Personal Finance

3855 readers

33 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

128

Americans can no longer afford their cars (www.newsweek.com)

submitted 11 months ago by [email protected] to c/[email protected]

66 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] blueskycorporation 1 points 11 months ago

So the average transaction price for a new vehicle is just shy of $48000. It blows my mind that people are buying such expensive vehicles and then complaining they can't afford them. We bought a new vehicle 3 months ago and its price is only half that amount. Yet it comfortably seats two adults and two kids.

There are plenty of vehicles for sale under $30k. But the people are choosing not to buy them. 🤷‍♂️