Not anymore, at least. You used to be able to get a junker on the road for under $500. Now the subprime car loans are so rampant that even a shitty sedan is like $6k
Cars a couple years ago were the cheapest they have ever been in history. There was a point in like 2018 where a brand new base level sedan only cost like $12,000 after rebates. Cars and consumer electronics are the 2 items that have consistently dropped in inflation-adjusted price over the past decades (likely due to Chinese and other offshore manufacturing). Compare that to education, housing or healthcare - all of which have increased exponentially.
they are extremely cheap compared to what they cost abroad. buying a car in the US is cheaper than buying a car in Brazil, accounting for the exchange rate and all. if you make a comparison based on monthly earnings it's much, much cheaper.
Cars aren't really cheap tbh
Not anymore, at least. You used to be able to get a junker on the road for under $500. Now the subprime car loans are so rampant that even a shitty sedan is like $6k
Yeah cars very expensive at the moment. Actually makes me curious as to what is even available under 2000 right now
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Cars a couple years ago were the cheapest they have ever been in history. There was a point in like 2018 where a brand new base level sedan only cost like $12,000 after rebates. Cars and consumer electronics are the 2 items that have consistently dropped in inflation-adjusted price over the past decades (likely due to Chinese and other offshore manufacturing). Compare that to education, housing or healthcare - all of which have increased exponentially.
they are extremely cheap compared to what they cost abroad. buying a car in the US is cheaper than buying a car in Brazil, accounting for the exchange rate and all. if you make a comparison based on monthly earnings it's much, much cheaper.