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152 points voisin | 1 comments | | HN request time: 0.199s | source
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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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dogleash ◴[] No.42176520[source]
> Americans won't buy cheap cars

Not from a new car dealership, no. They'll buy cheap cars, but the mere act of driving a new car off the lot is a huge deprecation event in the life of the car. Why would price sensitive buyers go to the dealership?

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1. kube-system ◴[] No.42186321[source]
In fact, most don't. 3/4 of car sales in the US are used cars. The vast majority of Americans are driving used cars. Only relatively well-to-do people buy new cars. It might seem counterintuitive, but the stock of cars on the road is rotated around a lot, and new cars are only a small fraction of them.