Reply to Wow the lack of financial education in this country is staggering

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] A car loan for a 15k used car- yes that’s a need.[/quote]

Where does one find a reliable $15,000 used car that doesn’t have high mileage and isn’t going to break down frequently or need expensive repairs?  No, nobody needs a $50,000 car, but I love how people on this board make it seem like inexpensive, reliable used cars are so easy to find.[/quote]
They are, if you know what you're looking for. Private sales + a trustworthy mechanic. That's how I've purchased all my cars. [/quote]

You’re describing the ideal way to find a car but that is no longer the case. Folks who have a quality older used car are holding onto them. Those who are selling are likely those who either: think their cars are worth more than they are , don’t like the trade in quick sale value they’d get from Carmax or have a costly issue they aren’t disclosing. Also, the supply of quality used cars has gone down. So many sub par options…even if you’re the meticulous buyer I think you are. [/quote]

So true. My car right now has $160,000 and I am about to do some preventative maintenance later this week that will cost about $5k. Hopefully I can get another $100k out of this car.

Can someone please explain why cats are so so expensive these days? I am sick and tired and hearing about supply chain supply chain supply chain...We are no longer in 2021...
Yet supply chain supply chain supply chain

[/quote]

Could it be … tariffs?[/quote]

And the bad news is that even if tariffs go away, car makers WILL NEVER lower prices. We are absolutely overpaying for cars. And then add the fact that in the US to buy a car you don't have many options. Outside of Tesla, I don't know many brands that you can purchase without going to SOBs dealers. God I hate those crooks. The entire experience is just nauseating.

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