I completely agree with the author. Low cost cars are impossible to find and even the used car market is suffering. I only buy used and we keep our cars until they are basically dust.
Last year, my son got rear ended which destroyed his very well used Mercury Sable. I bought it for $1500 about 7 years before.
He had a limit of $5000 and could barely find anything in that price range that wasn’t decrepit.
All this new crap they put on cars is nice. I have a little bit of it in my company car, but I live just fine without it in personal cars.
Going in to deep debt on an item that depreciates every single day is not a worthwhile investment, nor is it a particularly conservative trait.
A low end econo-car is a thing I would consider. I’m at a point in my life that I could afford a really nice, somewhat expensive car, yet I have absolutely no desire for one.
“Low cost cars are impossible to find and even the used car market is suffering.”
Thank “cash for clunkers” in part, for this situation.