There are now no new vehicles you can purchase in the US for less than $20k

7,194 Views | 102 Replies | Last: 10 mo ago by agracer
aggie93
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3:02p, 8/15/23
AG
Make no mistake, inflation, CAFE standards, and the endless regulations on cars are crushing middle and lower class folks trying to scrape by.


"The most terrifying words in the English language are: I'm from the government and I'm here to help."

Ronald Reagan
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Sea Speed
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3:05p, 8/15/23
AG
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.
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amercer
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3:07p, 8/15/23
AG
Or no one wanted a cheap car anymore.

Pretty sure most people have been signing up for $800 a month payments on 72 month notes for a long time now. If people were clamoring for cheap ass basic cars instead of King Ranch F150s, there would probably still be some options.
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AlaskanAg99
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In reply to Sea Speed • 3:08p, 8/15/23
AG
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.


Have you see the streets of Cuba?
aTm '99
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Cowboy Curtis
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3:09p, 8/15/23
AG
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No Spin Ag
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3:09p, 8/15/23
I didn't know they still made vehicles for under 25k. I can't imagine what you can get paying less than for an Accord.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Martin Q. Blank
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In reply to Sea Speed • 3:09p, 8/15/23
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.
They drive rust buckets with paper plates.
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one safe place
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In reply to amercer • 3:11p, 8/15/23
amercer said:
Or no one wanted a cheap car anymore.

Pretty sure most people have been signing up for $800 a month payments on 72 month notes for a long time now. If people were clamoring for cheap ass basic cars instead of King Ranch F150s, there would probably still be some options.
I don't know how many but more than a few are paying more for two vehicles than they pay on their house payment.
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oh no
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In reply to aggie93 • 3:22p, 8/15/23
AG
Quote:
Make no mistake, inflation, ...standards, and the endless regulations .... are crushing middle and lower class folks
yeah, that's how socialism works
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Science Denier
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3:24p, 8/15/23
AG
A smart car is over $20k?

Or, do they even make those any more?
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Psycho Bunny
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In reply to aggie93 • 3:30p, 8/15/23
aggie93 said:
Make no mistake, inflation, CAFE standards, and the endless regulations on cars are crushing middle and lower class folks trying to scrape by.


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Agthatbuilds
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In reply to Sea Speed • 3:34p, 8/15/23
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.


There was a survey that dropped saying something like 70% of people earning 170k a year live pay check to pay check and worry about income.
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Hungry Ojos
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In reply to Agthatbuilds • 3:38p, 8/15/23
Agthatbuilds said:
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.


There was a survey that dropped saying something like 70% of people earning 170k a year live pay check to pay check and worry about income.


There is literally NO WAY that can be true! 70%????????
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Logos Stick
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In reply to amercer • 3:40p, 8/15/23
Lol, no. There's this thing called inflation.
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agracer
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In reply to Sea Speed • 3:41p, 8/15/23
AG
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.
I know people looking at buying a new Tahoe XL....for $80,000!!!

These are not rich, lots of disposable income people, but 72 months of payment makes it work.

And understand they're not towing a boat, or camper or anything. They just want "more space" than the Traverse they currently own for the family of 5.

When I point out they can get a top of the line Odyssey or Sienna for less, with just as much space, better gas mileage, lower insurance and taxes, the response is "NFW I'M DRIVING A MINIVAN!!!". I honestly don't get that stigma...it went away in about 1997.
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Showertime at the Bidens
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3:42p, 8/15/23

Growing up I don't know anyone who bought a new car. All the middle class people I knew drove older used cars. Some were still a one car household, but that was ending quickly.

Middle class families in the 80s were middle class because they were frugal. And didn't live paycheck to paycheck buying new homes and vehicles on payments.


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TheBonifaceOption
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In reply to Hungry Ojos • 3:43p, 8/15/23
Hungry Ojos said:
Agthatbuilds said:
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.


There was a survey that dropped saying something like 70% of people earning 170k a year live pay check to pay check and worry about income.


There is literally NO WAY that can be true! 70%????????
Thats not 70% of Americans, thats 70% of the employed under $170k.

The true number is probably close to 90% of total Americans.

I would bet only 1-in-10 Americans actually try and save money. The rest spend it faster than they make it.
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Agthatbuilds
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In reply to amercer • 3:47p, 8/15/23
amercer said:
Or no one wanted a cheap car anymore.

Pretty sure most people have been signing up for $800 a month payments on 72 month notes for a long time now. If people were clamoring for cheap ass basic cars instead of King Ranch F150s, there would probably still be some options.


It's funny for me becuase I look for the most basic of cars and it's hard to even find those anymore. Add in all the bull**** like mandatory reverse cameras, tire pressure monitors, auto emergency braking, and so on.

Do theses lead to less crashes? Debatable. I'm sure that's the argument but insurance isn't going down as a reflection of less crashes.

Simple cars are just harder to find now. The most basic models of today are almost as fancy as the top models of the past. Don't need them but have no choice.
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rocky the dog
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3:48p, 8/15/23
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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aggie93
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In reply to amercer • 3:48p, 8/15/23
AG
amercer said:
Or no one wanted a cheap car anymore.

Pretty sure most people have been signing up for $800 a month payments on 72 month notes for a long time now. If people were clamoring for cheap ass basic cars instead of King Ranch F150s, there would probably still be some options.
Always a market for a cheap, reliable car.

BTW, whomever can tie into the "Rich Men North of Richmond" vote as well as the folks here is going to be hard to stop.


"The most terrifying words in the English language are: I'm from the government and I'm here to help."

Ronald Reagan
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Showertime at the Bidens
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In reply to agracer • 3:50p, 8/15/23
agracer said:
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.
I know people looking at buying a new Tahoe XL....for $80,000!!!

These are not rich, lots of disposable income people, but 72 months of payment makes it work.

And understand they're not towing a boat, or camper or anything. They just want "more space" than the Traverse they currently own for the family of 5.

When I point out they can get a top of the line Odyssey or Sienna for less, with just as much space, better gas mileage, lower insurance and taxes, the response is "NFW I'M DRIVING A MINIVAN!!!". I honestly don't get that stigma...it went away in about 1997.


Their kids will never know the embarrassment of pulling up to school getting dropped off in your mom's station wagon.
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Hungry Ojos
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In reply to aggie93 • 3:54p, 8/15/23
aggie93 said:
amercer said:
Or no one wanted a cheap car anymore.

Pretty sure most people have been signing up for $800 a month payments on 72 month notes for a long time now. If people were clamoring for cheap ass basic cars instead of King Ranch F150s, there would probably still be some options.
Always a market for a cheap, reliable car.

BTW, whomever can tie into the "Rich Men North of Richmond" vote as well as the folks here is going to be hard to stop.




I bet you every single one of these people voted for Biden. They just don't get it. Apparently never will.
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Agthatbuilds
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In reply to Showertime at the Bidens • 3:54p, 8/15/23
We got a prius. More space.....pffff. if we can't fit it, it doesn't come with us
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Charpie
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3:54p, 8/15/23
AG
It has nothing to do with inflation. It has everything to do with the OEM's being smart and not flooding the market with a ton of supply like they did before COVID. They are making a ton of cash. They give zero ****s about you.
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TKEAg04
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In reply to agracer • 3:58p, 8/15/23
AG
agracer said:
Sea Speed said:
I truly don't know how most families survive day to day and I have no idea how we haven't collapsed yet.
I know people looking at buying a new Tahoe XL....for $80,000!!!

These are not rich, lots of disposable income people, but 72 months of payment makes it work.

And understand they're not towing a boat, or camper or anything. They just want "more space" than the Traverse they currently own for the family of 5.

When I point out they can get a top of the line Odyssey or Sienna for less, with just as much space, better gas mileage, lower insurance and taxes, the response is "NFW I'M DRIVING A MINIVAN!!!". I honestly don't get that stigma...it went away in about 1997.
We had some friends purchase a $125k Escalade because they needed more space.
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Logos Stick
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In reply to Charpie • 4:02p, 8/15/23
Charpie said:
It has nothing to do with inflation. It has everything to do with the OEM's being smart and not flooding the market with a ton of supply like they did before COVID. They are making a ton of cash. They give zero ****s about you.


It has everything to do with inflation. An $18k car two years ago is over $20k today. Look at the inflation rate and do the arithmetic.
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oh no
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In reply to Hungry Ojos • 4:02p, 8/15/23
AG
Quote:
I bet you every single one of these people voted for Biden. They just don't get it. Apparently never will.
if they didn't last time, they will eventually, because socialist policies create inflation and higher taxes that impoverish people. Impoverished people vote for more socialism because they need the free handouts.
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nortex97
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In reply to oh no • 4:03p, 8/15/23
AG


Yep. The WEF/Democrats must be defeated.
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Psycho Bunny
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4:04p, 8/15/23
Watch for 84, 96, 108 and 120 month payments becoming a thing at dealerships. .
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Charpie
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In reply to Psycho Bunny • 4:05p, 8/15/23
AG
Psycho Bunny said:
Watch for 84, 96, 108 and 120 month payments becoming a thing at dealerships. .
Where have you been? 84 month payments have been a thing since before COVID.

Banks are dumb enough to finance these cars.

OEM's are keeping the market tight because they are making a ton of money off of them, as are dealerships.
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oh no
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In reply to Psycho Bunny • 4:06p, 8/15/23
AG
Psycho Bunny said:
120 month payments
if only new vehicles lasted more 10 years these days.
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Logos Stick
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In reply to Psycho Bunny • 4:06p, 8/15/23
Psycho Bunny said:
Watch for 84, 96, 108 and 120 month payments becoming a thing at dealerships. .


LOL. 120 months. It's ridiculous.
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Logos Stick
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In reply to Charpie • 4:07p, 8/15/23
Charpie said:
Psycho Bunny said:
Watch for 84, 96, 108 and 120 month payments becoming a thing at dealerships. .
Where have you been? 84 month payments have been a thing since before COVID.

Banks are dumb enough to finance these cars.

OEM's are keeping the market tight because they are making a ton of money off of them, as are dealerships.


Lol, it's inflation.
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No Spin Ag
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In reply to Logos Stick • 4:08p, 8/15/23
Logos Stick said:
Charpie said:
It has nothing to do with inflation. It has everything to do with the OEM's being smart and not flooding the market with a ton of supply like they did before COVID. They are making a ton of cash. They give zero ****s about you.


It has everything to do with inflation. An $18k car two years ago is over $20k today. Look at the inflation rate and do the arithmetic.


I tried your "math" and it does seem that vehicles were less expensive the further back in time you go.

Do you think that means vehicle prices when Bill was president were lower than when Trump was president?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Logos Stick
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In reply to No Spin Ag • 4:11p, 8/15/23
What is your point?
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