I’m not so quick to blame Obama for this. I remember when I bought my 2006 Scion xB. I was going to get a used one, but they were almost as expensive as new. I considered new to be the better deal.
Hold on tight, folks; a crash is coming.
Come to Oregon. Portland and Springfield are endless used car lot strips. Thousands of good used cars, pretty cheap too.
My son-in-law is a used car salesman. Cash for clunkers nearly wiped out the industry.........
Cash for clunkers didn’t help.
I don’t know why the GOP hasn’t used cash for clunkers more as a campaign point.
How many people can pay $40-50K for a full size pickup truck now on a 5 year note or if you somehow get a 7 year note, by the time you pay it off, you need another new truck!
I just bought a used Toyota Corolla with 90K miles for 6K and a 2002 Ford Ranger in mint condition with color matching cab with only 90K on it for $8.5K. So I got two used cars with low taxes that should last 300K miles each for basically $14K and some change.
I own a 57 Bel Air and a 67 Camaro. Gas is expensive, but repairs are cheap and I can do them myself.
Example, my mother just spent $1500 for timing belt, battery, alternator.
I would have been out $75 for the alternator and $115 for battery, and I never blow a timing chain on a small block chevy.
$1310 difference pays for a lot of gas, and some new roller rockers. Vrooooom.
You can do all right buying a car directly from the rental companies like Hertz
Many of the reasons cars are so expensive are because of federal mandates to car manufacturers.
Since some states are now considering laws that guns and ammunition manufactured and used exclusively in their state cannot be regulated by the feds, a good question is whether the same idea could be applied to cars?
That is, if there was a state law that as long as cars were made according to state rules, they were legal except on federal highways, what kind of vehicles would you get?
Most states would likely require safety glass and seat belts, but not a whole bunch of other expensive gear, such as airbags, black boxes, and depending on the vehicle, not even a catalytic converter. They would most likely get much better mileage, and ironically, be much safer than by federal standards.
You mean like My Great Aunt’s purchased new in 1940, her 1940 Buick, then it going to my Dad, and then going to my Son. It is fully restored from the ground up.
I have a friend who is a mechanic. He told me some time back that auto manufacturers, in the past, had to provide parts for 10 years after a car was manufactured. But now, that time period has been shaved down.
Our used vehicles are all 2006 and older, so this concerns me. I prefer to keep a vehicle until we run the wheels off it.