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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 1 comments | | HN request time: 0.218s | source
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aorloff ◴[] 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 ◴[] No.44418924[source]
Buy the best used car you can afford for cash and forget all that dealership nonsense
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financypants ◴[] 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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leakycap ◴[] No.44419135[source]
The issue you'll face is when you go to sell it – any noticeable hail damage means you are getting 1/2 the resale value if you can even find an interested buyer.
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bigstrat2003 ◴[] No.44420028[source]
Ideally you should be driving the car until the wheels fall off anyways. Faffing about selling cars and buying newer ones is a waste of money.
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1. leakycap ◴[] No.44420590[source]
> Faffing about selling cars and buying newer ones is a waste of money.

Depends. No reason to pour money into a depreciating asset that you trust your life with.

I saw an early 2000s small car get into a ~30mph collision recently and ... I wouldn't drive an early 2000s car after that. A lot of people do, and they probably should try to get something with more modern safety equipment.