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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 5 comments | | HN request time: 0.822s | source
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zeroq ◴[] No.44418882[source]
Last year we bought a car.

While not being a petrol head I was still living in a lala land where you could buy a brand new car for 10k EUR. Nothing fancy, just "a car". Obviously it turned out to be not true.

After some digging it turned out that in the last 10 years the price of cars went double. Literally double. Same car, like Fiat Panda, with the same engine and configuration, that ten years was worth one potato is now worth exactly two potato.

Long story short, the entry level car now costs close to 25k EUR. [1]

But here's the kicker.

While subvenstions seem to fail in most cases for regular people - like gvt giving people money to buy apartements equals to apartments being equally more expensive - it seems to work wonders for automotive thanks to Chinese.

EU offers up to 10k EUR subvention for electric cars and with that in mind you can get something like BYD Dolphin for slighly less than 20k EUR. Which is mind blowing. The car is comparable to Volvo XC40. Of course this is just an example and there is plentiful of other options.

[1] If you're not familiar or comfortable with EUR just think 1 EUR is 1 USD and you'll be fine.

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1. MarcelOlsz ◴[] No.44418986[source]
On the other hand you could have bought a mint condition E30 late model for $10k euro.
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2. leakycap ◴[] No.44419104[source]
Yes, but repair costs haven't gone down and the E30 will need maintenance and repair at $10k euro. Time without a car or an unreliable car also doesn't work for most working people these days.
3. friendzis ◴[] No.44419880[source]
Have a car that's effectively uninsurable and then spend months sourcing parts that are not chinesium whenever something breaks? For the same 10k you can get F30 which is not even in the same league as a daily people mover and is actually repairable.
replies(1): >>44427356 #
4. eptcyka ◴[] No.44419974[source]
A car without isofix, adaptive cruise and worse crash safety.
5. MarcelOlsz ◴[] No.44427356[source]
I pay $130 a month to insure my E30. All OEM parts are 98% available and you can do tons of repairs yourself if you're so inclined, it's the Thinkpad of cars. I've run my E30 with raised suspension and some hardcore winter tires and I got through some insanely tough northern winters no problem. I get all my parts via FCPEuro. Here [0] you can see all parts in the car in a 3D way along with prices. Also has a Bentley service manual making maintenance a breeze. Brilliant car/community. Also gets 7.0L/100KM 40 years later.

[0] https://www.realoem.com/bmw/enUS/partgrp?id=1113-USA-04-1991...