New car sales dwindling due to high cost
- Thread starter odie
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< small hatchback . 
Well, when you have funny munny available to loan to anyone regardless of credit and you have a vehicle with a billion degrees of government meddling int he design, small wonder that the prices rose a lot.
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burrow money???
You digging it up or down
The Mitsu Mirage met all of US standards but didn't sell. New car buyers wanted something nicer.
There's not much of a middle class that buys new econoboxes anymore. And the rest of us who buy used, don't count towards what the automakers design.
Its just simple logic. Inexpensive cars and trucks are just not allowed into the US. Why? Gotta keep all those high union wages, and super fancy factory's going some how. In the 50's and 60's, there was no fancy painted factory floors or what ever, those where the days of "KISS" manufacturing. You know "Keep It Simple, STUPID!" Now its big pensions, and multi million dollar machines robots, fancy painted floors, lots of office space to fly paper airplanes etc.
And they still can't paint the parts for the vehicles good enough to keep the rust away.
And they still can't paint the parts for the vehicles good enough to keep the rust away.
And yet.... they still buy them. The real question is - How long will we be able to keep and maintain our current "older" vehicles? OEM parts are becoming more scarce and aftermarket parts lack the quality. Young people want their Teslas. Nope.... I'm holding out with my 25 year old car as long as possible.
That's why you make the payments to yourself for a year or more, then go in with a killer down. Better yet, save for 4 years and pay cash. In business we say, "Cash is king." It gives you options.
Credit is gaining an asset with other people's money, but there is a cost involved.
I won't even shop for new anymore. Can find used for under $20K that will last an additional 200K miles from purchase mileage and offer all the amenities I might want like a sunroof and heated seats. Don't need an iPad on the dashboard for what I need, old buttons and dials work just fine, not to mention, last longer and are much easier to diagnose when something does go awry.
Sad but true. But a big part of the reason the middle hollowed out was that easy credit let people buy $60k vehicles they really couldn't afford. But the auto industry decided to make selling loans and not cars its primary business. So they just started manufacturing collateral so they could sell loans.
Small wonder then that the collateral only had to last long enough to get through the loan.
One of the major factors in my choice to buy a GX460 was that the vehicle was sold all over the world and was essentially unchanged on major running gear for 12 years. That to me generally bodes well for parts availability and being able to find the diamond in the rough of this throwaway-vehicle-dominated market.
Yeah, airbag safety shouldn't exist.
On a serious note it has required federal standards for safety requirements that we all get to enjoy. Keeping the air and water we consume cleaner over time is a good value to push. While it's complicated vehicle manufacturing it also helps us evolve.
But to your point many need to give a lien on their house to borrow money. That being said I'm sure there are folks that completely overspent for vehicles on a regular basis. All to often I hear "I replace my automobile with a brand new one ever 10 years". Now that may not be the worst offenders but realistically why set a silly threshold? You know.. in my world I try to keep everything I buy used for as long as possible but safety has come at the push of gov. I consider that a good thing but I still don't buy the OEMs racking up their costs are inline with just said requirements.
I knew I misspelled it and put it in correctly on my last post. It's from all of that schmartness.
Exactly that is good advice. For some that could certainly be doable but we also understand not everyone.
Quick funny story: I joke to my wife that my father didn't have much to his name but he was better off than a lot of American households. He didn't owe any bank money.
Now I believe I need a higher standard to at least have a few goodies to my name but not necessarily at being in debt my whole life. Pay yourself first and try to live within ones means.
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BlockedI knew I misspelled it and put it in correctly on my last post. It's from all of that schmartness.
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Cash smash
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Precisely, I'm sort of a germophobe but some would never buy a "used" vehicle just because someone else breathed inside of it. Sound like an expensive phobia to have.
You do the same as me. I've been under the belief there are plenty of good used cars out there that we can pick out the features we want at a good discount. Just picked up the 17' Navigator for $19.5k w/75k miles. MSRP was $72,000..
. You can guarantee someone paid close to that or that much with a loan. I should get 100,000 miles or more out of this. I do add repair expenses but it ends up being cheaper and insurance is reasonable at 936 yr for $100 or $200 deductible (I forgot).
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I was in a new car yesterday where the salesman drove it and I wouldn't buy it because he brutalized it in his own stupidity... too dense to understand beating it like a race car in front of a customer be stubid..Precisely, I'm sort of a germophobe but some would never buy a "used" vehicle just because someone else breathed inside of it. Sound like an expensive phobia to have.
You do the same as me. I've been under the belief there are plenty of good used cars out there that we can pick out the features we want at a good discount. Just picked up the 17' Navigator for $19.5k w/75k miles. MSRP was $72,000..
