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The median household income is around $50k/yr in the U.S. That's household income. To the extent people are spending this much, they're insane for doing so. I'
by dionidium 11y ago
The median household income is around $50k/yr in the U.S. That's household income. To the extent people are spending this much, they're insane for doing so.
I'm having trouble finding a median car sale price -- there are a bunch of articles about the average cost of new cars -- but I doubt most families actually are spending that much on transportation. Once you cut out used cars, those without cars, and those spending significantly less for their Kia or Hyundai or whatever, I think you'll find that very few people spend $40k on a car. That's a luxury purchase.
- prawn 11y agoTo the extent people are spending this much, they're insane for doing so. You have probably already realised this if you've lived on the planet for more than 20ish years, but the majority of people certainly seem to be quite insane.
- dionidium 11y agoWell sure :) It likely doesn't help that I'm a cheapskate. As a programmer, I'm probably pretty close to the demo that should want a Model 3, but I drive a 2007 Hyundai hatchback with a manual transmission. So I think everybody's crazy.
- techdmn 11y agoI'm in a similar boat, I paid cash for a 2003 Mazda hatch with a manual. When I bought it I did the math, and figured that compared to the lease payment and insurance on a new Mazda I would break even in 10 months. I've been driving it for over two years. :-) Why would I want a new car? Then I'd just have to worry about scratching the paint, or even (heaven forbid) drive it nicely. Ug. However, I will say that a Model 3 is the one new car I might consider.