this post was submitted on 01 Dec 2023
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If you're being fiscally responsible there's no way to buy most new cars. People are too used to living well above their means. How these Army recruits straight out of boot camp are dropping 80k on a truck that'll never even see a sheet of plywood or drywall assuming the bed is even big enough is beyond me.
I haven't paid more than 18k on a car and even that felt like too much. And I'm well above the median household income for my region.
Frankly I wish I didn't need a car at all, but it'll be decades before our infrastructure can support that lifestyle if ever. Unless you're willing to give up an additional 2 to 3 hours per day on travel ... and I'm not.
Ya the most I've ever spent on a car is 20k, that was 8 years ago and I'm still driving it. I have a coworker with an EV and it's really annoying to hear him suggesting switching cars to save money.
The used EV market is what's really preventing lower-income adoption. The insanity of the secondhand prices over the pandemic is only now beginning to break. I'm seeing polestar 2 models with reasonable miles in the high 20's. That's an enormous discount off the sticker. Tesla has also seen serious price drops.