this post was submitted on 07 May 2024
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[–] [email protected] 60 points 3 months ago (8 children)

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.

[–] [email protected] 48 points 3 months ago

Also mind that soon these new cars will be used cars with the same bullshit.

[–] [email protected] 18 points 3 months ago (2 children)

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?

[–] [email protected] 7 points 3 months ago (1 children)
[–] [email protected] 11 points 3 months ago

Fuck social signaling.

[–] cocobean 4 points 3 months ago

2 - 3 year old model is effectively brand new but a lot cheaper.

I've always heard this, but where is this actually true? When I bought a Camry like a decade ago, I could get a brand new one for $19.5k or used ones with 50k miles on them for....$18k. so yeah I paid the extra 1.5k to not have to deal with potential random shit.

When my wife bought her car a few years ago it was a similar situation. The only used cars that were "a lot cheaper" had like 100k miles.

[–] [email protected] 15 points 3 months ago (1 children)

Total new vehicle sales has remained roughly static for a little less than two decades. So yes, people can afford new cars.

[–] [email protected] 20 points 3 months ago (1 children)

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/

[–] [email protected] 1 points 3 months ago

Well yeah, they follow the prime rate.

[–] [email protected] 6 points 3 months ago

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.

[–] [email protected] 3 points 3 months ago

Yeah rates alone have made financing a new car pretty stupid. Save as much cash as possible and spend within your means

[–] [email protected] -4 points 3 months ago

People are buying new cars. I'm guessing it's mostly leasing.