Anonymous
12/13/2022 13:32
Subject: Average price of a new car is $48,094 (as of 9/22)
The Median would be much more useful. The "average" is never useful.
Anonymous
12/13/2022 12:50
Subject: Average price of a new car is $48,094 (as of 9/22)
think many people lease and many write off on taxes etc. If you use for work like real estate. If you go between offices, some docs
Anonymous
12/13/2022 12:45
Subject: Average price of a new car is $48,094 (as of 9/22)
Anonymous wrote:Anonymous wrote:Our HHI is about $600k. We just bought a Palisade for about that much - twice as much as we've paid for any other car. We love the car, but it feels extravagant.
Then I see all these other "real" luxury cars and I know, by the numbers, most of them are making far less than us.
That said, I bought a $20k car fresh out of college when I was making $40k/year, so I can't claim to have always been a financial wizard.
We “only” made in the low $400’s and we are really struggling mentally with the fact that our next car is going to cost $50k. We almost bought it right before the pandemic and it would have been $40k. I’m shocked how many in our neighborhood with similar jobs to us think nothing of spending $80-90k on a car and have two of them! Our second car was $22k at the beginning of the pandemic so that one will last a good long while.
We work really hard for our money and we don’t like to spend it frivolously. I love the old African proverb “once you carry your own water, you will learn the value of every drop.”
PP here. Totally agreed.
I was a car nut in my teens and twenties, but my inclination to spend money on a car has shrunk as my income has risen. I remember telling somebody in my late 20s that "if I'm making $250/year, I'm driving an Aston Martin" in response to seeing a high income person driving a pedestrian car. Now I feel weird driving an (admittedly relatively expensive) Hyundai.
I'd still like to have a cool, fun car. Maybe when the kids are all out of the house.
Anonymous
12/13/2022 07:16
Subject: Average price of a new car is $48,094 (as of 9/22)
Anonymous wrote:Our HHI is about $600k. We just bought a Palisade for about that much - twice as much as we've paid for any other car. We love the car, but it feels extravagant.
Then I see all these other "real" luxury cars and I know, by the numbers, most of them are making far less than us.
That said, I bought a $20k car fresh out of college when I was making $40k/year, so I can't claim to have always been a financial wizard.
We “only” made in the low $400’s and we are really struggling mentally with the fact that our next car is going to cost $50k. We almost bought it right before the pandemic and it would have been $40k. I’m shocked how many in our neighborhood with similar jobs to us think nothing of spending $80-90k on a car and have two of them! Our second car was $22k at the beginning of the pandemic so that one will last a good long while.
We work really hard for our money and we don’t like to spend it frivolously. I love the old African proverb “once you carry your own water, you will learn the value of every drop.”
Anonymous
12/12/2022 20:41
Subject: Average price of a new car is $48,094 (as of 9/22)
Our HHI is about $600k. We just bought a Palisade for about that much - twice as much as we've paid for any other car. We love the car, but it feels extravagant.
Then I see all these other "real" luxury cars and I know, by the numbers, most of them are making far less than us.
That said, I bought a $20k car fresh out of college when I was making $40k/year, so I can't claim to have always been a financial wizard.
Then I see all these other "real" luxury cars and I know, by the numbers, most of them are making far less than us.
That said, I bought a $20k car fresh out of college when I was making $40k/year, so I can't claim to have always been a financial wizard.
Anonymous
12/12/2022 14:10
Subject: Average price of a new car is $48,094 (as of 9/22)
And yet so many morons keep ponying up to buy new cars. This is why I have zero sympathy for student loan whiners. They're often the first to buy a big mcmansion and a stupid new cars, then whine about their student loan payments.
Anonymous
12/10/2022 13:02
Subject: Average price of a new car is $48,094 (as of 9/22)
We just purchased a Subaru @29k. HHI 350k. I thought even 29 k was too much
Anonymous
12/10/2022 12:44
Subject: Average price of a new car is $48,094 (as of 9/22)
I remember back in 2003, my boss got a convertible Mercedes. He probably made $1m a year and he was having a hard time paying $50k for a car.
I think $100k is the new $50k. We need a new car and like cars. Luxury cars are close to or not over 6 figures now for an SUV. We are not looking at the G wagon either.
I think $100k is the new $50k. We need a new car and like cars. Luxury cars are close to or not over 6 figures now for an SUV. We are not looking at the G wagon either.
Anonymous
12/10/2022 12:39
Subject: Re:Average price of a new car is $48,094 (as of 9/22)
After seeing my kid’s college costs around 80k per year, 60-70k car didn’t feel that expensive relatively
Anonymous
12/09/2022 09:48
Subject: Average price of a new car is $48,094 (as of 9/22)
Sorry but there are plenty of cars under that cost.
Anonymous
12/08/2022 22:31
Subject: Average price of a new car is $48,094 (as of 9/22)
Anonymous wrote:People are bad with money. Breaking news at 11.
+1
50k for a car is insane.
The most I've paid for a car is 10k. It's no big deal. You get used to driving a beater.
Anonymous
12/08/2022 17:59
Subject: Average price of a new car is $48,094 (as of 9/22)
Anonymous
12/08/2022 17:28
Subject: Average price of a new car is $48,094 (as of 9/22)
People are bad with money. Breaking news at 11.
Anonymous
12/07/2022 23:16
Subject: Average price of a new car is $48,094 (as of 9/22)
It depends on your lifestyle choices. We make under that and have one car at that price. We paid cash.
Anonymous
12/07/2022 23:10
Subject: Average price of a new car is $48,094 (as of 9/22)
https://www.financialsamurai.com/average-new-car-price/
However, spending more than $40,000 for a new car if your household earns less than $200,000 a year is unwise. With this type of car spending, it is unlikely you will save and invest enough to live a comfortable retirement.
The median household (not individual, but entire household) income in 2022 is $70,784 .