I personally think cars have stayed in quite a good range of prices for a while now. The life-saving devices alone make it worthwhile to buy one of these instead of some used piece of trash. People who can’t afford something and buy it anyway are idiots. We are conservatives here. We don’t blame others. We blame ourselves when we do something stupid.
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.