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In 1995, Americans over 55 bought about one-third of all new cars. Today they’re buying almost two-thirds. That's an interesting stat.
by drpgq 8y ago
In 1995, Americans over 55 bought about one-third of all new cars. Today they’re buying almost two-thirds.
That's an interesting stat.
- derekp7 8y agoThe used car market is pretty bad. To get a relatively decent used car of a middle tier model, 3 years old, typically has 60,000 miles, they are often 12k to 18k (when I was looking a couple years ago). That is the price of a lower end new car. If you get a used car that cost 3k to 5k, often they need a lot of tlc, and to me they are in the same condition as a $500 car was back when I was a teen (30 years ago). So my choice over the last 3 car purchase cycles has been "might as well buy new", and my last new vehicle lasted 17 years before I got rid of it.
- anoncoward111 8y agoI'm a 26 year old male living in NY. First car: $2200 purchase price. 98 vw cabrio. 36k miles in 2010. It died in 2016 due to an electrical issue. Sold to scrap, but I also collected an insurancr pay out from it when someone hit me. $2200 / 72 = $30 per month. Bought a 2005 ford focus. Needed the extra space and had to buy it quickly and unexpectedly. Paid $3000, with 100k miles. It's been 1 year already, and I'm expecting 3 total years of life out of it. $3000 / 36 = $83 a month. Not bad at all really! Insurance is $55 a month and I don't spend much on tires/oil.
- eachro 8y ago36k miles on a 12 year old car seems super low. Seems like a great deal! Did you have to get it fixed up? I'm wondering why it only costed $2200.
- anoncoward111 8y agoYeah, that one was an incredible deal, I agree! I loved that car to bits. There was nothing really wrong with it in terms of like, cosmetic damage or rust or engine noises or crunchy transmission. Vw Cabrios just have horrible electrical problems and therefore quite bad re-sell value. Coupled with a motivated seller, VW Cabrios and Jaguar X Types are probably some of the cheapest cars to buy used, but will die quite quickly, especially in wetter climates. Towards the end of its life, my car flat out wouldn't start if it was rained on, and in the last few weeks of its life, when it was humid! Haha. Water droplets in the starter impeded electrical flow to the spark plugs.
- NullPrefix 8y ago>I don't spend much on tires You buy stolen tires? Or cheap low end shit? That's the most important part of your car that keeps you alive.
- tom_ 8y agoIf you're an American and you don't spend much on oil, you probably don't drive much. So the tyres last a long time. That means the cost is low.
- anoncoward111 8y agoI'm not sure what the person above was trying to say about me. Tires are like $70 here to replace, $20 to patch, and if you're like me, "free" because you ride bald tires :p
- deleted 8y ago[deleted]
- stcredzero 8y agoA few years back, I bought a 1998 Toyota Corolla from a mechanic for $1800 and drove it for a few years. No major repairs. If you get a used car that cost 3k to 5k, often they need a lot of tlc So long as you maintain a good used car, the thing most likely to cause a major repair bill is the automatic transmission. Most companies don't do a good job making them, and they'll often incur a big repair cost, eventually. So a good way to save money is to drive manual. Toyota gets their automatic transmissions from Aisen. That's one of the few companies that knows how to make automatics that last.
- baybal2 8y agoCar is a giant money sink... Life in a city with public transport is simply better. You have 2 choices in almost any big city today: spent time in traffic jams in comfort of your car, or ride public transit
- intrasight 8y agoWhere can I find such a city?
- jackalo 8y agoEverywhere besides the United States.
- satai 8y agoPrague, Vienna, Berlín I guess
- expertentipp 8y agoCycling in Prague?! Good luck. Mostly cities on the North European Plain minus Poland. Maybe few cities in France and Spain. I get chills on the thought of cycling in London or in more busy large Italian cities.
- satai 8y agoI don't talk about cycling but about public transport.
- HeyLaughingBoy 8y agoYou assume that public transit is immune to traffic jams somehow? I've spent 45 minutes on the bus to travel the 12 blocks it takes to get out of downtown Minneapolis!
- WorldMaker 8y agoIt's immune to road rage from traffic jams if you aren't the bus driver. Riding in a bus a traffic jam is just more time to read a book, solve the day's crossword puzzle, get some work done, or nap.
- swozey 8y agoDon't forget things like floods. After the recent Houston (etc) floods I won't go near any used cars unless I know their history (vinwiki, friends). Those cars wind up at dealer lots all over the country with no mention of having been in a flood. https://www.click2houston.com/news/investigates/channel-2-investigation-into-flood-cars-for-sale-attracts-national-insurance-crime-bureau https://www.click2houston.com/news/investigates/channel-2-in... ~1M cars was flooded by Harvey https://weather.com/news/news/2018-02-26-hurricane-harvey-cars-destroyed https://weather.com/news/news/2018-02-26-hurricane-harvey-ca...
- masonic 8y agoWhat's the source? I've bought 3 new vehicles in my life and not once was buyer age recorded in the process.