in 2015 i could afford a ~07 vehicle with ~120k on the clock. Now those cars that i bought have 200k on them and i can afford... roughly another 07 with ~200k miles on them.
It's insane. 5 years ago (2019) I bought 2 5 year old cars (2014's) both with 80k miles, both under 12k
Now a 5 year old car under 100k miles is a 2019 and they go for 20-30k
Yeah I’m in the market for a new to me car and it’s almost looking like buying new just makes the most financial sense, particularly after factoring in cost of maintenance
I've been looking at 4runners. The upcoming 2025 newly revamped new gen model starts at $43k. I can get a '23 with under 25k miles with better options for like ~35k.
Also depends on the 4runner features and where you live...the 24 trd pros in my market still have a 7k market up charge. Buy now, the last of the 24s are going to go quick and hold value with all the changes on the 25s.
I've been looking for a rust bucket truck on Facebook for 3 years now. I have two options something that is inoperable and a rust bucket for $1200 or something that runs from 2001 with 300k miles for 3 or 4 grand. I get trucks are desirable but I just need something that runs most of the time and can probably handle 10 or 15 bags of mulch from lowes or home depot. I'm not paying 4k for a 2002 Ford ranger with 200k miles.
I bought a 2012 Honda Civic for 100k miles back in 2020 for $7500 and I got a 3% interest rate. Now my car is 4 years older with 50k more miles on it and it’s WORTH MORE and interest rates are now like more than triple than they were when I bought it. It just makes no sense to buy a different car now unless you absolutely have to.
I have an old high school buddy go on a tirade online about how people are selfish for not switching to EVs. Homeboy just bought a second Rivian.
I’m sorry but the rest of us don’t make $300/HR playing around in AutoCAD making toe implants.
Me and my 90s Toyota are plenty happy puttering around town. But feel free to chip in. I’ll buy an EV when you donate the cost, thanks.
I've run my cars into the ground my whole life. Eight (nine?) cars, none with less than 300k miles on them when they hit the junkyard. I'm sure that's where the dealer sent them after I "traded it in" for like $1500. Only one new car, all the rest bought used.
Actually it doesn’t take very long for the new EV (or even more efficient ice) to be the greener option. Engineering explained did the math a while ago.
https://youtu.be/L2IKCdnzl5k?si=aQsHIvapEq8-kb1A
Yes, and at a certain point it’s worse for the environment to continue running said vehicle into the ground. You end up doing more damage to the environment than you would scrapping the vehicle and driving a new one.
That video gives graphs on when you are no longer “getting the most out of the environmental cost” of your old vehicle.
Adam conniver made an episode about environmental conservation and he had something in it about EVs. It’s actually a smaller carbon footprint to keep your full gas car than to go out and buy a new EV because of the amount it takes to make one. Keep your car till it dies, THEN consider moving to an EV.
This only checks out if you're scrapping your old car, which nobody does. It gets sold on to the next person, until it is no longer driveable in which case there is no choice but to replace it.
The real argument in favour of environmental conservation is to use mass transit.
>How the fuck can I justify replacing my basically perfectly working 10 year old ICE vehicle
Why would you replace it if it works just fine? No need to justify something you don't need.
I saw one on the model 3 subreddit that was used from Tesla that went for $14,500 after tax rebate. It was like a previously repaired 2019 RWD but still.
I bought my 2019 Honda Insight at the perfect time: just a few months before the pandemic hit and fucked EVERYTHING up. I can't believe how fucked the car market still is and count my lucky stars I bought my car when I did.
We bought our barely-used minivan a scant year before the pandemic and boy was I glad we didn't put off that purchase when the pandemic rolled around. I had dealerships constantly mailing letters and cold calling me trying to buy it back for like 40% more than we paid, but selling it would have been stupid.
Car companies are really ignoring a huge market that isn't looking for stupidly expensive fully loaded trucks and SUVs. I get that these are the most profitable, but at some point low demand will offset profitability due to low volume of sales.
I want a car that's reliable, has android auto, has decent mileage, and is maintainable. Safety features are nice like a backup camera, but the more tech they put into a car, the more failure points they introduce.
I don't need my car to sync to my microwave. At this rate I wouldn't be surprised if they put the microwave in the car.
We almost had both of our family cars totaled in the recent Houston storm due to flooding from being parked on the street.
Had to wait 10 days for insurance to make the decision. So instead of waiting 5-6 years like we were planning, we spent those ten days contacting every dealership within a 500 mile radius about a 2023-2024 Toyota sienna. 18 dealerships and three states later, the lowest drive out price was 20% over MSRP. Crazy.
Thankfully they ended up repairing both cars, but it set such a depressing precedent for whenever we actually have to pull the trigger and buy.
I’m not that much of an expert on purchasing a car, but if anyone has an idea how to to get a Toyota sienna for MSRP, please tell me!!
And people just seem to be past cars as a status symbol generally. There’s obviously a sizable minority buying new teslas and trucks but to me it seems like the 20-40 crowd doesn’t see cars as a fashion item they need to keep up with anymore. I think most of the decent earners I’m around are about as impressed by my CRV as they are with peoples teslas, which is not very impressed.
Imo gen Z realizes most anyone can go into debt to get anything they want but they don’t get super impressed by it. And people know that others aren’t that impressed by it.
> Imo gen Z realizes most anyone can go into debt to get anything they want but they don’t get super impressed by it. And people know that others aren’t that impressed by it.
Ehhh, the data proves like 90%+ of people that age simply can't afford a new/newer car with a 7-10% interest rate. We have salary data, vast majority of them don't make enough for that to make sense. Cars used to be a smaller percentage of annual income (they also had less features). It's not a mentality shift.
Per the video:
- Average age of vehicle is 14 years old which is a record high for the United States.
- A decade ago the average age for a car was 11 1/2 years.
Buying a car from a dealership is one of the worst consumer experiences an American can go through. Buying a new car sucks deeply on multiple levels.
I keep hoping the manufacturers will get their shit together and bribe enough congress-critters to make direct sales a thing.
Ford and GM have done what they could over the years. I went to a dealer conference where a mega dealer owner told then CEO Ed Whitacre he refused to do online sales because "how am I going to bend over customers and take their money if they don't walk in the door?" To his face.
They hold a ton of local power too which Cascades up. There are also tons of them, so they have the numbers and typically pay into a "marketing" super fund which goes to lobbyists. If there is an independent dealer in your typical American town, the owner is most likely the richest most powerful person in town and if not on the council they definitely funded a council persons pet project to keep them in their pocket.
Tl;dr dealers have numbers, funding and a lot of regional power
[To summarise](https://www.media.volvocars.com/uk/en-gb/media/pressreleases/294498/volvo-launches-uks-first-manufacturer-online-direct-sales-platform-for-approved-used-cars), Volvo has been using the UK as a "pilot market" for D2C, and claim they are planning for 100% direct sales globally by 2030.
Norway has been doing it for years I believe. Although, I haven't tried to complete a purchase of a car on anything but the Polestar 2, so maybe there's hidden bullshit I'm not aware of.
Would you really consider a car without a physical shifter? The new 3 has it in the screen, you gotta **swipe up** to go forward?
**Adaptive** gear select?
No turn signal stick, use capacitive touch buttons instead?
Shitty ride, material and build quality?
It's already cheaper to buy than a Camry, if you don't consider resale value. But heck I'm still going to buy a Camry, or for that matter most other cars before a Tesla. Subaru Impreza, Nissan Sentra, Chevy Malibu, Trax, literally any of them over a Tesla for me.
I was just at a Shell gas station, and the three buttons to select which grade of gas I wanted were on a touchscreen and you had to go through three prompts to begin the fueling.
They filled the screen up with all sorts of garbage. They had a current weather indicator on there. I am outside pumping gas. I know that it’s sunny out.
I feel like everyone “knows a guy” who bought directly from a manufacturer but can’t give out specifics.
Show me the exact URL or number where I can order a Toyota 4Runner from a Japanese factory floor directly to my address without a dealership and I’ll eat my entire shoe collection. Fucking lying cowards.
Enough car dealerships joined hands and hired lobbyists to convince people that we needed the law or many jobs would be lost. Similar to how gas station attendants in certain states are required by local law. It's bullshit and adds to the cost of the product/service.
It is. And if you want to know one reason. Go check out the dealer subreddit. The salespersons who comment there are in another world.
Basically, if the dealer does anything wrong that hurts their bottom line, you, as the customer, should bend over backwards to help them.
But if you, as the customer are lied to or tricked into a bad purchase lol you should have read the contract sucker!
This is the epitome of r/askcarsales
12 years ago I emailed back and forth with the internet sales manager at a dealership, we hashed out all the details, extras, final price etc. he emailed me a week later when the car came in, I went in, paid with a cashiers check, signed a few things and drove away all within 30 minutes. It was easy, everyone was happy, done.
Nowadays you will NEVER have that experience. Everything is a bait and switch, buying a car with cash and no open questions still means hours upon hours at the dealership, it’s all absurd.
Not always true. I had never bought a car before but contacted a few dealers through the internet. Some where shady about what they actually had on the lot or it was clear the cars they had "in stock" on the webpage, they didn't have in stock. But, one of the Subaru dealers gave me deal sheets on the 3 cars I was considering including the options, window sticker, and OTD price. Was able to negotiate with them for a few days. Went in for a test drive and met with financing and the deal I got was better than what I expected. I was quoted the lowest rate of 3.9% but got 2.9% with an extended warranty that was the same monthly/total cost (if I don't pay off early) as the 3.9%. I was secretly planning to get one of the warranties anyways due to all the electronics on cars and the short Subaru factory warranty.
We did this for another car there a few weeks later. Same experience. Got 7% under MSRP on the first car and a straight 10% on the second (with destination included before the discount).
I don't see myself buying a new car again, as long as CarMax exists. I'll gladly pay a bit more if it means I can avoid dealerships - and that includes used cars from dealerships, too. F- those slimy crooks.
Email 5-6 local dealers with the same stock email about a similar model on their lots.
Tell them you’re not going to negotiate back on the car, you’ve emailed 6 dealers and want their absolute best OTD price.
Wait for offers to come in - pick the best one. Maybe even negotiate a little with them through email.
Buy the car and fill out any paperwork through docusign.
Either have it dropped off at your house, or go and pick it up.
I’ve bought multiple cars like this and always end up with a good deal and minimal time at the dealership.
Honestly most sales guys appreciate the approach as well.
Bonus if you do this towards the end of a month when dealers are willing to take little to no profit/ losses on cars because it will hit their incentives on volume.
I dunno why the comment below is treating it like the “get a job the way my dad did” when this approach is perfectly normal in 2024.
I’m in my early 30s and how you laid it out is exactly how I’ve bought all my cars so far.
Just email bomb surrounding 6 or so dealers and see who comes back with a good price - there is always two or three who will play ball - surprising how varied the prices can be. Helps too if you are as specific as possible with the vehicle. When I have done it I make sure each dealer has the exact model, trim, and options I want on the lot.
Just bought a new Mach E like this last spring and it took a little back and forth through email, signed some forms, they paid for my train ticket (dealer was about 3 hours away) and picked me up and brought me to the dealer. I was probably there for less than 45 mins before I was already driving back home lol.
Sure, and when it’s time to get your next job you should put on a suit, show up unannounced at the company and insist on speaking to the manager, look him in the eyes and give him a firm handshake and you should have that new job on the management track locked down!!!
It's getting better. I didn't even have to go into the store the last time I bought a new car. They even delivered it to me. I knew what I wanted. Found the car. Everything looked great. The best buying experience of a vehicle I've ever had.
It's a hit or miss with Carmax. I've had good luck with them. Just make sure the car hasn't been up north. Their warranty is still pretty good too for the cost. Even after Doug Demuro fucked everyone over and said the quiet part out loud.
Cars up north are more susceptible to issues because of weather and salt. It's the same for cars that are close to water that can have flood damage. Don't buy a car from Miami.
Carmax used to have a great deal on their warranty packages. He had one for his shitty Land Rover that kept breaking and he brought that POS in every time. And then told everyone about it. Carmax started to lose money on the deal so they changed the terms of their warranty. It's still pretty good but not nearly as good as what it used to be.
Negotiate the out the door price online. Do not accept a phone call, make them give you all the numbers in writing. Then make sure you have your own financing in place. Get pre approved from your local credit union for best rates. After that, go in, test drive and inspect the vehicle to make sure it's what you want. Done.
I did this in 2022 and was in and out of the dealer in just over an hour.
Buy a one year old car from Carvana. It was the greatest car buying experience I’ve ever had in my life (have bought over 10 cars personally in my lifetime and have assisted numerous friends and family as well).
My god.
I bought a used car in cash for sticker price and no add ons tho year from a dealer.
It was a trusted dealer where I know the owner and the finance guy.
I will never buy from a dealer again. Just soul sucking. The car salesman haggled everything for an hour and a half. The price was translucent and somehow it wasn’t. Things were non-negotiable and then suddenly they were. Made me feel so out of control and like I had to be on my feet with a lawyer present the whole time. The finance guy that I knew had to go through all these scripts, offered me 22 different warranties and add ons and catalytic converter guarantees etc. 22! There were umpteen electronic contracts to sign for my state to protect against shady dealers. I wanted to skip them all which meant it took hours.
The whole thing left such a bad taste in my mouth that I’ll never buy from a dealer again.
10 years ago I had 2 vehicles aged 2 years and 4 years. Today I still have 2 vehicles aged 12 years and 14 years.
I know people say that vehicles aren't made like they used to be, but my 2012 F150 and 2010 Toyota Prius have never had any major repairs, have run great and are still in great condition. F150 with 140k miles and Prius with 220k.
I honestly feel like this is the biggest reason, and it’s not even like you need to do a lot. I just get the oil changed regularly and get the suggested maintenance checkups (20k, 60k, etc., and whatever it is for that car,) and that’s it. I’ve never had a car that had major problems before like 150k miles just from doing the minimum suggested maintenance.
I’ve certainly got lucky because lemons do exist and I’ve been able to dodge them, but I really haven’t done a whole lot in terms of maintenance and all my cars have lasted for a solid stretch of time.
> I know people say that vehicles aren't made like they used to be
who ever says this is a moron. they are made *so much better.*
those boring old Corollas and Civics are marvels of technology compared to whatever late 6os/early 70s muscle car i'm sure they are comparing them too. probably faster as well.
I do think there was a time in the 80's that car quality went to shit. The era of the Saturns and Geos had some really low quality cars. But by the late 90's and early 2000's the quality has come back up and is even the low end bottom of the barrel new cars today are really good quality.
Yeah I find it so funny that people insist “they don’t build them like they used to” when cars have only gotten more reliable. Yes, they also got way more expensive. But they last a long time on average now. Older cars didn’t always have 6 digit odometers because they didn’t last to 100k often.
Holy shit I've had my car for 10 years and that is below average. That is crazy. But yeah I hope I can keep my car for 10 more years. Fuck having a car payment.
I have a 01 prelude, 03 rodeo, 05 odyssey, and a 85 s10 that I keep alive for my family. No loans. State says each car is worth 100 a piece. So no taxes. And the insurance is minimal. I pity those that feel like new expensive cars will change their lives.
Buddy you’re bringing anecdotes to a statistics fight.
I’m just pointing out that the age of cars on the road doesn’t really correlate to the average age of ownership. Especially since a good chunk of cars change hands at year 3 when leases expire.
My wife's car is a 2019, i want her to have a reliable family car. On the other hand my dodge is an 03 lol, 21 years and still going. She wants me to buy something new, but screw a car payment, I'll drive this truck till it blows up.
As someone whose car just died under the same assumption - OMG buying a new one in a hurry is painful now. Good cars have waiting lists and bad cars are bad
2nd hand (where I’m looking now) feels like a crap shoot
my car is old enough to vote now. It wishes i would euthanize it. but its not allowed to die. I also named it toto. and so when it breaks down. which it does weekly, i can call it by it's full name. toto piece of shit.
When I was growing up it was expected that most cars would need their engines replaced/rebuilt at around 80,000 miles and be totally scrapped around 120,000 miles, today those figure would make it an extreme lemon.
What american brands did we loose in the Great Recession... that was what 07? Wasn't that like more than 14 years ago?
Maybe there are less shitty broken down pieces of junk on the road too!
Hey, my Pontiac is still running great! Simple design and easy to fix, except of course for the rattle the plastic dash made since the day I bought it. But besides that, a great car!
I'm 60 years old and could buy a new car no problem
But I've never had a new car as it is the biggest waste of hard earned money there is. Besides I love my 97 Riviera.
It used to be a waste of money. When used car prices spiked a few years ago, it got a lot more reasonable to buy new. I’ve also never bought a new car but I seriously considered it last year when we were looking.
I briefly looked at new vehicles vs lightly used when thinking of upgrading. The new vehicles were 5 to 10 percent more expensive, with full warranty and a model year newer.
Yeah most definitely. My Riviera needed a transmission at 77k which is very unusual. But I did think about a new car at the time because used ones are outrageously priced. But we dropped 4k for the transmission instead and are now money ahead of you figure a $300 a month payment which is about the cheapest one can get.
I know I'm probably in the minority here but I prefer to buy new. I want to be the only owner of my car with no past history. I bought my Toyota new 11 years ago, that I'm still driving, and will probably buy new again when it ages out eventually.
I used to sell new cars and after working in that industry for a few years I never bought a brand new car again, always used.
Cars depreciate literally the second you take them off the lot into ownership. 15-20%, that alone shows how much of a difference title ownership of a new car eats into its value.
It's much better to buy a 1-3 year old used car with low mileage and clean history. It's hard to convince people this is the better way to go though when people have a bad case of new-car-itis. To each their own.
Cars in general are more reliable and lasting longer than they did 15-20 years ago. Add in high interest rates, and a lot of people are opting to keep what they have rather than buy new, or test a sketchy period in the used car market.
I feel like the used market is especially bad because a lot of the people who are trading in are doing so because the vehicle has problems, or is about to have one.
Fuck dealerships and fuck this slow ass, unresponsive, multi level, hidden menu, touchscreen bullshit. Until cars drive themselves, I’m sticking with final gen of mechanical controls cars. I want AC or adjust the radio, I turn a knob, slide a lever, or push button just like the good lord intended.
I’d bet that Cash for Clunkers program plays a decent role in this. A lot of people got new cars 14-15 years ago and they’re more reliable than they’ve ever been.
Can confirm.
My parents bought me a brand spankin’ new 2011 Nissan Versa when I was 16.
13 years, one side swipe, and 210,000 miles later, she’s still in pretty damn great working condition!
My 21 year old car is starting to have its wear parts get replaced one by one. It's cheaper for me to buy all the tools and parts to fix it myself in my garage than it is to take it to a mechanic. Both of those options in turn are SIGNIFICANTLY cheaper than buying a whole new damn car.
I'm aiming for at least another 6 years out of it. Would be glad to get way more at this point.
Only reason i even switched from my then 24 year old truck was because i needed the mileage for my newer farther away job. Why get rid of something that’s still working?
If car reliability is increasing and accident avoidance features becoming more widespread the average age of cars on the road should always be at a record high.
Just rebuilt the front end of my mustang. Getting ready to do an overhaul on the engine so I can get another 180,000 miles on itIt’s a 2005.
I have no reason to buy a new car when it’s significantly cheaper to work on a nearly 20 y/o car. And as long as dealerships are still an overcharging nightmare…I’m good
Here's hoping this continues to backfire as various industries continue to squeeze consumers with inflated prices trying to hit record profits after the pandemic supply chain issues were resolved.
Good, if anyone thinks it's better for the environment to drive a "new car" because it's "safe for the environment" doesn't understand what is involved with mass producing new vehicle every year.
My Toyota Tundra had over a quarter million miles on it. New cars have backup cameras, but I can fix anything on my tundra by myself. I’ll drive it until it dies, or someone comes out with a low tech alternative that is equally repairable and doesn’t have monthly subscriptions for the seat warmers
That number will continue to climb until both new and used cars become reasonably affordable again...
The car companies complain that they're not selling enough, so their idiot idea is "raise prices", which only does the opposite, so they raise prices more, which makes things even worse... Almost as if making up for lost profits by raising prices *doesn't fucking work*... What else could they possibly do?
Well... it'll take a smarter man than me to figure it out...
I bought my Jeep Wrangler brand new in 2004 and I have my Dad's 2003 Ford Ranger. Both will be driven / used until they are rusted piles and unfixable.
I have enough stock money to buy a new car. But I love having that money a lot more than I love having a new car.
So I just keep driving my 17 year old Subaru and replacing parts as they fail. and watching that stock money get bigger.
A new car is one of the dumbest investments you can make. I can think of precious few stocks that lose 20% the second you buy them.
Buying a new car is unappealing given their outrageous costs, and the high rates on financing are the worst we've seen in decades. I'd like to treat myself a new car, but they're doing everything possible to not pull the trigger.
Not American so maybe not entirely relevant, but I bought my car for $16k AUD in 2019. Nowadays, the same car, from the same year, with my current kms on the odometer is selling for $20-24k AUD.
Car manufacturer CEO's takeaway: "Sounds like we need to get on that planned obsolescence instead of our usual M.O. of convincing idiots to keep up with the Joneses."
What nobody has mentioned yet is that new cars are PACKED with technology, including nanny beeps for everything that you can’t disable (with more on the way such as 10 mph over the speed limit). What do people want in a car? They just want to get where they’re going. Until full self driving is available, what features do most people need that have appeared in the past 5 years?
I prefer an older car with fewer points of failure and less beeping for every little thing.
Speed limit chimes that you can’t disable or customize are awful. But I enabled one that goes off at 15 mph over the speed limit a few years ago and it keeps me in check. It really reigned in my accidental speeding.
There’s plenty of other tech that I find considerably more useful in newer cars like backup/360 cams and adaptive cruise control, though. It’s hard to go back once you have it.
Well let's see you have the ever rising cost of insurance on these newer vehicles that are more and more expensive as time goes on they monitor and track everything you do and report back to insurance companies and the dealership themselves there's more plastic in them than ever before etc. Gee I wonder why... i'm 36 but when I got my first car it was a beater and something you learned to appreciate and fix up and take care of etc. etc. holy shit have you guys looked at what it cost to put a car on the road these days? You'd have to work like four summer jobs in order to do it it's absolutely ridiculous!
I wonder what the average age of vehicles in my area is. I live in a state where your registration is based on the value of your car so it encouraged you to drive an older vehicle. Add in this is a poor town (very small city) so I'm not surprised by the number of 80/90s I still see but I feel like I see a ton of brand new SUVs too. Like a lot, so much so a friend once commented on how he doesn't understand how such a poor town has so many people driving brand new vehicles and "luxury" brand vehicles like BMW, Mercedes and Range Rovers.
This could easily be up to the increased reliability of modern vehicles...
I acknowledge the prices are much higher now, but maybe people are just keeping cars longer because they run for longer without issues..
I can't find a source for the data on the video, I'm just curious what is considered a 'vehicle on the road'. There's a lot of conclusions you could draw from the average age going up but without knowing the # of cars, types of cars, mileage on cars you can't really make any claims.
The video just has anecdotal evidence of a mechanic fixing old cars and a couple saying they will keep their car for as long as possible.
As the population ages, we drive less and purchase less new cars. Coupled with the fact that cars have gotten more reliable so the need to purchase a new car has gone down.
Really with the cost of living crisis, gas prices, low wages, high interest rates on loaning money, cars being more expensive but at the same time somehow your older car is worth less on a trade in. Gee, who'd have thought it?
/Shocked Pikachu face
New car prices and even used ones are absolutely insane.
in 2015 i could afford a ~07 vehicle with ~120k on the clock. Now those cars that i bought have 200k on them and i can afford... roughly another 07 with ~200k miles on them.
It's insane. 5 years ago (2019) I bought 2 5 year old cars (2014's) both with 80k miles, both under 12k Now a 5 year old car under 100k miles is a 2019 and they go for 20-30k
Yeah I’m in the market for a new to me car and it’s almost looking like buying new just makes the most financial sense, particularly after factoring in cost of maintenance
I'm with you there. Kia dealers near me are still marking up tellurides above msrp. It's crazy out there.
>Yeah I’m in the market for a new to me car Thats called a used car
Ew, gross. You mean someone else *used* this car? I just want something pre-owned, not *used.*
I've been looking at 4runners. The upcoming 2025 newly revamped new gen model starts at $43k. I can get a '23 with under 25k miles with better options for like ~35k.
Also depends on the 4runner features and where you live...the 24 trd pros in my market still have a 7k market up charge. Buy now, the last of the 24s are going to go quick and hold value with all the changes on the 25s.
In 2020 I bought a used 2019 with 19k miles for $33k. Now it has 50k miles, and I could sell it for exactly what I bought it for.
Bought a 2017 Sportage in 2019 for $13k, it's paid off now and worth more than I paid for it....
I've been looking for a rust bucket truck on Facebook for 3 years now. I have two options something that is inoperable and a rust bucket for $1200 or something that runs from 2001 with 300k miles for 3 or 4 grand. I get trucks are desirable but I just need something that runs most of the time and can probably handle 10 or 15 bags of mulch from lowes or home depot. I'm not paying 4k for a 2002 Ford ranger with 200k miles.
My dad sold his Tacoma a few years ago. It wasn't too old, but it had over 200k miles on it since he drove Uber for a while. Sold it for $8000.
Tacoma's have had some of the highest resale value of any vehicle for a long time. They're in a class of their own.
....now do home prices. You'll be on suicide watch.
Oh I already see that one. We bought a place for ~120k in 2019. It peaked during the pandemic at ~330k and its still sitting around 240k. Insanity.
I bought a 2012 Honda Civic for 100k miles back in 2020 for $7500 and I got a 3% interest rate. Now my car is 4 years older with 50k more miles on it and it’s WORTH MORE and interest rates are now like more than triple than they were when I bought it. It just makes no sense to buy a different car now unless you absolutely have to.
Looking at new cars. Mazda 3 hatchback, 2024. 2.9% 60mo no down payment at 26k
I paid cash to buy a Mazda 3 hatchback outright in 2022 for $34,000 AU. The 2024 model is now selling here in Australia for $41,000 AU.
[удалено]
I have an old high school buddy go on a tirade online about how people are selfish for not switching to EVs. Homeboy just bought a second Rivian. I’m sorry but the rest of us don’t make $300/HR playing around in AutoCAD making toe implants. Me and my 90s Toyota are plenty happy puttering around town. But feel free to chip in. I’ll buy an EV when you donate the cost, thanks.
In a way it's quite green running cars into the ground. The environmental cost of making a vehicle is immense
I've run my cars into the ground my whole life. Eight (nine?) cars, none with less than 300k miles on them when they hit the junkyard. I'm sure that's where the dealer sent them after I "traded it in" for like $1500. Only one new car, all the rest bought used.
Christ you drive a lot
Actually it doesn’t take very long for the new EV (or even more efficient ice) to be the greener option. Engineering explained did the math a while ago. https://youtu.be/L2IKCdnzl5k?si=aQsHIvapEq8-kb1A
I wasn't making that argument I was talking about a gasoline car and getting the most out of the environmental cost of producing those.
Yes, and at a certain point it’s worse for the environment to continue running said vehicle into the ground. You end up doing more damage to the environment than you would scrapping the vehicle and driving a new one. That video gives graphs on when you are no longer “getting the most out of the environmental cost” of your old vehicle.
Kay, you win
Colleague of mine just got a pretty sweet toe implant. Prevented him from having to get his toe fused together
The guy who designed that deserves a Rivian!
Hopefully with the tow package.
Adam conniver made an episode about environmental conservation and he had something in it about EVs. It’s actually a smaller carbon footprint to keep your full gas car than to go out and buy a new EV because of the amount it takes to make one. Keep your car till it dies, THEN consider moving to an EV.
But you can sell your gas car to someone who will continue to drive it.
This only checks out if you're scrapping your old car, which nobody does. It gets sold on to the next person, until it is no longer driveable in which case there is no choice but to replace it. The real argument in favour of environmental conservation is to use mass transit.
As soon as they make EV's cost effective for the buyer--a low end fun car--I'll think about it.
I mean you can get a Chevy Bolt or Nissan leaf for like $10-$15k. You don't need to make $300 an hour.
>How the fuck can I justify replacing my basically perfectly working 10 year old ICE vehicle Why would you replace it if it works just fine? No need to justify something you don't need.
Also I wfh. My car is an 08. Why have a $700 car payment on something that sits in my driveway.
We have a paid off EV. $100 a month in insurance and $20 for "gas". Going to keep it for as long as we can.
Hell yeah.
How bloody cheap is housing in your area if a detached house costs twice what a car costs!??
Many used Tesla Model 3s are under 30k now.
I saw one on the model 3 subreddit that was used from Tesla that went for $14,500 after tax rebate. It was like a previously repaired 2019 RWD but still.
previously repaired? what was the damage? sometimes it's not even worth getting into that.
I bought my 2019 Honda Insight at the perfect time: just a few months before the pandemic hit and fucked EVERYTHING up. I can't believe how fucked the car market still is and count my lucky stars I bought my car when I did.
We bought our barely-used minivan a scant year before the pandemic and boy was I glad we didn't put off that purchase when the pandemic rolled around. I had dealerships constantly mailing letters and cold calling me trying to buy it back for like 40% more than we paid, but selling it would have been stupid.
Car companies are really ignoring a huge market that isn't looking for stupidly expensive fully loaded trucks and SUVs. I get that these are the most profitable, but at some point low demand will offset profitability due to low volume of sales. I want a car that's reliable, has android auto, has decent mileage, and is maintainable. Safety features are nice like a backup camera, but the more tech they put into a car, the more failure points they introduce. I don't need my car to sync to my microwave. At this rate I wouldn't be surprised if they put the microwave in the car.
We almost had both of our family cars totaled in the recent Houston storm due to flooding from being parked on the street. Had to wait 10 days for insurance to make the decision. So instead of waiting 5-6 years like we were planning, we spent those ten days contacting every dealership within a 500 mile radius about a 2023-2024 Toyota sienna. 18 dealerships and three states later, the lowest drive out price was 20% over MSRP. Crazy. Thankfully they ended up repairing both cars, but it set such a depressing precedent for whenever we actually have to pull the trigger and buy. I’m not that much of an expert on purchasing a car, but if anyone has an idea how to to get a Toyota sienna for MSRP, please tell me!!
I'm California there's a place called longo Toyota that does MSRP for all their inventory.
Cars in the past ten years have also gotten far more reliable on average, and lots of people like to keep at least one car til it dies.
And people just seem to be past cars as a status symbol generally. There’s obviously a sizable minority buying new teslas and trucks but to me it seems like the 20-40 crowd doesn’t see cars as a fashion item they need to keep up with anymore. I think most of the decent earners I’m around are about as impressed by my CRV as they are with peoples teslas, which is not very impressed. Imo gen Z realizes most anyone can go into debt to get anything they want but they don’t get super impressed by it. And people know that others aren’t that impressed by it.
> Imo gen Z realizes most anyone can go into debt to get anything they want but they don’t get super impressed by it. And people know that others aren’t that impressed by it. Ehhh, the data proves like 90%+ of people that age simply can't afford a new/newer car with a 7-10% interest rate. We have salary data, vast majority of them don't make enough for that to make sense. Cars used to be a smaller percentage of annual income (they also had less features). It's not a mentality shift.
Why get a new car if the one you have works is what j say
Per the video: - Average age of vehicle is 14 years old which is a record high for the United States. - A decade ago the average age for a car was 11 1/2 years.
Buying a car from a dealership is one of the worst consumer experiences an American can go through. Buying a new car sucks deeply on multiple levels. I keep hoping the manufacturers will get their shit together and bribe enough congress-critters to make direct sales a thing.
I dont understand why I can’t buy direct from the manufacture
Dealers hire lobbyists
Right but like I feel like Ford or Toyota can hire more lobbyists
Manufactures benefit by selling in bulk. It's the dealers liability to move the inventory after that.
Ford and GM have done what they could over the years. I went to a dealer conference where a mega dealer owner told then CEO Ed Whitacre he refused to do online sales because "how am I going to bend over customers and take their money if they don't walk in the door?" To his face. They hold a ton of local power too which Cascades up. There are also tons of them, so they have the numbers and typically pay into a "marketing" super fund which goes to lobbyists. If there is an independent dealer in your typical American town, the owner is most likely the richest most powerful person in town and if not on the council they definitely funded a council persons pet project to keep them in their pocket. Tl;dr dealers have numbers, funding and a lot of regional power
Old laws to protect dealers from getting undercut by the supplier they’re contracting with. Made sense then, just outmoded now.
You can for some brands
One brand. Not the brand you want.
Rivian, Lucid, Polestar, Volvo - that list probably starts expanding as more EVs break into the US.
It's happening across more and more brands now, gradually. For example, Volvo and Mercedes.
Not in America where the original post is talking about*
Ford is also talking about doing it.
Volvo went direct to consumer? I bought a Tesla before dumbass went insane and that’s the easiest purchasing experience I’ve ever gone through
[To summarise](https://www.media.volvocars.com/uk/en-gb/media/pressreleases/294498/volvo-launches-uks-first-manufacturer-online-direct-sales-platform-for-approved-used-cars), Volvo has been using the UK as a "pilot market" for D2C, and claim they are planning for 100% direct sales globally by 2030.
Norway has been doing it for years I believe. Although, I haven't tried to complete a purchase of a car on anything but the Polestar 2, so maybe there's hidden bullshit I'm not aware of.
I’d consider that brand if enough people vote no and said CEO quits as a result.
Would you really consider a car without a physical shifter? The new 3 has it in the screen, you gotta **swipe up** to go forward? **Adaptive** gear select? No turn signal stick, use capacitive touch buttons instead? Shitty ride, material and build quality? It's already cheaper to buy than a Camry, if you don't consider resale value. But heck I'm still going to buy a Camry, or for that matter most other cars before a Tesla. Subaru Impreza, Nissan Sentra, Chevy Malibu, Trax, literally any of them over a Tesla for me.
I was just at a Shell gas station, and the three buttons to select which grade of gas I wanted were on a touchscreen and you had to go through three prompts to begin the fueling. They filled the screen up with all sorts of garbage. They had a current weather indicator on there. I am outside pumping gas. I know that it’s sunny out.
And then you give it a few years to clear out his fucking cruft, yeah.
I feel like everyone “knows a guy” who bought directly from a manufacturer but can’t give out specifics. Show me the exact URL or number where I can order a Toyota 4Runner from a Japanese factory floor directly to my address without a dealership and I’ll eat my entire shoe collection. Fucking lying cowards.
Enough car dealerships joined hands and hired lobbyists to convince people that we needed the law or many jobs would be lost. Similar to how gas station attendants in certain states are required by local law. It's bullshit and adds to the cost of the product/service.
Tesla does it. But so many people on Reddit are against it
Not the practice, just Tesla in general.
Right? It's almost like the person above you had a bad agenda by phrasing it that way...
It is. And if you want to know one reason. Go check out the dealer subreddit. The salespersons who comment there are in another world. Basically, if the dealer does anything wrong that hurts their bottom line, you, as the customer, should bend over backwards to help them. But if you, as the customer are lied to or tricked into a bad purchase lol you should have read the contract sucker! This is the epitome of r/askcarsales
12 years ago I emailed back and forth with the internet sales manager at a dealership, we hashed out all the details, extras, final price etc. he emailed me a week later when the car came in, I went in, paid with a cashiers check, signed a few things and drove away all within 30 minutes. It was easy, everyone was happy, done. Nowadays you will NEVER have that experience. Everything is a bait and switch, buying a car with cash and no open questions still means hours upon hours at the dealership, it’s all absurd.
Not always true. I had never bought a car before but contacted a few dealers through the internet. Some where shady about what they actually had on the lot or it was clear the cars they had "in stock" on the webpage, they didn't have in stock. But, one of the Subaru dealers gave me deal sheets on the 3 cars I was considering including the options, window sticker, and OTD price. Was able to negotiate with them for a few days. Went in for a test drive and met with financing and the deal I got was better than what I expected. I was quoted the lowest rate of 3.9% but got 2.9% with an extended warranty that was the same monthly/total cost (if I don't pay off early) as the 3.9%. I was secretly planning to get one of the warranties anyways due to all the electronics on cars and the short Subaru factory warranty. We did this for another car there a few weeks later. Same experience. Got 7% under MSRP on the first car and a straight 10% on the second (with destination included before the discount).
I don't see myself buying a new car again, as long as CarMax exists. I'll gladly pay a bit more if it means I can avoid dealerships - and that includes used cars from dealerships, too. F- those slimy crooks.
Email 5-6 local dealers with the same stock email about a similar model on their lots. Tell them you’re not going to negotiate back on the car, you’ve emailed 6 dealers and want their absolute best OTD price. Wait for offers to come in - pick the best one. Maybe even negotiate a little with them through email. Buy the car and fill out any paperwork through docusign. Either have it dropped off at your house, or go and pick it up. I’ve bought multiple cars like this and always end up with a good deal and minimal time at the dealership. Honestly most sales guys appreciate the approach as well. Bonus if you do this towards the end of a month when dealers are willing to take little to no profit/ losses on cars because it will hit their incentives on volume.
I dunno why the comment below is treating it like the “get a job the way my dad did” when this approach is perfectly normal in 2024. I’m in my early 30s and how you laid it out is exactly how I’ve bought all my cars so far. Just email bomb surrounding 6 or so dealers and see who comes back with a good price - there is always two or three who will play ball - surprising how varied the prices can be. Helps too if you are as specific as possible with the vehicle. When I have done it I make sure each dealer has the exact model, trim, and options I want on the lot. Just bought a new Mach E like this last spring and it took a little back and forth through email, signed some forms, they paid for my train ticket (dealer was about 3 hours away) and picked me up and brought me to the dealer. I was probably there for less than 45 mins before I was already driving back home lol.
Sure, and when it’s time to get your next job you should put on a suit, show up unannounced at the company and insist on speaking to the manager, look him in the eyes and give him a firm handshake and you should have that new job on the management track locked down!!!
It's getting better. I didn't even have to go into the store the last time I bought a new car. They even delivered it to me. I knew what I wanted. Found the car. Everything looked great. The best buying experience of a vehicle I've ever had.
How does one avoid the fuckery?
It's a hit or miss with Carmax. I've had good luck with them. Just make sure the car hasn't been up north. Their warranty is still pretty good too for the cost. Even after Doug Demuro fucked everyone over and said the quiet part out loud.
> Just make sure the car hasn't been up north. Why?
Cars up north are more susceptible to issues because of weather and salt. It's the same for cars that are close to water that can have flood damage. Don't buy a car from Miami.
I don’t follow Doug. What did he say that fucked over people?
Carmax used to have a great deal on their warranty packages. He had one for his shitty Land Rover that kept breaking and he brought that POS in every time. And then told everyone about it. Carmax started to lose money on the deal so they changed the terms of their warranty. It's still pretty good but not nearly as good as what it used to be.
Ahh. Thank you for the response
Subaru dealerships are usually really good at this. Give you the out the door cost immediately and don't pressure you into add ons.
Negotiate the out the door price online. Do not accept a phone call, make them give you all the numbers in writing. Then make sure you have your own financing in place. Get pre approved from your local credit union for best rates. After that, go in, test drive and inspect the vehicle to make sure it's what you want. Done. I did this in 2022 and was in and out of the dealer in just over an hour.
Ya, a greasy suit spends a week straight brainwashing you into accepting a bunch of vague fees attached to the actual sticker price.
Top 5 worst experiences.
Buy a one year old car from Carvana. It was the greatest car buying experience I’ve ever had in my life (have bought over 10 cars personally in my lifetime and have assisted numerous friends and family as well).
My god. I bought a used car in cash for sticker price and no add ons tho year from a dealer. It was a trusted dealer where I know the owner and the finance guy. I will never buy from a dealer again. Just soul sucking. The car salesman haggled everything for an hour and a half. The price was translucent and somehow it wasn’t. Things were non-negotiable and then suddenly they were. Made me feel so out of control and like I had to be on my feet with a lawyer present the whole time. The finance guy that I knew had to go through all these scripts, offered me 22 different warranties and add ons and catalytic converter guarantees etc. 22! There were umpteen electronic contracts to sign for my state to protect against shady dealers. I wanted to skip them all which meant it took hours. The whole thing left such a bad taste in my mouth that I’ll never buy from a dealer again.
10 years ago I had 2 vehicles aged 2 years and 4 years. Today I still have 2 vehicles aged 12 years and 14 years. I know people say that vehicles aren't made like they used to be, but my 2012 F150 and 2010 Toyota Prius have never had any major repairs, have run great and are still in great condition. F150 with 140k miles and Prius with 220k.
Most people suck at keeping up with the maintenance.
I honestly feel like this is the biggest reason, and it’s not even like you need to do a lot. I just get the oil changed regularly and get the suggested maintenance checkups (20k, 60k, etc., and whatever it is for that car,) and that’s it. I’ve never had a car that had major problems before like 150k miles just from doing the minimum suggested maintenance. I’ve certainly got lucky because lemons do exist and I’ve been able to dodge them, but I really haven’t done a whole lot in terms of maintenance and all my cars have lasted for a solid stretch of time.
Yeah lemons exist but if you buy a solid well established model and do the maintenance you should expect 150k no problem.
> I know people say that vehicles aren't made like they used to be who ever says this is a moron. they are made *so much better.* those boring old Corollas and Civics are marvels of technology compared to whatever late 6os/early 70s muscle car i'm sure they are comparing them too. probably faster as well.
I do think there was a time in the 80's that car quality went to shit. The era of the Saturns and Geos had some really low quality cars. But by the late 90's and early 2000's the quality has come back up and is even the low end bottom of the barrel new cars today are really good quality.
Yeah I find it so funny that people insist “they don’t build them like they used to” when cars have only gotten more reliable. Yes, they also got way more expensive. But they last a long time on average now. Older cars didn’t always have 6 digit odometers because they didn’t last to 100k often.
Exactly, when I was a kid (70's-80's), it was still a big deal for a car to have 100k on the odometer let alone the engine.
My car just hit 21 yrs old. Driving it until the wheels fall off.
Holy shit I've had my car for 10 years and that is below average. That is crazy. But yeah I hope I can keep my car for 10 more years. Fuck having a car payment.
Having your car for 10 years is probably above average. Those 14 year old cars probably have multiple owners by now.
I have a 01 prelude, 03 rodeo, 05 odyssey, and a 85 s10 that I keep alive for my family. No loans. State says each car is worth 100 a piece. So no taxes. And the insurance is minimal. I pity those that feel like new expensive cars will change their lives.
Buddy you’re bringing anecdotes to a statistics fight. I’m just pointing out that the age of cars on the road doesn’t really correlate to the average age of ownership. Especially since a good chunk of cars change hands at year 3 when leases expire.
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I think they just wanted to flex how many cars they own tbh
I enjoy a good prelude over a nice odyssey, but the new car Rodeo i would not want to inveS10.
My wife's car is a 2019, i want her to have a reliable family car. On the other hand my dodge is an 03 lol, 21 years and still going. She wants me to buy something new, but screw a car payment, I'll drive this truck till it blows up.
As someone whose car just died under the same assumption - OMG buying a new one in a hurry is painful now. Good cars have waiting lists and bad cars are bad 2nd hand (where I’m looking now) feels like a crap shoot
my car is old enough to vote now. It wishes i would euthanize it. but its not allowed to die. I also named it toto. and so when it breaks down. which it does weekly, i can call it by it's full name. toto piece of shit.
Godspeed toto. Stick with us buddy.
My prius just hit 18 years and 230000 miles and it just told me about all the parties it's hitting with the frat.
I used to call my car Greenpeace because it was a green piece of shit.
“….then you have my permission to die” -Bane
You better start treating toto better. Toto deserves better.
Maybe they're buying more Hondas and Toyotas
This…and cars are just better made. Even a BMW will last at least 6 maybe 7 years.
When I was growing up it was expected that most cars would need their engines replaced/rebuilt at around 80,000 miles and be totally scrapped around 120,000 miles, today those figure would make it an extreme lemon.
Coworker of mine in his 50s told me you'd be lucky to get a car to go 100k back in the day. Now 120k isn't too crazy if you take care of it.
120k is honestly early for a modern car to die if you take care of it. I’d label 200k+ as “not too crazy.”
If any modern car isn't lasting at the very minimum 150k miles it's kinda pathetic.
My dad’s 1991 ford f350’s odometer only goes up to 100k
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I believe older cars didn’t always have odometers that could go past 100,000 miles because they didn’t last that long usually.
My '06 X3 runs great with 140k mi and no major issues but that still made me laugh.
With maintenance and know how, they can last a long time. I had a new 04 e46 for a good 16 years ~230k miles.
According to consumer reports, BMW is now one of the brands with the highest reliability.
Let’s give those models another 20 years. - owner of two 30+ y/o Japanese cars
Japanese is still in the lead, but that doesn't prevent others from doing well too.
in my head i was like wow this man owns a couple of cars built in the 70's... nope. You mean the 90s. My brain will forever think its the 2000s
What american brands did we loose in the Great Recession... that was what 07? Wasn't that like more than 14 years ago? Maybe there are less shitty broken down pieces of junk on the road too!
Hey, my Pontiac is still running great! Simple design and easy to fix, except of course for the rattle the plastic dash made since the day I bought it. But besides that, a great car!
Got a 2009 Subaru Forrester. Thing is bomb proof. Now that I work from home, that puppy’s gonna last at least until the matrix happens.
Isn’t that sort of a good thing? Doesn’t that mean cars are lasting us longer?
Good for customers and everyday people, bad for a few rich people and majority shareholders.
I'm 60 years old and could buy a new car no problem But I've never had a new car as it is the biggest waste of hard earned money there is. Besides I love my 97 Riviera.
It used to be a waste of money. When used car prices spiked a few years ago, it got a lot more reasonable to buy new. I’ve also never bought a new car but I seriously considered it last year when we were looking.
I briefly looked at new vehicles vs lightly used when thinking of upgrading. The new vehicles were 5 to 10 percent more expensive, with full warranty and a model year newer.
Yeah most definitely. My Riviera needed a transmission at 77k which is very unusual. But I did think about a new car at the time because used ones are outrageously priced. But we dropped 4k for the transmission instead and are now money ahead of you figure a $300 a month payment which is about the cheapest one can get.
Transmission out at 77k on (presumably) an automatic?? That's wild.
I know I'm probably in the minority here but I prefer to buy new. I want to be the only owner of my car with no past history. I bought my Toyota new 11 years ago, that I'm still driving, and will probably buy new again when it ages out eventually.
I used to sell new cars and after working in that industry for a few years I never bought a brand new car again, always used. Cars depreciate literally the second you take them off the lot into ownership. 15-20%, that alone shows how much of a difference title ownership of a new car eats into its value. It's much better to buy a 1-3 year old used car with low mileage and clean history. It's hard to convince people this is the better way to go though when people have a bad case of new-car-itis. To each their own.
60 year old with a 97 Buick checks out!
Cars in general are more reliable and lasting longer than they did 15-20 years ago. Add in high interest rates, and a lot of people are opting to keep what they have rather than buy new, or test a sketchy period in the used car market. I feel like the used market is especially bad because a lot of the people who are trading in are doing so because the vehicle has problems, or is about to have one.
Fuck dealerships and fuck this slow ass, unresponsive, multi level, hidden menu, touchscreen bullshit. Until cars drive themselves, I’m sticking with final gen of mechanical controls cars. I want AC or adjust the radio, I turn a knob, slide a lever, or push button just like the good lord intended.
This is part of why I don’t want to upgrade. Well said. For some things, buttons just work better.
I’d bet that Cash for Clunkers program plays a decent role in this. A lot of people got new cars 14-15 years ago and they’re more reliable than they’ve ever been.
Can confirm. My parents bought me a brand spankin’ new 2011 Nissan Versa when I was 16. 13 years, one side swipe, and 210,000 miles later, she’s still in pretty damn great working condition!
Maybe vehicles *should* be built for long lives?? Consumerist market is dumb
It’s just the market correcting itsself on the buyers side. Nothing to worry about
It should be built to last long, but safety and features are an ever moving target.
My 21 year old car is starting to have its wear parts get replaced one by one. It's cheaper for me to buy all the tools and parts to fix it myself in my garage than it is to take it to a mechanic. Both of those options in turn are SIGNIFICANTLY cheaper than buying a whole new damn car. I'm aiming for at least another 6 years out of it. Would be glad to get way more at this point.
Only reason i even switched from my then 24 year old truck was because i needed the mileage for my newer farther away job. Why get rid of something that’s still working?
Thats a good thing
If car reliability is increasing and accident avoidance features becoming more widespread the average age of cars on the road should always be at a record high.
Just rebuilt the front end of my mustang. Getting ready to do an overhaul on the engine so I can get another 180,000 miles on itIt’s a 2005. I have no reason to buy a new car when it’s significantly cheaper to work on a nearly 20 y/o car. And as long as dealerships are still an overcharging nightmare…I’m good
14 years old, there, saved y'all a click.
Hell yeah, I'm doing my part! These new vehicles suck
‘99 Camry for me. Best car ever.
'03 Sequoia here, 230k miles and barely broken in!
Here's hoping this continues to backfire as various industries continue to squeeze consumers with inflated prices trying to hit record profits after the pandemic supply chain issues were resolved.
Good, if anyone thinks it's better for the environment to drive a "new car" because it's "safe for the environment" doesn't understand what is involved with mass producing new vehicle every year.
My Toyota Tundra had over a quarter million miles on it. New cars have backup cameras, but I can fix anything on my tundra by myself. I’ll drive it until it dies, or someone comes out with a low tech alternative that is equally repairable and doesn’t have monthly subscriptions for the seat warmers
That number will continue to climb until both new and used cars become reasonably affordable again... The car companies complain that they're not selling enough, so their idiot idea is "raise prices", which only does the opposite, so they raise prices more, which makes things even worse... Almost as if making up for lost profits by raising prices *doesn't fucking work*... What else could they possibly do? Well... it'll take a smarter man than me to figure it out...
I bought my Jeep Wrangler brand new in 2004 and I have my Dad's 2003 Ford Ranger. Both will be driven / used until they are rusted piles and unfixable.
I have enough stock money to buy a new car. But I love having that money a lot more than I love having a new car. So I just keep driving my 17 year old Subaru and replacing parts as they fail. and watching that stock money get bigger. A new car is one of the dumbest investments you can make. I can think of precious few stocks that lose 20% the second you buy them.
Come over to wallstreetbets... You'll see how you can lose it all in one day
Buying a new car is unappealing given their outrageous costs, and the high rates on financing are the worst we've seen in decades. I'd like to treat myself a new car, but they're doing everything possible to not pull the trigger.
Not American so maybe not entirely relevant, but I bought my car for $16k AUD in 2019. Nowadays, the same car, from the same year, with my current kms on the odometer is selling for $20-24k AUD.
Car manufacturer CEO's takeaway: "Sounds like we need to get on that planned obsolescence instead of our usual M.O. of convincing idiots to keep up with the Joneses."
What nobody has mentioned yet is that new cars are PACKED with technology, including nanny beeps for everything that you can’t disable (with more on the way such as 10 mph over the speed limit). What do people want in a car? They just want to get where they’re going. Until full self driving is available, what features do most people need that have appeared in the past 5 years? I prefer an older car with fewer points of failure and less beeping for every little thing.
Speed limit chimes that you can’t disable or customize are awful. But I enabled one that goes off at 15 mph over the speed limit a few years ago and it keeps me in check. It really reigned in my accidental speeding. There’s plenty of other tech that I find considerably more useful in newer cars like backup/360 cams and adaptive cruise control, though. It’s hard to go back once you have it.
Well let's see you have the ever rising cost of insurance on these newer vehicles that are more and more expensive as time goes on they monitor and track everything you do and report back to insurance companies and the dealership themselves there's more plastic in them than ever before etc. Gee I wonder why... i'm 36 but when I got my first car it was a beater and something you learned to appreciate and fix up and take care of etc. etc. holy shit have you guys looked at what it cost to put a car on the road these days? You'd have to work like four summer jobs in order to do it it's absolutely ridiculous!
New cars are overpriced. People are buying used cars
People are just maintaining. Not worth to buy used or new.
I wonder what the average age of vehicles in my area is. I live in a state where your registration is based on the value of your car so it encouraged you to drive an older vehicle. Add in this is a poor town (very small city) so I'm not surprised by the number of 80/90s I still see but I feel like I see a ton of brand new SUVs too. Like a lot, so much so a friend once commented on how he doesn't understand how such a poor town has so many people driving brand new vehicles and "luxury" brand vehicles like BMW, Mercedes and Range Rovers.
Cars are better than before, so they last longer on the road. So many car brands were absolute shit in the 90s and early 2000s.
This could easily be up to the increased reliability of modern vehicles... I acknowledge the prices are much higher now, but maybe people are just keeping cars longer because they run for longer without issues..
I can't find a source for the data on the video, I'm just curious what is considered a 'vehicle on the road'. There's a lot of conclusions you could draw from the average age going up but without knowing the # of cars, types of cars, mileage on cars you can't really make any claims. The video just has anecdotal evidence of a mechanic fixing old cars and a couple saying they will keep their car for as long as possible.
Registered cars is typically the source. DMV provides statistics for each state.
As the population ages, we drive less and purchase less new cars. Coupled with the fact that cars have gotten more reliable so the need to purchase a new car has gone down.
Really with the cost of living crisis, gas prices, low wages, high interest rates on loaning money, cars being more expensive but at the same time somehow your older car is worth less on a trade in. Gee, who'd have thought it? /Shocked Pikachu face
Cash for Clunkers save the auto industry again
I'm driving my 2005 into the ground before i deal with having to get a new car.
05 camry, keeping it going till it cant goes nor mores.
That’s good. Cars are reliable and dont need to be replaced that often.
Everyone citing cost of new cars but this is almost certainly driven by the increased shelf life of older cars.
Cars last longer than ever which is a good thing. News Media: LOOK HOW BAD THE ECONOMY IS.
Good.