5 ms·
Woooahhhh 50k average? It's never crossed my mind to pay that much. Most of my friends don't own vehicles they paid more than 30k for and that includes a bunch
by Rapzid 3y ago
Woooahhhh 50k average? It's never crossed my mind to pay that much. Most of my friends don't own vehicles they paid more than 30k for and that includes a bunch of well-off software engineers.
What's the median or if they exclude top 10% of earners?
Edit:
For a few years now the Chevy Bolt would be the EV I would get if in the market. Ford has nothing comparable but they are, supposedly, thinking about bringing back the Fiesta as an EV. A brand new Bolt can be had for mid 20s.
- inconceivable 3y agothis really should be split among people who have kids vs. not. once people have kids the budget goes up for a lot of different reasons.
- _ea1k 3y agoNot long ago, the price crossed $30k. I was surprised. It seems that it has moved past $50k only in the past few years. TBH, I'm shocked that the average is so high.
- KallDrexx 3y agoThe average is rising because dealers are pushing auto loans much longer than the previously usual 5 years. They are feeding people's lack of financial literacy with 7-8 year loans under the idea that you can buy a more expensive car while only focusing on the monthly payment.
- _ea1k 3y agoA shocking number of people really only look at the payment. You aren't wrong... sigh.