Total new vehicle sales has remained roughly static for a little less than two decades. So yes, people can afford new cars.
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njm1314@lemmy.world 6 months ago
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.
Telodzrum@lemmy.world 6 months ago
kautau@lemmy.world 6 months ago
For most, they can afford to finance them, but the rates aren’t looking too good lately
Telodzrum@lemmy.world 6 months ago
Well yeah, they follow the prime rate.
Thorny_Insight@lemm.ee 6 months ago
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?
whereisk@lemmy.world 6 months ago
Mostly social signalling
laughterlaughter@lemmy.world 6 months ago
Fuck social signaling.
cocobean@sh.itjust.works 6 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.
possiblylinux127@lemmy.zip 6 months ago
People who have a college education and well paying jobs.
scottmeme@sh.itjust.works 6 months ago
✅ well paying job ✅ Dropped out of college and went full time
EncryptKeeper@lemmy.world 6 months ago
I have a college education and a well paying job the monthly payment on a new car has doubled since I bought my last one in 2020. No way am I buying a new car at these prices/rates.
possiblylinux127@lemmy.zip 6 months ago
Fair enough
TonyTonyChopper@mander.xyz 6 months ago
back in my day Spock had small hair
aniki@lemm.ee 6 months ago
With my last raise I’m over 130k a year and I still don’t buy new cars. My 2010 Audi is still running just fine.
RaoulDook@lemmy.world 6 months ago
That’s great, but the question from that OP was “are you able to” and your answer should be yes. I make less than that and I definitely am able to. But I’m waiting on the market to correct first
Buddahriffic@lemmy.world 6 months ago
Though it also depends on how you define “able to”. Like I could fit a car payment in my budget but it would eat up most of my disposable income and I’m not willing to give that up, even if new cars weren’t so enshitified. I bet there’s a lot in this “technically capable but it would be a stupid financial move” group.
possiblylinux127@lemmy.zip 6 months ago
That’s probably a sound decision
slurpinderpin@lemmy.world 6 months ago
Yeah rates alone have made financing a new car pretty stupid. Save as much cash as possible and spend within your means
hark@lemmy.world 6 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.
ripcord@lemmy.world 6 months ago
Yes
marx2k@lemmy.world 6 months ago
People are buying new cars. I’m guessing it’s mostly leasing.
deathbird@mander.xyz 6 months ago
Also mind that soon these new cars will be used cars with the same bullshit.