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Average Car Price Affordable Only To Washington, DC Customers
The Truth About Cars ^ | 3/14/14 | Cameron Miquelon

Posted on 03/14/2014 3:42:19 PM PDT by nascarnation

Unlike the average Beltway insider, a report by Interest.com claims the majority of medium-income American households in 24 of 25 cities studied cannot afford the average new-car price of $32,086.

AOL Autos reports the study focused on each city’s median income in relation to the new-car price average as pegged by Kelley Blue Book. Said price was broken down to monthly payments of $633 per month for 48 months with 20 percent down while interest, insurance and principal exceeded no more than 10 percent of the household’s gross income.

The only city out of 25 to pull off the feat? Washington, D.C., whose residents can afford the average of $32,531 on a new car, broken down to 48 monthly payments of $641.

(Excerpt) Read more at thetruthaboutcars.com ...


TOPICS: Business/Economy; Society
KEYWORDS: affordability; automobile; washdc
Well we knew this, but it's another piece of evidence. Get out the torches and pitchforks...
1 posted on 03/14/2014 3:42:20 PM PDT by nascarnation
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To: nascarnation

Wash DC is full of poor people. How the heck do ghetto residents buy these cars???


2 posted on 03/14/2014 3:46:03 PM PDT by Dilbert San Diego (as)
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To: Dilbert San Diego

They’re using the SMSA otherwise referred to as the “beltway region”.


3 posted on 03/14/2014 3:48:57 PM PDT by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: nascarnation

How about a medium income family in real America?


4 posted on 03/14/2014 3:50:05 PM PDT by Gabz (Democrats for Voldemort.)
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To: Dilbert San Diego

A person can drown wading across a river that averages 1 inch deep.


5 posted on 03/14/2014 3:53:37 PM PDT by UnbelievingScumOnTheOtherSide (HELL, NO! BE UNGOVERNABLE! --- ISLAM DELENDA EST)
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To: nascarnation

Fed government employees get compensation 50% above the folks who elect them.

Fed workers vote for dems who kick back wage increases in exchange for getting elected.

If that isn’t a bribe what is. Wink Wink


6 posted on 03/14/2014 3:56:38 PM PDT by Zenjitsuman (New Boss Nancy Pelosi)
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To: nascarnation

Not only the big sales price, but then you’ve got big property taxes every year afterwards. I dread having to get a new car.


7 posted on 03/14/2014 4:00:02 PM PDT by MUDDOG
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To: nascarnation

It’s no accident that most luxury models have increasing sales.

Fastest growing car companies, however, tend to sell a lot of cheaper cars outside the US market.

Pickups, SUVs, and midsize sedans still dominate the US market, but I’d guess disaster is looming: Too many people have vehicles they really can’t afford.


8 posted on 03/14/2014 4:02:13 PM PDT by jjotto ("Ya could look it up!")
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To: nascarnation

I bought a new car three years and put down money I had saved.


9 posted on 03/14/2014 4:10:02 PM PDT by Perdogg (Ted Cruz-Rand Paul 2016)
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To: Zenjitsuman

“Fed government employees get compensation 50% above the folks who elect them.

Fed workers vote for dems who kick back wage increases in exchange for getting elected.

If that isn’t a bribe what is. Wink Wink”

Total BS. Federal workers make considerably less than the going market salary rate.

On top of that Federal pay rates are graduated to each local economy.

The ONLY reason why they are higher here than most parts of the country is due to the cost of living in DC area. Check the housing prices here buddy.

After you burn down DC, I guess your next stop will be Silicon Valley and other high paying metropolitan areas right?

Go online and check the Federal pay scale. If anything Gov. workers in DC are paid an average of 15K less than their industry counterparts.

Get your facts straight.


10 posted on 03/14/2014 4:14:14 PM PDT by Hammerhead
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To: nascarnation

Just six months ago, I purchased a very nice Hyundai for well under $20,000 including all of the taxes and fees.Why would people pay more than that if they can’t afford it? There are quite a few choices in that price range.


11 posted on 03/14/2014 4:15:43 PM PDT by grania
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To: nascarnation
Why do peasants need big cars?

Or any cars at all, for that matter? Ever hear of public transportation? It helps keep the roads clear for people who need the roads, like government workers doing important jobs.

12 posted on 03/14/2014 4:22:10 PM PDT by sphinx
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To: nascarnation

We’re supposed to feel bad that the Average Joe can’t afford a car payment of more than $600 per month?


13 posted on 03/14/2014 4:30:55 PM PDT by 9YearLurker
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To: grania

Exactly.


14 posted on 03/14/2014 4:31:53 PM PDT by 9YearLurker
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To: Hammerhead

You can’t fool me.


15 posted on 03/14/2014 4:43:47 PM PDT by Neidermeyer (I used to be disgusted , now I try to be amused.)
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To: Hammerhead

A snippet from factcheck.org:

...the average salary for civilian federal employees was $81,258 in 2009 — about 61 percent higher than the $50,462 paid to the average private sector worker.

So, it was 61% higher a few years ago. I doubt much has changed.

The reason the cost of living is so much higher in DC is because the salaries of GERBs are so inflated — not the other way around.


16 posted on 03/14/2014 5:00:03 PM PDT by FerociousRabbit
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To: Zenjitsuman

Regarding your post #6, Federal government employees are not elected. This may come as a surprise to you. I imagine a lot of things would come as a surprise to you.

And that remark about federal workers working for Democrats and kicking back wage increases in exchange for getting elected, now that’s a good one. Wow! Your ignorance knows no bounds.

Perhaps you are speaking of members of the House and Senate. They get elected but I’m still wondering how they go about “kicking back” wage increases to those who elect them.

You really need to go about learning something about politics. You really do.


17 posted on 03/14/2014 5:52:05 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: FerociousRabbit

I don’t know where ‘Fact’ chucker get’s it facts but I live it everyday here partner.

Fact is I can pull 120K-130K in the private sector all day long but the same qualified Fed worker pulls in 15K less in the Gov. in THIS AREA.

Fact checker is full of it.

Don’t believe me, pull up a FY 14 Gov. pay scale then compare to the rest of the private industry in this and other high tech areas.


18 posted on 03/14/2014 6:17:14 PM PDT by Hammerhead
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To: FerociousRabbit

As a matter of fact, I won’t even consider going into the Government because the pay is so out of whack with what can and do make in the private sector.

Again, Factcheck is full of it.


19 posted on 03/14/2014 6:18:37 PM PDT by Hammerhead
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To: FerociousRabbit

I’m way more coin as a Project Manager than Gov. reps leading entire divisions WITH budget responsibilities.

There’s your fact check.


20 posted on 03/14/2014 6:20:23 PM PDT by Hammerhead
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To: grania

Was that a new Hyundai?


21 posted on 03/14/2014 7:24:54 PM PDT by Verginius Rufus
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To: nascarnation

I can comfortably buy a 10 year old car. I am looking at Honda Accords or Civics to replace a 1992... Honda Accord that I really do not need to update as everything works (after replacing the alternator and battery today!).

I would put down $2,000 and then can make the $200/month payments for 36 months. I would never pay more then $8,000 or a longer payment period then that.

Maybe I am cheap but a car I buy has 4 wheels like that brand new 2014 Honda Accord that costs $35,000 and has $1,000/month for 36 months payments.

Even at the ridiculous 72 months it is $540/month

Auto calculator
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full


22 posted on 03/14/2014 9:16:37 PM PDT by minnesota_bound
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To: grania
Just six months ago, I purchased a very nice Hyundai for well under $20,000 including all of the taxes and fees.Why would people pay more than that if they can’t afford it? There are quite a few choices in that price range.

Exactly. My loaded V-6 Camry cost under $28K. The same goes for houses - we stayed way below what we could afford and got what we needed and were able to make mods/upgrades to suit the wife without stressing our budget.

23 posted on 03/15/2014 4:08:34 AM PDT by trebb (Where in the the hell has my country gone?)
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To: Hammerhead

What he meant to say was 50% more because of 75 less production..


24 posted on 03/15/2014 4:19:46 AM PDT by DainBramage
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To: nascarnation

A big part of that cost is directly traceable to overwhelming and unnecessary government intervention and regulation.


25 posted on 03/15/2014 4:32:59 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Hammerhead

“If anything in DC are paid an average of 15K less than their industry counterparts.”

First - “Gov. workers” have no industry counterparts. There are NO civilian counterparts to the Military.

All other “Gov. workers” are parasites with Dictatorial powers and mindsets, similar to that jackass police officer in CN who recently stated he was looking forward to knocking down doors of gun owning Americans.

First we do away with “Gov. workers” and then the layers - only some pun intended


26 posted on 03/15/2014 5:20:48 AM PDT by DanZ
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To: DanZ

This is the second FR thread I’ve wandered onto this morning where a not-newbie Freeper was lecturing the other posters about how the government bureaucracy wasn’t BIG ENOUGH (my term).

What in the world is up with freerepublic.com today?


27 posted on 03/15/2014 5:29:21 AM PDT by GreenAccord (Bacon Akbar)
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To: GreenAccord

This is the second FR thread I’ve wandered onto this morning where a not-newbie Freeper was lecturing the other posters about how the government bureaucracy wasn’t BIG ENOUGH (my term).

What in the world is up with freerepublic.com today?
_____________________________________________________________

No kidding. Welcome to the new FreeRepublic where we are to believe that government parasites who do nothing and produce nothing are sadly under-payed even when this assertion is demonstrably false. When the AVERAGE govt salary is 50-60% higher than the AVERAGE private sector salary we are to feel sorry for those poor, poor government employees????

Perhaps we should just ask Jim to change the name of this site to DemocratUnderground? Oh, that name is already taken...


28 posted on 03/15/2014 7:43:17 AM PDT by FerociousRabbit
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To: FerociousRabbit

don’t forget the highly compensated contractors, subs, etc. All sucking from the taxpayer and living large.


29 posted on 03/15/2014 7:56:40 AM PDT by roofgoat
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To: Hammerhead

who gets better benefits and job stability?


30 posted on 03/15/2014 7:58:17 AM PDT by roofgoat
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To: Hammerhead

When you say Private Sector, do you really mean contractors that are being pad by taxpayers? Then of course you are right. Still coming from my pocket.


31 posted on 03/15/2014 7:59:59 AM PDT by roofgoat
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To: roofgoat

don’t forget the highly compensated contractors, subs, etc. All sucking from the taxpayer and living large.
_____________________________________________________________

A couple of Freepers will no doubt claim that these are the poorest among us and need welfare, food stamps, subsidized housing, etc. just to survive...


32 posted on 03/15/2014 8:02:15 AM PDT by FerociousRabbit
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