Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn’t been true for years but it still seems pervasive in personal finance spaces.

  • Xartle@lemmy.ml
    link
    fedilink
    English
    arrow-up
    14
    ·
    1 year ago

    Probably not the point of the post, but I’ve found the economics of owning a car in general has changed for me. It actually stopped making financial sense for me to own a car in 2017-18. The pandemic drove it home. We still have one car for the house, but I wouldnt be surprised if it isn’t the last car we buy…

    • HubertManne@kbin.social
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      We have had one for a long time but give my wifes medical conditions we will continue to have one. Would love not to though.