considered what you might need to earn before signing up for a mammoth loan to finance a new car? Well, according to a new report, it’s actually more than the majority of Americans make right now.


No surprise as finance companies have been extending loan terms out well past 60 months for the better part of a decade.
 
80% of Americans may not be able to afford new but a good number of them will choose new and hump the payments over many, many months.
We should be thankful for those who can't afford new who keep buying them anyway. If it wasn't for them, there wouldn't be any used vehicles for us to buy...
 
Isn't $600/mo pretty low at today's prices?

I've never had a car payment, and having gone so long like that it seems ludicrous to consider it. I'd rather buy a beater and keep it alive .....which has been most of my vehicles come to think of it ;)
At today's prices, $600 a month would mean a financing term of 8 years or more...
 
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TPMS were required after the Ford Explorer rollover crashes when people didn't realize their tires were underinflated.
I've grown to like TPMS, although I don't like run flat tires. With TPMS it's possible, if not likely, to give you enough advance warning to pull over in a safe spot to assess the situation and/or change the tire.

Additionally, when I'm making one of my sporting mountain drives TPMS might save me from, say, understeering into the oncoming lane because of a deflating front tire.

This is an old picture of a tire from my non-TPMS BMW E46 that was going soft on me during one of those drives. Almost ground the rim into the roadway. Things happened fast. A warning light on the dash might have warned me before I dove into that right-hander. To use an old David Hobbs expression, I was "sucking air" for a few moments!

Scott

PS2 sidewall deflection in SSRs.JPG
 
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I've grown to like TPMS, although I don't like run flat tires. With TPMS it's possible, if not likely, to give you enough advance warning to pull over in a safe spot to assess the situation and/or change the tire.

Additionally, when I'm making one of my sporting mountain drives TPMS might save me from, say, understeering into the oncoming lane because of a deflating front tire.

This is an old picture of a tire from my non-TPMS BMW E46 that was going soft on me during one of those drives. Almost ground the rim into the roadway. Things happened fast. A warning light on the dash might have warned me before I dove into that right-hander. To use an old David Hobbs expression, I was "sucking air" for a few moments!

Scott

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Nothing wrong with TPMS or BUCs, I just don't want them federally mandated. We should be allowed to buy what we want. We should not be told what options we must have.
 
Nothing wrong with TPMS or BUCs, I just don't want them federally mandated. We should be allowed to buy what we want. We should not be told what options we must have.

So does that include all Federally mandated items? Such as ABS, Air bags, Collapsible steering columns, energy absorbing bumpers, seat belts, safety glass, Child seat anchors, crash standards, etc.?

Let's see how ludicrous your position is.
Does it?
 
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I ruined the right front tire on my 2002 Altima because I was on the highway when it started deflating. By the time I was able to get stopped, it was a too late. I wouldn't want to do without TPMS now. It's an easy way to monitor what's going on with your tires on the fly.
 
Nothing wrong with TPMS or BUCs, I just don't want them federally mandated. We should be allowed to buy what we want. We should not be told what options we must have.
Sure. Same for air bags and seat belts, and helmets? So some bumpkin gets in a wreck without wearing belts, maybe a disabled airbag, and gets crippled for life. Now the taxpayer gets to support him for the next 50 years. No thanks.
 
Nothing wrong with TPMS or BUCs, I just don't want them federally mandated. We should be allowed to buy what we want. We should not be told what options we must have.
The role of government is to make safe environment for everyone. TPMS lowers possibility of death, not only your death, but those in your vehicle, those driving next to you or in opposite direction.
Remember, before government regulated meat industry people ate rats, and it was not their choice. They just didn’t know it.
 
I worked at the Mobil station in the early 70's. #1 neglected component was tire pressure.
I was told that Europeans, maybe it was the Germans, regularly checked their tire pressure. Dunno if it's true, but just the same.
One time a guy came in with a way overinflated tire, like over 100 psi. "It looked low..." Of course he was the outlier; tires were always low, sometimes dangerously low.
Those were the days. I loved that job.
 
So does that include all Federally mandated items? Such as ABS, Air bags, Collapsible steering columns, energy absorbing bumpers, seat belts, safety glass, Child seat anchors, crash standards, etc.?

Let's see how ludicrous your position is.
Does it?
How far would you go, CKN? Federally mandated unicars that are all the same, do not allow any user input at all, require total location tracking, and do not allow any owner maintenance? Any other federal mandates you can imagine?
 
How far would you go, CKN? Federally mandated unicars that are all the same, do not allow any user input at all, require total location tracking, and do not allow any owner maintenance? Any other federal mandates you can deleted
 
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I worked at the Mobil station in the early 70's. #1 neglected component was tire pressure.
I was told that Europeans, maybe it was the Germans, regularly checked their tire pressure. Dunno if it's true, but just the same.
One time a guy came in with a way overinflated tire, like over 100 psi. "It looked low..." Of course he was the outlier; tires were always low, sometimes dangerously low.
Those were the days. I loved that job.
Agree with you @JeffKeryk. Back in the old days those old bias ply tires could have just 10 psi in them but they still looked properly inflated because of their stiff sidewalls.

Scott

Edit: You worked at Mobil, I worked at Texaco. When we answered the phone we used to say "Testixxx" We thought we were so clever...
 
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How far would you go, CKN? Federally mandated unicars that are all the same, do not allow any user input at all, require total location tracking, and do not allow any owner maintenance? Any other federal mandates you can imagine?
1. manufacturers already know where you travel. You have a cell phone. Therefore, that is obviously not your concern.
2. We have laws that protect consumers so they can do maintenance, laws created by the government.
Government/institutions are relationships between people. It is assembled by people like you and me. Our neighbors, friends etc.
3. If you should be wary of someone, it is interest groups that have access and money. If you think any laws pertaining to automotive or any other industry is written without input and desires from those same industries, then you obviously don't know how the system functions.
Boeing is a case in point when we talk about government and regulation. When the government delegated regulation to Boeing itself, 346 people died.
 
You asked an inflammatory question.

You asked an inflammatory question.
His quote:


So does that include all Federally mandated items? Such as ABS, Air bags, Collapsible steering columns, energy absorbing bumpers, seat belts, safety glass, Child seat anchors, crash standards, etc.?

Let's see how ludicrous your position is.
Does it?”

I used hyperbole just like he did. Yes it is inflammatory, but his response was just “you’re a hater.” Not the same thing.
 
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