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Owning a Car Is Less Important To Younger Generations.
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this post was submitted on 19 Sep 2024
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This seems disingenuous. Privacy concerns are valid, but you can get a new car (Ford Maverick) for $25k. The hybrid powertrain would only be $1k more, for an ~40% reduction in fuel consumption
Maverick is not a car, it's a two-ton truck that uses 3.8gal/100 MI. Also, there's insurance and maintenance to worry about.
Yea I agree $40k is a bit disingenuous. But the cost of a car is more than the car itself. It's better to view it as a ongoing expense of fuel, insurance, maintenance, etc. AAA estimates between 7-10k a year. https://www.aaa.com/autorepair/articles/average-annual-cost-of-new-vehicle-ownership
I disagree. In my experience with the younger folk, it's almost always an issue that driving is way too expensive for what you get.
You can do almost everything that would've necessitated owning a car on the internet now, and the cost of your car payment, insurance and registration, and gas is just way too high for the things that still require it. It's cheaper to just pay a taxi or find someone to give you a ride for the few times you actually need it.
You can't get a maverick for 25k now and never have. It also goes up in price for the 25 model year and spans comfortably into the 40k range pre markup.
Plus taxes and registration, which can easily add an extra 10-15% to the cost in many places.
Unlike a couple decsdes ago, the second hand market doesn't really save that much either.
Uhm, I paid less than 25k for mine, and thousands of others did too. Sure, I had to pre-order because I knew they would never be in stock at that price and post covid backups. If you walked onto a lot to try to buy one, yeah, you were upcharged.
Now, if you were to buy one, yes, the base price is now essentially 25k vs 20k.
I've been watching for some time and there hasn't been one available in 200mi of me for less than 28k - absolute base model... And I doubt you can walk out with that. Most are well over $30k and even used 20-40k mi are over $25k. You got lucky.
Also, why tf does it even need to be new?
That’s come outta nowhere.
When used prices are not significantly lower, it is hard to make that choice over new with a manufacuturer's warranty.
Used prices are ridiculous now.
Horse shit. 15k gets you a solid car with Android Auto and driver safety.
https://www.carmax.com/car/26127315
Add on 1700 to get a 5 year CarMax warranty which is just as good as a CPO.
$15k for a 7 year old Hyundai with 96k on it. That's a waste of money.
🙄👌👍
They're right, though.
Whatever you say 🤷♂️
I guess y'all are too good for a warrantied drivetrain with a bucket load of features.
A seven year old car with almost 100k miles at about 50% of brand new is ridiculous.