• TheFriar@lemm.ee
      link
      fedilink
      English
      arrow-up
      21
      arrow-down
      4
      ·
      8 months ago

      Is $25k affordable? How much are cars? 25k sounds like a fuckload of money.

      • GreyBeard@lemmy.one
        link
        fedilink
        English
        arrow-up
        29
        ·
        8 months ago

        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.

        • Peppycito@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          4
          arrow-down
          1
          ·
          8 months ago

          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 $

        • the_q@lemmy.world
          link
          fedilink
          English
          arrow-up
          12
          ·
          8 months ago

          Chevy Bolt was under $25k before the $7500 credit. Now the same car is $40k.

      • cum@lemmy.cafe
        link
        fedilink
        English
        arrow-up
        9
        ·
        8 months ago

        $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.

          • GreyBeard@lemmy.one
            link
            fedilink
            English
            arrow-up
            5
            ·
            8 months ago

            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.

            • TrueStoryBob@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              ·
              8 months ago

              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.