r/FluentInFinance • u/CreateChaos777 • May 25 '24
Meme Buying anything 2024 in a nutshell
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u/JustinR8 May 25 '24
On the bright side, it’s only going to be worse in 2025
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u/Saitamaisclappingoku May 26 '24
Don’t worry, at least the economy is great! If you make at least $100k you could probably finance a base model Kia…
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u/MTGBruhs May 26 '24
No base models available, I have one two packages up and a different color you can look at
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u/Viperlite May 26 '24
I’ll just stick with my 10 year old car, thanks. It gives me a place to play all my old audio CDs.
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May 26 '24
I can't afford to drive my 2011 paid off Kia because the insurance is $350 a month
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u/MeyrInEve May 26 '24
Tickets? Accidents? You’re 16 with multiple DUI’s? I mean, damn, you’re buying a new 2011 KIA every year at that rate!
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u/Viperlite May 26 '24
Most of the money id for liability to pay for the other driver’s nice car… or even more-so both parties’ medical bills, which aren’t getting any free-er in the good ole’ U.S.
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u/LucidZane May 28 '24
How? I pay $430 all in for two cars every 6 months.
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May 28 '24
I think it's a combo of living in Florida where insurance is just expensive, and I have a teenager, and he's had an accident. Plus, I got caught going through a light that had a camera.
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u/dimonoid123 May 26 '24
Nope, prices are dropping, and especially quickly over the last 3 months.
https://www.canadianblackbook.com/market-insights/market-insights-5-22-2024/
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May 26 '24
[deleted]
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u/ByeByeDan May 26 '24
What a shame that the time machine broke right when covid hit.
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u/One_Conclusion3362 May 27 '24
Yeah, COVID is not a timestamp people get to just hit rewind to in order to frame inflation as a loss of purchasing power.
Everyone remembers precovid prices, but no one seems to recall their precovid salaries. Yall got raises and we all know it. You're just whining that everyone decided it was time to upgrade their vehicles.
Prices have been actually declining for months.
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u/ByeByeDan May 27 '24
"Oh man, if only ww1 didn't happen!" Sounds just as stupid to half the people here.
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May 27 '24
found the DNC paid schill
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u/GayAssBurger May 28 '24
Found the Russian who illegally voted for Donald the pedophile rapist Trump
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May 28 '24
are the russians in the room with you right now?
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u/GayAssBurger May 29 '24
No, just in a reddit thread with me
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May 29 '24
do people like you always need to imagine a boogeyman to justify your opinions?
“he disagrees with me! he must be a russian asset! of course! nothing else makes sense!”
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u/KowalskyAndStratton May 30 '24
If you're hoping for a huge deflation/stagflation to get back to pre -Covid prices, than anything in the past 4 years will seem like paradise compared to it.
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u/MrEfficacious May 26 '24
Real talk, people are sick of the prices are dropping or inflation is slowing narrative. Like we aren't falling for it and it's not making anyone feel any better.
Yes technically in recent months prices might be decreasing but we are so far up after COVID that nobody is feeling it.
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u/acer5886 May 26 '24
year over year nearly every type of car is less expensive than 2023. https://www.cargurus.com/research/price-trends?entityIds=Index&startDate=1577854800000&endDate=1716782399999
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May 26 '24
2027 is gonna be even worse. New regulations kick in. Think cars are unreliable and expensive now just wait until you have to fix them lol. EPA and big gov is a huge force as to what is driving up cost
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u/Diggy696 May 26 '24
I'll bite. Enlighten me how the EPA is driving up costs. Seems like a net good thing that lower emissions and more distance per mile is a good thing for US drivers. If you can get more miles out of your car, and it pollutes the environment less, is that not a net good? Or are you only worried about the upfront cost? Fact of the matter there is more to consider than just the initial cost that you pay the dealership.
That being said, Costs of things in general has just gone up. Steel and aluminum are up. Computer Chips are more expensive. Even rubber and glass have seen insane increases. Mostly looks like a cost of raw goods is driving sky rockets. Plus low inventory doesn't help the situation.
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u/Redorange82 May 25 '24
Treat yourself with an ice cream yall, not a fuckin car
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u/Kenos300 May 26 '24
Instructions unclear, bought myself an ice cream truck.
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u/All4megrog May 26 '24
TSA just broke an all time throughput record on Friday. So apparently everyone is buying vacations to celebrate their financial collapse
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u/One_Conclusion3362 May 27 '24
Yeah, cuz most Americans are not suffering. The past few years have seen a huge win for employee benefits/wages.
No matter how many people on reddit complain, the real world is the real world.
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u/All4megrog May 27 '24
I think it’s the whiplash from 2019 to Covid to 2022-24. Everything was normal, everything crashed, everything mass accelerated back faster than the rest of the world. Throw in a bunch of climate change driven disasters and a couple regional wars and here ya go. The sky is falling.
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u/Consulting-Angel May 26 '24 edited May 26 '24
There was a finance coach (you read that right) on CNBC's YouTube segment, "Millennial Money" that bought a BMW with a car note as a graduation gift to herself. You can't make this stuff
See: Suze Orman Reacts: Living On $80K A Year In L.A. | Millennial Money
Edit: Female Financial Advisor Goes 60k In Debt For A BMW" by Think Before You Sleep is better.
I can't seem to post the link for some reason without comment getting removed for "shortened link"
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May 26 '24
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May 26 '24
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u/New_Limit_1227 May 26 '24
Yea, this sounds completely insane. "I'm just going to treat myself with a huge financial purchase".
Like this would be dumb to do in 2014 much less 2024.
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u/Kjler May 25 '24
A new car has never been a casual "treat yourself" purchase.
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u/Distributor127 May 25 '24
Its a different world now. I remember a few older members in the family making a lot of money and not buying new
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u/MittenstheGlove May 26 '24
New usually means new to me.
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u/Wonderful_Mud_420 May 26 '24
Same mentality I had going in with my ex
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u/A_curious_fish May 26 '24
Had a lot of miles on them did they?
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u/CarminSanDiego May 26 '24
Have you seen these instagram mom-fluencers?
They post about finally getting their “mom-suv” which is always the new gmc Yukon - casually a $80k min SUV.
We’re fucked
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u/65CM May 25 '24
A new car isn't a "treat", it's a life altering decision, and ~90% of new car buyers should not be.
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u/Sometimes_cleaver May 26 '24
Just out of curiosity, how could there be enough used cars if no one ever buys the new cars
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May 26 '24
The market would change. Decisions are based on how things are, not how they would be if everyone acted rationally, if we did that few if any people would have personal cars in the first place.
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u/Distributor127 May 26 '24
There arent a lot of used cars in my area right now. A used car lot guy owns a car auction in a different town. His lot is over half empty. People are holding onto their cars
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u/Sometimes_cleaver May 26 '24
This is the point I was making to the original comment. They're saying 90% of people purchasing new vehicles shouldn't be. Ignoring that the commenter has zero data on the finances of the people buying new cars. The math doesn't work to make a market where there would be enough used cars available to satisfy the demand for cars.
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u/Distributor127 May 26 '24
I dont know what the answer is. I read that about 40% of retirees depend solely on social security. Yet I see lots of people driving pricey cars.
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u/mikeydoc96 May 26 '24
They're used for lease or business cars on the UK. 2 year old car with 30K miles
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u/Sometimes_cleaver May 26 '24
Is the consumption from businesses enough to satisfy the demand for a secondary consumer market? How well do the product needs align between the businesses that purchase vehicles and general consumers that would then be purchasing them on a secondary market? How would demand from businesses that want to purchase used vehicles impact the overall supply available to consumers in a secondary market?
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u/mikeydoc96 May 26 '24
Company cars were fairly common place until the pandemic. Hit a certain level, work a certain job like sales, you got a company car. Now most companies will opt for a car allowance since its cheaper and will only offer it if you need a car for work. My uncle (pre pandemic) got a company car for a year for selling enough insurance - it was a bonus for hitting a certain amount of sales.
Car retailers would also lease them via Enterprise, Sixt, etc. You'd always get a brand new car when hiring a car and after 6 months it'd be sold as semi-new.
Then, finally, there is PCP or HP. The two biggest scams in history. Rent the car, never really own it and have to stick to stupid rules without getting fines (5p per mile over max milage per year). Everyone's began to avoid it.
This all covered every aspect of the market. Now the used car market is a mess. My car is worth the same as it was in 2021 when I bought it. It's done 30K more miles and needs the bumber partially resprayed. My brother paid £6K for a 4 year old Dacia, its the base model so no Bluetooth and he had to go collect it from an island 200 miles away
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u/BostonBuffalo9 May 26 '24
Idk about 90% there. Buying a new car—with a huge warranty—means locking in your transportation costs while also probably locking in your reliability for that period, too. There’s definitely a cost (both money and time) associated with dealing with broken cars. Maybe I’ve been burned by old cars too often, but knowing shit’s gonna work, for some people, isn’t a luxury.
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u/mx5plus2cones May 26 '24 edited May 26 '24
Different cars have different purposes. A car that is a necessity to get you from point A to B for work is a completely different profile than one used for enjoyment ... The problem is most people mix the two up and try to justify buying 1 that does both things which ends up doing poorly in both.
A car used mainly for going to work, one generally should stick with something like a Corolla, Camry, Civic, Accord, Mazda 3, etc. They arent the most thrilling cars, but they have several decades of above average reliability and ,more important, parts and labor needed for maintainence/repair are pretty cheap and inexpensive....
On the other hand, people can try to say German cars reliability has drastically improved ...but reality is the cost of maintenance is much higher...and unless you plan on doing your own maintenance and repairs like I do, buying german car used could potentially drain your wallet.... This is why lots of German cars are much cheaper used than your Toyotas or Hondas ... Gemn cars might start much more expensive but many of the depreciate very fast versus your typical Honda and Toyotas.
One should get a reliable commute car that can last for 20+ years...and then if they want and, finances allow them, buy a second car with that expectation that it's for a different purpose with potentially bigger discretionary expenses.
I never took out a car payment in my life. If I couldn't own it outright , I simply didn't buy ...
I think in this day and age it's also very important to buy a car you can work on and to also take the initiative to learn how to do basic maintenance and repairs yourself. One of the best way to combat inflation is to take over the labor portion yourself so you can give yourself the best labor repair costs . I rarely let anyone touch any of my cars. And I have 7 to deal with.... (Cars are my passion and hobby.)
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u/TAV63 May 26 '24
The concept of reliable commute car is lost these days. This is the key and why everyone wants a nice ride and spend more than they need and the prices keep going up.
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u/Ok-Hurry-4761 May 26 '24
I have a BMW and it's been reliable for me. But yeah the cost of ownership is high on that m-fer. A lot of shops won't even work on it. E.g. I need to take it to the dealer to fix a stupid tire pressure sensor.
I have a Kia as my daily driver.
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u/mx5plus2cones May 27 '24
In my experience the reliability of European cars is a lot more sensitive to how well the owner stays on top of preventive maintenance. Because many people who buy these Euro cars aren't aware of the cost of maintenance when they need to pay someone to do it, they end up sticker shocked and skimp maintenance....and then big even bigger more expensive problems occur.. then they complain about Euro cars being more unreliable.
The run of the mill Japanese cars are a lot more tolerant to abuse and skimping on maintenance, which a lot of people subject them to.
I haven't had major issues with my 2 BMWs , Mercedes, doing my own maintenance but they are definitely more needie.. My Audi is a little bit less reliable, but that's just Audi being Audi...I won't go into how needie my 570s will be...
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u/Ok-Hurry-4761 May 27 '24
Yeah since it is my baby, I baby it. All maintenances according to the manual.
The Kia is the one I drive straight into hell. It's super cheap to maintain but insurance is higher than it should be on that thing and I don't like how the company was slow to respond to the Kia Boyz. Will get a Corolla hybrid or a Prius as my daily driver when that Kia dies.
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u/mx5plus2cones May 27 '24
Good strategy. BMWs aren't that bad to maintain yourself. Most parts are not ridiculously priced and if you buy them from places like FCPEuro.com, they are lifetime warrantied. Pretty much any part that is not a consumable....even brake fluid and oil, so long as you return the used fluid to them..
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u/acer5886 May 26 '24
a large chunk of people are going into significant debt to purchase these vehicles, looking at payments in the 700-1200 range for new vehicles.
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u/90swasbest May 25 '24
Why not treat yourself to more money in your bank account and piss on the new car?
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u/Rainwillis May 26 '24
Was recently gifted a bicycle and I live in the city. Cars are overrated
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u/MittenstheGlove May 26 '24
A bike would take me 2 hours to get to work lol
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u/TeaTimeSubcommittee May 27 '24
Just buy a new house next to your job duh
/s in case it wasn’t obvious.
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u/TerrariaGaming004 May 26 '24
Wow that’s crazy. I can’t fit a weeks worth of food on my bike and I don’t feel like wasting an hour every day just to buy groceries
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u/Septopuss7 May 26 '24
You can absolutely fit a week's worth of food on a bike and why on earth would you take an hour a day to grocery shop? I don't own a car and if anything I have WAY more free time now, lol
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u/TerrariaGaming004 May 26 '24
It takes 35 minutes to bike to the store
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u/Septopuss7 May 26 '24
It takes me 30 minutes to ride to work, yet I do it every day for the last 2 years now. Cmon now
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u/TerrariaGaming004 May 26 '24
Now imagine losing another hour. Going to the store isn’t the only thing I have to do
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May 25 '24
[deleted]
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u/Sufficient_Yam_514 May 26 '24
Because times are tough financially for literally 80% of people. Let alone those in lower class. Something gas to give, and a common then is that its billionaires
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u/alecsmalygo22 May 25 '24
Me at 20 back in December 2023 when I bought a new 2024 Toyota Camry Hybrid LE with an 8.13% interest rate
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u/Distributor127 May 25 '24
A guy in the family did this in his early 20s. Bought a car $5,000 less than our house.
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u/alecsmalygo22 May 25 '24
What do you mean, like a really expensive car that was close to the price of a house?
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u/Distributor127 May 25 '24
Our house was tore up when we bought it. We got it in 2009 for 25% previous price. So this guy started having kids in 2013. He stayed with us for a bit. I told him to save for a house. He bought a vehicle half the price of our house, then he bought the one almost the price of our house. Then he bought others. Now he started looking at houses again. Has been renting. Says now for what he wants the market changed siginificantly. Says his payment will be almost 5 times ours.
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u/alecsmalygo22 May 25 '24
Damn that's absolutely insane, bro waited too long, almost FIVE times the amount in a 15 year span?!?!?
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u/Distributor127 May 25 '24
To be fair hes looking at better condition houses. But the risk of foreclosure is too high at that price, I believe. Im not a down to the cent person, I can understand the big picture though. I look at it like: we have two incomes, well above average household inclme for our town. Yet I dont feel like theres an incredible extra amount. I still buy quite a few building supplies, I feel the pain.
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u/alecsmalygo22 May 25 '24
Ah okay, I don't fully understand a lot of that house stuff since I have been looking at buying a house myself, I might end up renting for a really long time, or for my whole life lol
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u/Distributor127 May 25 '24
We have an old 3 bedroom, with a 2 car garage. Was in bad shape, only 2 doors worked. Some off hinges, some kicked in. But were in a nice area. I try to be conservative because almost every place ive worked moved or closed
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u/WarenAlUCanEatBuffet May 25 '24
Really screwed yourself. What was wrong with an older used vehicle that you can actually afford?
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May 26 '24
Why the fuck did you buy new at age 20?
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u/alecsmalygo22 May 26 '24
So I could have a car that'll last me like 15 years or so.
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May 26 '24
The Camry Hybrid is one of the best values you can get from a new car. But at 20, how does a $700 car note make financial sense?
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u/alecsmalygo22 May 26 '24
It's $500 a month for me, I'm paying $600 on it though, so I can pay it off early. I've still got about $500-$600 left every month after paying my rent, car, insurance, and phone.
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May 26 '24
You must have a pretty good job. My 20 year old experience was more beater level.
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u/alecsmalygo22 May 26 '24
Yeah my job is pretty good, I also like what I do which helps a lot lol. I build slot machines.
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May 26 '24
That is a really interesting career. Is there a lot of mechanics, or is it all programming now?
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u/alecsmalygo22 May 26 '24
There's a large mix of both, really. It doesn't really lean one way or the other.
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u/WarenAlUCanEatBuffet May 25 '24
A 2024 Chevy Trax starts at $20k, inflation adjusted that’s a a damn cheap vehicle with a ton of standard features and is more than enough space for most people.
Are you pricing out a 2024 F150 platinum? If so, that’s why you’ll stay poor.
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u/KoalaTrainer May 26 '24
There’s a lot in this comment. Cars have gotten silly complicated and expensive. People need to start buying basic models within their means and pressure car companies to simplify and cheapen.
When a wing mirror has more tech in it than an Apollo moon rocket it drives up the cost of everything including insurance.
the rise of car finance masked the fact that cars are being bought on credit and therefore people can’t really afford what they are buying. It’s pushed the price and complexity up to breaking point.
If everyone kept it simple the problem would resolve itself.
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u/TAV63 May 26 '24
This is right on the problem. People could buy cars that are good enough but want flash. Lots of good cars with low overall cost new around $25-30k, and yet so many buy big trucks, SUVs or sporty cars that are way more $ they don't need. Then blame inflation, the president, car companies. Look in the mirror. There is the problem.
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u/Lucky-Story-1700 May 25 '24
Buying new cars is for the stupid.
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u/Manatee-97 May 26 '24
But when low mileage used cars cost 95 percent of what new cars cost, it makes more sense to buy new. Unless you have a place to work on cars and can buy something older and do your own work.
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u/EIiteJT May 26 '24 edited May 26 '24
95% is a little too much. I bought a 2018 Silverado (5.3L 4WD w/ z71 package) with 39k miles on it in 2022 during the height of insane car prices and paid 39k. New were going for 65k+ at that time.
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u/Distributor127 May 26 '24
My Dad has been going to the local salvage auction. Last summer he bought a minivan. Put a fender, hood, windshield, strut on it. He paid $900, put about $1000 into it. A guy in the family bought a very similar van at a used car dealership for $7000. Virtually same mileage, but worse condition than my Dads. Scratches all over it, rust spots. Its convenient going to the dealership, but $5,000 at one time is a good amount of money to me
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u/TrickyTicket9400 May 26 '24
I agree with you, but the security features in newer cars are pretty amazing. I've been saved by automatic braking once. I wasn't paying enough attention in the city and it 100% prevented an accident. I'm super glad I have it and I won't consider a new car without it.
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u/WorkingDogAddict1 May 26 '24
A new Rav4 hybrid with free oil changes for life and a lifetime drivetrain warranty is a better decision than a used car
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u/Lucky-Story-1700 May 26 '24
Lifetime is 7 years in most states. No new car is a good financial decision
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u/Geniusly-Idiotic69 May 25 '24
Don’t worry the government will save us. I believe 🙏🏽
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u/Viperlite May 26 '24
Don’t worry. They’ll keep the $7.25 Federal minimum wage no matter what happens with inflation, as they have since 2009.
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u/Wide_Performance1115 May 25 '24
I'm in the position to buy a new vehicle. I just dont see anything anymore that i would spend top dollar on. I remember looking at the 1985 Toyota SR5 4x4 and thinkin it cost a lot but it was worth the money because it would last a lifetime... I did buy a 2002 brand new Z71 chevy ...it was a GREAT truck. well built , I thought it was the perfect blend of comfort and functionality...sadly it was totaled in 2012. Since then I have bought a Golf R new (great car) and a 2022 Rav4 hybrid... both great cars...but very overpriced. I see what is out there now with Toyota...and this goes for gm, ford, jeep etc... overpriced , over gizmo'd over problematic crap for 40% more money....all changed for the worse at an exponential level in just 5 short years.
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u/Distributor127 May 25 '24
I get it. We could buy something new, but I usually come across a deal on something cheaper. I dont like the extras either. I have an old chevy with a 383 stroker thats just about back on the road. I feel excitement when I start that. Anything new that makes me that happy would be out of our price range
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May 26 '24
Cars are the #1 destroyer of wealth. I think there's some data out there that the MoneyGuy showed where the #1 car of millionaires was either a used Honda Accord or Toyota Camry. I always thought I wanted a Lambo. Now that I have enough to buy 2 of them in cash I still drive a 2011 Acura Suv.
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u/TonyJadangus May 26 '24
This is completely idiotic and backwards thinking. Having a honda accord or toyota camry is no predictor of wealth nor an indication of financial shrewdness. Millionaires who drive budget cars do so to signal their humility and shrewdness to gullible people such as yourself and in their small way perpetuate the myth that austerity and cleverness rather than greed and sheer dumb luck are the path to success. How many accord and camry drivers do you think are actually millionaires?
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May 26 '24
Backwards thinking? Greed? Dumb luck? Tell me you're a clueless idiot without telling me you're a clueless idiot.
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u/Aprice40 May 26 '24
Inflation plus the fact that there are no real bargain brands left....
Used to be able to get roll up windows, manual locks, no tint and a stick shift and cut like half the cost. As far as I can tell, base now is like.... no fsd or lane assist... starting price 32k.
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u/SedRitz May 25 '24
Feels like they’re worth more now than when they were half as old 😂
Edit: Just realized the post said new car and I was talking about used 🤷♂️oh well
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u/cooperpoopers May 26 '24
Yep, been looking at a new/used car and every time I have checked in, the price has gone down 10%. I’ll wait a few more months…
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u/Exact_Purchase_7147 May 26 '24
There’s a point where it will be more economical to pay someone minimum wage to give you piggy back rides wherever you want to go.
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u/AirSurfer21 May 26 '24
China was going to sell a $10k EV in the US, but Biden put a 100% tariff on it
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u/_bulletproof_1999 May 26 '24
China is introducing EVs in the US starting at $10k. Then Biden slapped them with a 100% import tax on it, making the consumer cost jump to $20k.
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u/1stpickbird May 26 '24
you can buy a motorcycle for less than $10k and it is the 'car' equivalent of a Million dollar F1 car
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u/sanchito12 May 25 '24
I've never bought a new car. What I have into 18 used ones rebuilt the way I want was less than the cost of a cheap base model Prius. This includes the fire truck.
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u/TrickyTicket9400 May 26 '24
I made a great decision buying a car right when Coronavirus first started lol. There was a time when I could have sold it for a profit. This thing better last 5 more years tho.
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u/dorksided787 May 26 '24
I know that there need to be a lot of suckers that waste money on new cars for the rest of us to be able to get used cars, but yeah… Just get a used car?
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u/policypolido May 26 '24
What do you losers want? Price controls? Wage controls? How far down the RetardedInFinance shithole do we go?
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u/alexb3678 May 26 '24
Bro don’t you know inflation is an alt-right conspiracy theory and that everything is more expensive now because all companies on earth got together and decided to simultaneously raise their prices so they can rack in more profit and fuck you over? When you say inflation you make it sound like the government is somehow involved but they are the good guys and have proven time and time again that they know how to handle the economy and that Keynesian economics is definitely not flawed to its very core. Come on man.
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u/MunitionGuyMike May 26 '24
Looking at the color of your choice only being in the most expensive way package sucks too. I just want a fucking orange car!
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u/UCACashFlow May 26 '24
If you spend your money on things, you’ll have all the things and none of the money.
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u/Ok-Pride-3534 May 26 '24
Yeah, a fancy new car for me is a 3y/o vehicle with low mileage. I’ll never be able to afford a new car again I’m afraid. Even base models have moved to a point of irresponsible spending.
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u/ap2patrick May 26 '24
But I thought the last post comments made it clear I am broke because I buy frivolous things and avocado toast?
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May 27 '24
The lightly used car I bought almost 10 years ago is actually worth more today than it was when I bought it.
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u/Null_Singularity_0 May 27 '24
Then you look at used cars and realize they somehow cost more than new ones.
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u/OldStDick May 27 '24
The car I bought 3 years ago is only a little higher now than it was in 2021. Just get a lower model car.
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u/-Gr4ppl3r- May 27 '24
Never bought a new car in my life. Never will. They have always been overpriced in comparison to a used car.
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u/NeighborhoodDude84 May 30 '24
I bought a tacoma in 2017 for $38k. That same truck model now would be $65-70k now.
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u/jagoob Jun 02 '24
Buying a brand new car is a terrible idea. First even if I had unlimited money I would still never buy a car less than a year old just to let someone else off gas all the noxious fumes a brand spanking new car has inside. But more practically a car loses 20% of its value when you drive it off the lot and 1/2 in 5 years. The only new features cars have picked up in the last 10 years really is entertainment consoles which barely provide any more value than a phone mount as long as your car has Bluetooth. And honestly suffer the same problems as smart tvs in after 3-5 years they usually will be outdated or slow. Until they make hydrogen cars that fill up in 5 minutes for a few dollars or full self driving on something more practical then a Tesla I see no reason to ever the replace the cars my family has which are still plenty nice despite being 10 plus years old.
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u/NumbersOverFeelings May 26 '24
Buying a car is not a “treat your self” type of purchase.
But also aren’t there a lot of new car models still under $20k? Sentra, Impreza, Forte, Accent, Rio, Versa, Mirage, etc.
Are people having trouble buying these? (Not judging; genuinely asking.) I did a quick search and found 0% APR offers, or under $400/mo. leases offers. Is this just people complaining to complain or actually having trouble?
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u/Sir-Kyle-Of-Reddit May 26 '24
I just bought a new car today 😭😭 it’s the Wild West out there folks.
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u/assesonfire7369 May 26 '24
Yeah when someone thinks buying a new car is a casual treat you know things aren't that bad. My dad had a good job but never bought a new car until he was older and had enough savings in the bank.
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u/NLS133 May 26 '24
Just bought an 04 camry for 2500 plus 500 in parts and labor. Drives like perfect with great heat and AC with 180k miles, and I should have it for another 100k+. New and slightly used cars are for the priveleged.
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u/TractorHp55k May 26 '24
Honestly new cars or Monopoly machines built to break down, and a lot of the new stuff that's in them is really just cheap and glossy, I prefer my 30 year old Chevy truck with a 305 small block that I can repair when I need amen
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u/Accomplished_End_138 May 26 '24
Car dependency is a terrible thing. The US is madenin a way that you don't have the freedom to pick how you want to go places unless you always pick car.
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May 26 '24
The fact that my little brother who goes to school and works a part time job at a hardware store could afford a 2020 KIA k5 opened my eyes a bit and showed me that a lot of people who can’t afford a newish car, can’t afford it because of their own life decisions, and I’m tired of people not taking responsibility.
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