this post was submitted on 06 Oct 2023
624 points (94.2% liked)
Technology
59577 readers
3396 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
When have most Americans ever been able to afford to buy new?
Has the US been anything but a scam since its inception?
After the “cash for clunkers” thing reduced the used car market buying new made more sense because of price and warranty. You also get better financing rates on new vs used. Bought my Subaru new in 2019 and could sell it for about what I paid.
I was told in the 90's that in America if your car was 3 years old, your neighbor might worry you weren't doing too well, and you could buy 6 year old luxury cars for peanuts.
Luxury cars are notorious for not holding their value, unless by "luxury" you mean performance cars, so that's normal.
I was born after the 90s so I wouldn't know, but generally speaking I'd always heard the average car in America is ten years old.