Americans can’t afford their cars any more and Wall Street is worried

https://lemmy.world/post/37630345

Americans can’t afford their cars any more and Wall Street is worried - Lemmy.World

If only we had invented and built some sort of alternative mode of collective transportation. Maybe it could be in tunnels and ride on metallic rails. It would serve many people and make periodic stops to the same locations instead of the highway clusterf- we have today. Sad that we don’t, but a man can dream though. A man can dream though. A man can dream.

Buying a new vehicle hasn’t made sense for about 30 years now.

I’ve been driving for about 30 years and in all that time, I’ve never owned a new vehicle. I kept buying used vehicles for about $2,000 - $3,000 per vehicle. The oldest one I’ve ever had is a 2004 Volvo station wagon and I still maintain it and it’s still running as one of my main vehicles. My other main vehicle is a 2010 GMC Truck which I also maintain. They don’t look new, they show a bit of rust around the edges, but they are still very good vehicles that will last several more years.

Once they break down enough … I’ll buy another used vehicle. In all, over the past 30 years, I’ve spent about $30,000 on multiple vehicles (I think I’ve gone through 8 or 9 in that time).

It has never made sense to me to buy a brand new $40,000 car that will only be used for about five years before you buy the next one.

Speak for yourself.

I have purchased multiple new cars over the last 25 years, and, while they’re more expensive than a used car although that difference is shinking all the time), I also run them for years because I can keep up with maintenance. My last new car was bought 14 years ago and is pretty much still new condition. I still even have the plastic film over the climate control screen.

I don’t care about depreciation or resale values.

I still even have the plastic film over the climate control screen.

This is how we know this guy is a bot, alien, psychopath or monster.

HOW THE FUCK HAVENT YOU PULLED THAT OFF?!?!?!?!?!?

Ha! 112k miles and still sticking. At this point, it’s like a streak milestone so I’m just seeing how long it goes and curious what the dealership reaction will be if I ever trade it in. Thus far no one in the service department has ever commented on it.
Would you peel it before you sell it if you ever sell it?
Ooh. That’s a good question. Or do I leave it so they can put it as a feature on the car’s listing? :D
Demand an extra $3k for pristine screen with the oldest most satisfying peel off you would ever experience. Feel the 200k miles as you slowly pull it off.