Buying a new car never really made sense to me even when you could afford it. 2 - 3 year old model is effectively brand new but a lot cheaper. Why pay more if you can pay less?
It made sense to me when I could take advantage of a tax credit for EVs in 2017. Now that car companies/dealerships simply jack up prices to eat that discount, it doesn’t make sense even in that case.
Are any of you even able to afford new cars? Who the hell’s buying this shit? I probably won’t have a new car ever.
Total new vehicle sales has remained roughly static for a little less than two decades. So yes, people can afford new cars.
For most, they can afford to finance them, but the rates aren’t looking too good lately
https://www.statista.com/statistics/290673/auto-loan-rates-usa/
Well yeah, they follow the prime rate.
Buying a new car never really made sense to me even when you could afford it. 2 - 3 year old model is effectively brand new but a lot cheaper. Why pay more if you can pay less?
Mostly social signalling
Fuck social signaling.
Yeah rates alone have made financing a new car pretty stupid. Save as much cash as possible and spend within your means
It made sense to me when I could take advantage of a tax credit for EVs in 2017. Now that car companies/dealerships simply jack up prices to eat that discount, it doesn’t make sense even in that case.
Yes
People are buying new cars. I’m guessing it’s mostly leasing.