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152 points voisin | 6 comments | | HN request time: 0.843s | source | bottom
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bane ◴[] No.42174985[source]
I can't believe that the average price of a car in the U.S. is almost $50k. For rapidly depreciating assets.

Here I am working out TCO costs for a range of mid-sized cars for my next purchase, and trying to decide if the extra $2k for a Prius Prime over a Prius will beat the differential in fuel costs for my driving situation. I feel like a chump, but I know it's the smarter thing to do with my money.

I coworker of mine just spent $100k on a regular old pickup truck that is planned to spend less than 5% of the time doing anything other than commuting him back and forth to work. It doesn't fit in any of the parking garages around here, or in his garage -- he has to park it at the other side of a surface lot because it doesn't fit in the normal spots. It gets like 11 mpg and uses the 92 octane fuel.

Americans won't buy cheap cars, they won't buy upmarket small cars, but they'll burn their children's college fund into the ground for a 2 second gain on 0-60 and bad ergonomics.

I can afford the fancy car, but I'd rather turn $100k into $200k in my index funds and buy an entire apartment in Spain overlooking the Mediterranean with the gains.

We can have nice things, but this is why we can't have affordable things.

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1. ac29 ◴[] No.42175860[source]
> Americans won't buy cheap cars

Sure they will, they'll even buy cheap EVs.

The highest lifetime EV sales in the US is the Leaf, Model 3/Y, and Bolt. They aren't at the top of the list because they're the best cars on the market, but because they are the cheapest.

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2. LeafItAlone ◴[] No.42179926[source]
>The highest lifetime EV sales in the US is the Leaf, Model 3/Y, and Bolt.

The cheapest Model 3 is $42,500. The cheapest Model Y is $45,000.

Is that cheap?

The Leaf ($30,000) and Bolt ($27,500) are cheap_er_ (by a lot), but they are still not what I (and presumably parent) would consider cheap.

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3. bane ◴[] No.42180187[source]
The Leaf was famously available for $10-$12k at one point.
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4. Cerium ◴[] No.42180292[source]
It was 30k new, but you could lease it for nearly nothing (a friend got $120/month) or buy it off-lease for about 10k. I bought one for 10k in 2016, drove it as a daily commuter until 2022 and sold it for 6k.
5. fragmede ◴[] No.42184231[source]
What do consider affordable? There are cheaper cars out there, a Kia Forte will run you $21k, but a new entry-level Honda Civic is $25k, with options it'll get above $30k.
6. m463 ◴[] No.42187158{3}[source]
Used versions are cheap. (right now there are 5 under $3k)

https://sfbay.craigslist.org/search/cta?auto_make_model=niss...