More Than 80 Percent of Americans Can't Afford New Cars

3 years ago by haxor to c/hackernews

Experts say you should earn $100K before buying a new car so you don’t spend more than ten percent of your monthly income on payments

There is a discussion on Hacker News, but feel free to comment here as well.

Zimmy 19 points 3 years ago

Even used cars cost a fucking fortune right now. I saw a PT cruiser the other day with $9500 on the window. What the fuck

save

path: 0 4199228, hotness: undefined, score: 19, children: 2

BlinkerFluid 7 points 3 years ago

Still can't beat the $2000 shitbox Civic that suddenly isn't a shitbox after you put $500 worth of parts into it.

Enjoy your $5000 Civic you made with $2500.

save

path: 0 4199228 4200132, hotness: undefined, score: 7, children: 0

Veritrax 2 points 3 years ago

I saw a 2019 Chevy Spark the other day with 80,000km priced a couple hundred bucks under MSRP, it's insane trying to buy used right now.

save

path: 0 4199228 4200350, hotness: undefined, score: 2, children: 0

willywonkawashere 8 points 3 years ago

I have a 1999 Honda Civic with a low mileage of 1.2 million miles for sale @ $15k. No low ballers

Needs paint, new tires, new clutch, and the tint is peeling off the windows making it hard to see put of. Needs a quart or 2 of oil each week.

It is worth $15k, so no low ballers.

For those who don't understand, this is a joke

save

path: 0 4200709, hotness: undefined, score: 8, children: 0

TryingToEscapeTarkov 5 points 3 years ago

When the random car a family member had and gifted to you dies there is going to be a lot of people walking. The only thing keeping people afloat right now is hand me down cars from parents\family members that get a new car.

save

path: 0 4200968, hotness: undefined, score: 5, children: 0

Coldgoron 4 points 3 years ago

Im one of these Americans.

save

path: 0 4206527, hotness: undefined, score: 4, children: 0

Moneo 4 points 3 years ago

Another reason to end car dependency.

save

path: 0 4201422, hotness: undefined, score: 4, children: 1

timbuck2themoon 4 points 3 years ago

Exactly. People shouldn't need cars. If they want one, fine but it's damn near a requirement almost everywhere in the US.

save

path: 0 4201422 4202693, hotness: undefined, score: 4, children: 0

Gerudo 2 points 3 years ago

Shocked Pikachu

save

path: 0 4206470, hotness: undefined, score: 2, children: 0

shalafi 1 point 3 years ago

Why the hell would I buy a new car? I have a 2002 Mitsubishi Spyder (think convertible Eclipse) that just needs a new head gasket, and a 2004 F150 that runs like a top.

Thought about trading both in for something in the middle for fuel economy, towing and hauling, but I'm not seeing anything tempting.

Fuck 'em. Either prices drop or I stand pat.

save

path: 0 4201734, hotness: undefined, score: 1, children: 0

moog 1 point 3 years ago

I love when I buy a new car and its instantly worth thousands less than what i just paid for it.

save

path: 0 4202942, hotness: undefined, score: 1, children: 1

lemmyingly 1 point 3 years ago

That's true for any product as a percentage of its RRP. Why would anyone buy a used product for the price of new.

save

path: 0 4202942 4205326, hotness: undefined, score: 1, children: 0