Posted on 07/21/2017 9:06:34 AM PDT by Lorianne
“Unions have driven the cost of cars up more than anything else.”
You forget ...
Govt dictates in every way have driven up the cost of new cars. Emission, multiple air bags, back up cameras, mileage requirements, and on and on.
There is a wide range of price points in the auto market. I bought a Hyundai Accent for around $14 K. I just commute back and forth from work so it is perfectly fine for me. Unlike housing where location is very important a car is a car and so what if one cannot afford a BMW. My Hyundai gets me to where I need to go exactly the same way as a luxury car.
I just bought my wife a certified 2016 Hyundai Sonata for $14,500 with 37,000 miles from Enterprise. It satisfies her needs of less than 6,000 miles per yr driven.
Sure can’t tell from the bombardment of TV ads you get from car dealers.
“None of this 72 months and no down.”
Back then there was no need for ‘gap insurance’
Today, so many are underwater for the entire life of the car.
I couldn’t get past the hashtag-fake president. Didn’t we dump the fraud in November? Why, yes! We did! Where do they get this stuff?
Right, except that Charger would cost $21,276.49 in today’s dollars. Still quite a bargain though.
“Only in Washington, DC, where the median income is over $100,000, are people able to afford a new car.”
That’s a lie, pure and simple. (The author, not you.)
“I just bought my wife a certified 2016 Hyundai Sonata for $14,500 with 37,000 miles from Enterprise. It satisfies her needs of less than 6,000 miles per yr driven. “
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Good for you.
.
I currently drive a 1999 Sienna with 242K that I add coolant to daily and oil (valve cover gasket leak) once a week. Has other issues as well, but I don’t want to spend $2K on it.
We have 33 payments left on a ‘15 Highlander. I dread adding on another car payment. I hope that whoever is driving my next car is taking good care of it.
Cost of living went up.....wages stagnated.....standard of living went down.
Just like houses, if you have good credit, a down payment and reasonable expectations, you can have a very nice new car.
This is just inciting more class warfare and trying to get cars added to the list of “rights”.
Medical premiums will be more than the cost of a mortgage and already is for many.
Everything is so upside down.
I didn’t pay cash but five years ago I bought a 2005 Mercedes with 50,000 miles - for 1/3 of the sticker price. The only problems I’ve had were a cracked rim (was repairable) and a Crankshaft Position Sensor, which cost $35, installed myself.
...been a great car.
In 2015 I bought a certified pre-owned 2014 Jeep Rubicon with just over 14K miles. Some poor schlub paid a lot of money for the privilege of breaking in the engine for me :)
You got that right. Low mileage CPO is the only way to go. Previous car was a MB E550, current year model, 5k miles, better warranty than a ‘new’ car. Still smelled new. Saved $thousands! Similar deal with current car. (2013 SL63 AMG. 600 hp. I love capitalism!)
Using NADA
A Cadillac XTS, Luxury AWD trim, costs brand new $50k.
2014 same car w/ 25k miles, at a dealership is $27,800.
56% of the cost of new.
Only until it’s SUV “Womanized” with, super strong, heavy duty, coil springs, high shocks, 22” tires, on an 18” wheel rims and a 12+” height ground clearance.
I hate the deceptive advertising done by all car dealers who emphasize a “low” monthly lease price while the fine print tells you to first lay down a whopping heap of cash before you get the “low” monthy lease price.
Of course it is. Fun to make today dollar comparisons to yesteryear dollars, though.
But notice that today’s car is 50% costlier in constant dollars. Most all of that increase is due to government regulation. Of course, that HAS made cars a LOT safer and cleaner, no doubt about that.
“That’s a lie, pure and simple. (The author, not you.)”
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A agree, (With you,not the author.):-)
.
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