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Reply to "Car ownership is now a luxury"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]yup....avg price of new car this year at $50K. If you live in Fairfax County, you will pay 6% car tax, the crazy insurance rates, etc which essentially has made new car purchases for the wealth. No different now vs homes, and other high price items where MC "realistic and best value" route is purchasing a used car. Hoping EVs will lower new car price, but EV prices likely contributing to the inflation here. [/quote] Or you could get a used Altima for $7k and pay the VA DMV a $500 fee for permission to drive without insurance. The working class can still manage to have a car. [/quote] YES..the working class will "options" but will not be "owners" of future new cars. [/quote] ?What. Do you mean lower income families? I never understood working class as a phase because that describes a majority of people in their 20s through 60s. Usually 25 year olds have lower incomes and they’ll buy a used car. As income increases there are more options. We had used cars that we drove into the ground in our 20s. Now we just bought a new $45k car, paid with cash. I wanted a Genesis but the price was too high for us. Maybe next car or maybe a used car who knows. [/quote]
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