Originally Posted By: Rick in PA
This is an interesting point. My wife and I were recently car shopping and I noticed a lot of "luxury" brand cars on the used car lot. We didn't bother looking at them, I guess in part because we know they come with a "luxury" cost of maintaining (and insurance?). Unfortunately, not all buyers stop to consider that. I guess we'll be seeing more "luxury" cars draining the pocketbooks of those who can't afford it and breaking down on the side of the road.
10yo escalades appeal to a certain segment of society that can't afford a new one, but they might be able to swing the payments on the old one, at least for awhile.
I've been seeing more mazda millenias lately too, usually beat up. what was once a $40K car is now just a few thou, so I guess it's kind of economical now (until you realize what kinds of repairs pop up on an over 100K mile car...)
This is an interesting point. My wife and I were recently car shopping and I noticed a lot of "luxury" brand cars on the used car lot. We didn't bother looking at them, I guess in part because we know they come with a "luxury" cost of maintaining (and insurance?). Unfortunately, not all buyers stop to consider that. I guess we'll be seeing more "luxury" cars draining the pocketbooks of those who can't afford it and breaking down on the side of the road.
10yo escalades appeal to a certain segment of society that can't afford a new one, but they might be able to swing the payments on the old one, at least for awhile.
I've been seeing more mazda millenias lately too, usually beat up. what was once a $40K car is now just a few thou, so I guess it's kind of economical now (until you realize what kinds of repairs pop up on an over 100K mile car...)