this post was submitted on 06 Oct 2023
624 points (94.2% liked)
Technology
59577 readers
4304 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
It's not really bad financial advice, and people will absolutely tell you to skip some of the frivolity in the idea of generating a return. I don't think most people think of a car as an investment, but I do think that it's entirely common to spend way, way too much on a car for basic transportation. Giant trucks and SUVs that start at 40k are like the most popular cars in America. Most people probably really do need to be told that they're over-spending on cars. Like, the last time we bought a car, I had to talk my wife out of a monster SUV because she was like "well what if our kids want to take friends [on the two trips we take a year]?" Like, the other 50 weeks of the year, she's solo commuting 10 miles... I'm not making fun of her, this is sort of the default mentality in this country. In the end we settled on a smaller crossover for half the price ( < $20k) and the agreement if we wanted we'll use the money we save to rent an escalade or whatever if we want to take a big trip.
I have seen entire families with kids going to school on a moped. Mom dad and three little ones. You don't have to take it to that extreme but you are right. For all but the biggest families a regular sits 5 car is enough.