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That’s a nice anecdote. The average new car selling price is over $30k (in the US).
by zaroth 7y ago
That’s a nice anecdote. The average new car selling price is over $30k (in the US).
- mbrumlow 7y agoI think the point is a used 10k car will almost always be more cost effective.
- rasz 7y agoBangeronomics make most sense only if you are willing to work on your own car.
- vonmoltke 7y agoThey make even less sense for complex, proprietary EVs.
- beatgammit 7y agoNot really. For $10k, I got a car in really good condition with ~$60k miles, and most cars don't have issues until at least 100k miles, if not closer to 150k miles. My car has ~120k miles right now, and I've done very little aside from getting oil changes and having the factory service around 90k miles. My car cost ~$20k new, and I could sell it for $3-5k, so I'm already ahead if I sold and bought another $10k car today. Buying a new car only really makes sense if you're really interested in cutting edge technology or are very particular in the options you want. You can't really get a reasonable electric car used, so new is going to be your best bet there. However, you will pay more than if you buy a quality used car.
- zaroth 7y agoOf course it will be, but isn’t that totally irrelevant? You can’t release a new type of used car!
- justin66 7y agoIt's difficult to generalize. A 10k luxury car is a high-risk proposition, unlikely to be cost effective. (cost of maintenance, insurance, etc.)
- nicoburns 7y agoThese might be 10k when you buy them used...
- lostmsu 7y agoAnd what is the median? Is it for new cars only?
- adventured 7y agoThe median figure doesn't exist. I've looked for it for ten years, it never gets reported anywhere. The $34,000 figure (2019) is the average for all new consumer passenger vehicles, including SUVs, trucks (eg F-150), luxury, etc. A typical mass market vehicle will more often be in the $22,000 to $26,000 range. From a Honda Civic around $19k, to high volume trucks around $26k-$32k (all base model prices). The Ford Explorer is one of the only vehicles on the top 20 best selling list where the base model well exceeds $30,000; it starts at $36k, versus the F-150 that starts at $28k.
- deng 7y agoAt least for Germany, it is pretty much impossible to really know the average price of a new car. This is mostly due to so called "Händlerzulassungen", which means the dealer will actually buy the car, register it for a day, and then sell it as officially "used". This is why at least in the official statistic, only 30% of all new cars in Germany are sold to private citizens. Dealers do this because they are then more flexible w.r.t. pricing, and also they often get bonuses for registering a certain amount of cars in a quarter.
- mikeash 7y agoI don’t think that’s done in the US. At least I’ve never heard of it, and if a dealer tried it with me I’d probably walk out, assuming they were scamming me somehow.
- vonmoltke 7y agoGenerally states require a vehicle to be driven for a certain amount of time before it can be sold as used. I'm also not sure that dealers are permitted to register cars that they are not using as service loaners.
- NullPrefix 7y agoThat's a nice anecdote. What's the average new and not new car selling price?