• TheFriar@lemm.ee
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      10 months ago

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

      • GreyBeard@lemmy.one
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        10 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
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          10 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
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          10 months ago

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

      • cum@lemmy.cafe
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        10 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.

        • xpinchx@lemmy.world
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          10 months ago

          I live in a shitty neighborhood. The amount of Audi, bmw, Porsche SUVs is crazy.

          • GreyBeard@lemmy.one
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            10 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
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              10 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.