More Than 80 Percent Of Americans Can’t Afford New Cars

boem@lemmy.world to Technology@lemmy.world – 620 points –
More Than 80 Percent Of Americans Can’t Afford New Cars
jalopnik.com
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I'm curious. What car did you buy? I hate how everything is so inflated. I bought a mint civic si for 8 grand like 6 years ago. I kinda want insight/realize everything is fucked.

We picked up a 12 year old civic hatchback before Covid for 5k and it was in immaculate like-new condition, low miles. It got totaled right after our other car’s engine finally wore out. I then found a 10 year old Toyota for 16k. It was the lowest price in a 200-mile radius for cars/small trucks with under 150k miles on them that weren’t limping/totaled/savaged.

It was fucking flabbergasting.

You got yours 6 years ago. 8k was about average for a decent used car then. Now you're paying almost full price for a 5 year old car or if you're okay with a shit box that may or may not last then you can drop 5k. I got a 2012 GTI.