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A car that would leave you with about a $600/month payment is 'for the masses'?
by 35bge57dtjku 10y ago
A car that would leave you with about a $600/month payment is 'for the masses'?
- GirlsCanCode 10y agoJust write a check for the whole thing! No car payment.
- pmarreck 10y agoLeasing is a thing
- rdm42116 10y agoStill too much, when you could probably lease a civic for way less
- JBReefer 10y agoIs it less than you pay {Civic monthly lease + (Civic Monthly Gas Cost - Bolt Electricity Cost)}?? Honest question! It seems like a critical mark for GM to hit with such an odd looking vehicle.
- pmarreck 10y ago> odd looking vehicle On this note, why is it that EVERY EV (except for the Tesla) has to "look a little weird" or "make a design statement"?
- 35bge57dtjku 10y agoThat's even less 'for the masses' AFAIK.
- vinay427 10y ago"The federal EV tax credit of $7,500 gets the price down to less than $30,000" [1] "the estimated average transaction price (ATP) for light vehicles in the United States was $33,666 in March 2016." [2] A car that costs less than the median purchase price for new vehicles in the US seems pretty close to "for the masses" to me. It's at least in the running for more than half of all new car buyers in terms of price (not in size or amenities, obviously). [1]: Parent article [2]: http://mediaroom.kbb.com/new-car-transaction-prices-up-2-percent-march-2016 http://mediaroom.kbb.com/new-car-transaction-prices-up-2-per...
- honkhonkpants 10y agoYou jumped from mean to median. The /median/ new car price in this country is about $22k.
- vinay427 10y agoI stand corrected, I misread the article I was quoting. Apologies for the error.
- jseliger 10y agoA car that costs less than the median purchase price for new vehicles in the US seems pretty close to "for the masses" to me. It's at least in the running for more than half of all new car buyers in terms of price (not in size or amenities, obviously). TCO for electrics is also likely to be lower: http://seekingalpha.com/article/543861-report-shows-lower-total-cost-of-ownership-for-electric-vehicles http://seekingalpha.com/article/543861-report-shows-lower-to... and their total lifespan is likely to be higher, even taking into account a battery swap after 10 - 20 years.
- TheCoelacanth 10y agoThe average price takes into account all sizes of cars. It is not an average sized car; it's towards the small end which makes prices lower. It's very close to the size of a Kia Soul which goes for $16k and smaller than a Chevy Trax which goes for $21k.
- 35bge57dtjku 10y agoI'd be more inclined to agree with you if everyone always bought new cars.
- vinay427 10y agoBy that measure, almost all cars aren't for the masses because they don't compete with used car prices.