this post was submitted on 26 Jan 2024
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Is $25k affordable? How much are cars? 25k sounds like a fuckload of money.
For a new car? $25k is a pretty low price, at least in the US. My car was $24k new 10 years ago. It wasn't particularly special then.
Supposedly my 2016 Corolla was 25k I think. But after all the fees and taxes and shit I feel like it was closer to 30k. All I know for real was that it was about $10/day for 7 years.
*Canadian $
$25K for a full electric car is the lowest price ever in the U.S.
I paid $21K for a used gasoline Honda Civic coupe just 2 years ago.
Chevy Bolt was under $25k before the $7500 credit. Now the same car is $40k.
Some people pay like $60-80k for those big trucks you see
Big bucks for big trucks?
I live in a shitty neighborhood. The amount of Audi, bmw, Porsche SUVs is crazy.
The trick is, luxury cars drop in value insanely fast. A 2 year old Audi is often about the same price as a new Honda. The problem these people don't account for is maintenance costs. They think they are getting a deal, then they are getting dragged down by an unreliable vehicle that they can't afford to fix.
If memory serves, the outliers here are Lexus and Audi which both score high on reliability ratings. I could be wrong though, is been a couple of years since I looked into owning a car.
True, Lexus is a Toyota brand, and at least historically shared a lot of parts with Toyota cars, so maintenance wasn't always crazy. In the case of Audi, they might be quite reliable, but I know repairs/maintenance, when needed, is very expensive.
Lexus is probably highly reliable but Audi's have the same problem as other German makes- tons of cheap plastic under the hood that disintegrates at around the 5 year mark. There are lots of YouTube videos about it.
Yeah I've been keeping an eye on old beaters just to drop my kids to school and a 20yo Volvo SUV is as cheap as a 20yo Mazda.
$25k is actually very affordable for what new cars go for. That was deemed affordable 10 years ago, so hitting that price point today is an even bigger deal.
How much do you think a new car costs?
about as much as a banana, Michael
So, what, I don't know, $10?
Go see a Star War.
Affordable? No, not to many people's finances
Relatively cheap for a new car? Unfortunately
A tough combination in a country where having a car is essentially mandatory in all but a few cities
USD25K would buy you a sports spec Hyundai hatch, or a low spec 2wd SUV in Australia.
How much does a banana cost? $25,000?