Car prices are scary high

[Anonymous]

Anonymous wrote:One of my cars is close to qualifying for historic tags. 😂

The “new” car is 16 or so.

I agree car prices are crazy high. We held onto these relics party because the pandemic car prices were too high for our taste.

We will probably get a $30k car and pay cash.

This is exactly me. I just donated a 2004 prius and replaced it with a Civic, paid in cash. (just over $30k FWIW, which is insane for a civic).

DH has a 2008 CRV and is starting to look for his next car.

[Anonymous]

Anonymous wrote:Still driving a car I love that I bought new in 2017, has 60K miles, cost $28K financed at like 2% and paid in full by 2020. Although it has a lot of life left and I plan to drive it a while, I am terrified looking at new car prices now. When I bought this car I was choosing between it and a $40K Audi. That same Audi is now $60K and my income certainly hasn’t gone up 50%. My current non-luxury car was in retrospect a great buy but how will I afford to replace it? You can’t buy a decent used car for what I paid for this new.

Use this one as long as you can, save money so to buy a good economical horse like Honda or Hyundai on cash and be done for another 10-12 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Still driving a car I love that I bought new in 2017, has 60K miles, cost $28K financed at like 2% and paid in full by 2020. Although it has a lot of life left and I plan to drive it a while, I am terrified looking at new car prices now. When I bought this car I was choosing between it and a $40K Audi. That same Audi is now $60K and my income certainly hasn’t gone up 50%. My current non-luxury car was in retrospect a great buy but how will I afford to replace it? You can’t buy a decent used car for what I paid for this new.

Use this one as long as you can, save money so to buy a good economical horse like Honda or Hyundai on cash and be done for another 10-12 years.

That’s what we’re about to do. First Hyundai is 12 years old, about to get a second that will hopefully last as long. Seems to run about $28k. Very expensive but it’s our only car so not as painful as doing it twice!

[Anonymous]

This is why I bought a Toyota Corolla. Great price and great on gas. Very reliable car. I have two boys, and this car got me through their tween and teen years. Travel sports, carpools, etc. It was small, but so what; it worked. I'm still driving it today. My boys are now 18 and 24.

[Anonymous]

I read somewhere recently (here maybe?) that we no longer buy cars, we buy computers. And the price reflects it.

[Anonymous]

The market could be turning a corner....https://www.cars.com/articles/2024-could-be-a-buyers-market-if-youre-buying-new-report-478345/