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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 1 comments | 29 Jun 25 15:59 UTC | HN request time: 0.202s | source
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aorloff ◴[30 Jun 25 01:46 UTC] No.44418386[source]▶
Nobody else has said it so I guess I will.

The reason the US car industry does not want a $25k car is that the financing opportunities are crap for a car of this low cost.

In the same way that airlines exist to offer you a miles based credit card, the US car dealerships survive by offering you a loan for the car. Or perhaps, a car to go with your structured finance opportunity.

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SoftTalker ◴[30 Jun 25 03:11 UTC] No.44418924[source]▶
Buy the best used car you can afford for cash and forget all that dealership nonsense
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financypants ◴[30 Jun 25 03:26 UTC] No.44419017[source]▶
The small and quasi-loophole to getting a good used car deal is buying a hail damage car. I genuinely don't understand why cars were made to have shiny paint. Cars drive on dirty roads with insects and pebbles abound. Paint doesn't matter. Car washes are crazy, except to abait rust
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1. ggm-at-algebras ◴[30 Jun 25 03:44 UTC] No.44419139[source]▶
Confirmation bias but a very good friend did this: bought back the hail damaged car from the insurer in preference to keeping the undamaged VW Beetle, sold the beetle, has been driving the hail damaged car with the minimum legal insurance to third parties for 15 years since. She's streets ahead in costs of car ownership and drives long and short distance, urban and country.