Jump to content

This is kind of depressing


Geeto67

Recommended Posts

Yes trucks that are a couple years old and about out of warranty are not much cheaper expecially because you can get new American trucks 15-20% under msrp. The tundra seems to just never drop in value.

 

Exact reason I bought a new 2016 Tacoma and not used. I was seeing used ones listed for MORE than I paid for a fully loaded new truck.

Link to comment
Share on other sites

You havent priced 1-2 year old trucks.

 

This...and older. It's insane what used trucks go for down here. It's just stupid. I would venture to guess that trucks down here retain their value more so than pretty much any other type of vehicle.

Link to comment
Share on other sites

I feel like truck prices are regional though. With the advent of the internet car prices seemed to level out ok, but trucks in places like the Midwest and Texas seem to be higher than places like new york and California. My buddy back on long island just bought a 2 year old GMC Sierra Denali Ultimate with 20k miles for $38K, which seems like a lot but you have to consider the truck was $62K new. There just isn't a lot of call for a pickup truck in the NYC Long Island area. In texas, I'm sure the same truck would have been $10K more.
Link to comment
Share on other sites

This article did get me thinking...while the AVERAGE price has gotten ridiculously high, there are some great cars (by 10-20 year historical averages of quality/content) under $20k. I've rented some surprisingly good cheap cars in recent years: Kia Soul, Nissan Versa, Ford Fiesta, Nissan Versa Note, Mazda2...even some crappier cars still have good content for cheap: Dodge Avenger, Chevy Sonic, Hyundai Elantra, Ford Focus sedan.

 

Advertising shows us all driving nicely equipped family sedans (that sticker in the $30k+++ range) but the cars that don't get mainstream press still provide relatively affordable platforms with A/C, stick-shift, 100k+ mile reliability, 30+ MPGs...

 

I still stand by prices being too damn high, but there are options for the modern new-car buyer in the US.

Link to comment
Share on other sites

This article did get me thinking...while the AVERAGE price has gotten ridiculously high, there are some great cars (by 10-20 year historical averages of quality/content) under $20k. I've rented some surprisingly good cheap cars in recent years: Kia Soul, Nissan Versa, Ford Fiesta, Nissan Versa Note, Mazda2...even some crappier cars still have good content for cheap: Dodge Avenger, Chevy Sonic, Hyundai Elantra, Ford Focus sedan.

 

Advertising shows us all driving nicely equipped family sedans (that sticker in the $30k+++ range) but the cars that don't get mainstream press still provide relatively affordable platforms with A/C, stick-shift, 100k+ mile reliability, 30+ MPGs...

 

I still stand by prices being too damn high, but there are options for the modern new-car buyer in the US.

 

I'll agree with that. There is no real "shit box" car any more. The cheap hyundais, kias, corollas, caviliers, sunfires, contour, escort, etc of years past no longer exist on todays market.

Link to comment
Share on other sites

I'll agree with that. There is no real "shit box" car any more. The cheap hyundais, kias, corollas, caviliers, sunfires, contour, escort, etc of years past no longer exist on todays market.

 

Not REAL cheap, but there are still econoboxes. Deals can be had if you wait for previous MY and incentives.

 

Chevy Spark, MSRP 13k

Ford Fiesta S, MSRP 14k

Kia Rio, MSRP 14k

Dodge Dart, MSRP 16k

Hyundai Accent, MSRP 14k

Nissan Versa, MSRP 11k

Honda Fit, MSRP 15k

Mazda 3, MSRP 17k

 

I'm sure there are more, and if you wait for the deals you can walk out with a new car for a decent price. Problem is, people don't want an econobox anymore, they want a loaded SUV or luxury car.

Link to comment
Share on other sites

Problem is, you can find a really nice used SUV or luxury car for the price of a new shitbox.

 

Not arguing that at all, but if you can't afford a decent new car and are shopping econobox priced cars, you probably can't afford the insurance or fuel on the SUV anyway. Not to mention the possible maintenance and upkeep, where with the new econobox, you have the warranty. I've seen too many people that live paycheck to paycheck struggle even more because they buy a used loaded up luxury vehicle that turns out to be an unreliable shitbox.

Link to comment
Share on other sites

Many other things to consider with that article....

 

One is loan term, not many people in certain income brackets put money down or finance for 4-years. Most are short leases or loans at 60-72mo+. One of the reasons GM and many others struggled with the economy dip. All the people that were getting new cars often no longer qualified for lease/financing...

 

Average term is over 6 1/2 years according to Edmunds... http://www.edmunds.com/car-loan/how-long-should-my-car-loan-be.html

Link to comment
Share on other sites

Nothing wrong with buying new, I see lots wrong with financing new or used. Interest on a already depreciating "asset" is insane when talking sound financial advice.

 

 

also, remember something like 50% of americans cant cover 1k expense today, 1/3 have 0 saved for retirement, most 31-65 year olds only have 5k saved.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...