Average New Car Price Now Exceeds $40,000

[GenXer]

Originally Posted by dreamingat30fps

I bought a 2020 Corolla last year. Mainly because my gf doesn't like to drive my giant ass truck (and honestly neither do I unless I have to) or the C7 corvette I had at the time. I think it was like under $19k OTD.

Honestly... if I was not a car guy... I don't see what more the average person could want in a car. It has AC, sunroof, real wheels, apple car play which gives you navigation, keyless entry and it has a bunch of safety stuff like blind spot monitor and even has adaptive cruise control with lane keeping. I'm sure you can even get leather seats in the higher trim levels.

If the shit were to hit the fan tomorrow and I needed to save as much $$ as possible... I would sell all the other vehicles and keep the corolla.

If the proverbial shit were to hit the fan, it would be more like in the movie 2012. So might as well enjoy a new M5 Competition before the whole thing goes down.

Because even if you do hit rock bottom, you can always go finance a Toyota Corolla or a Hyundai. They're practically giving them away. They don't have debtor prison anymore. (Unless you're in the middle east of course) They'll just come and repo your ride like they always do when you don't pay.

[jmg]

Originally Posted by No Boost

It's the $80k+ pick up trucks that make me laugh. You're going to haul scrap and beat the shit out of it so you can have a fully loaded truck with all the bells and whistles?

They're not hauling shit.

[stein_325i]

Originally Posted by jmg

They're not hauling shit.

95% aren't but apparently a very small number of owners actually do this. My son works for a Ford dealership and told me what happens is the boss of a company will buy a very expensive truck (F150-450) like a Limited or King Ranch, and after it passes a certain number of miles its then given to workers at the company where they get torn up and abused until they pretty much die, all that nice leather and materials are ruined. There's still a large number of owners that simply buy it for luxury and just haul air and groceries, but some commercial businesses will haul once their boss is done with the truck.

[jmg]

Originally Posted by stein_325i

95% aren't but apparently a very small number of owners actually do this. My son works for a Ford dealership and told me what happens is the boss of a company will buy a very expensive truck (F150-450) like a Limited or King Ranch, and after it passes a certain number of miles its then given to workers at the company where they get torn up and abused until they pretty much die, all that nice leather and materials are ruined. There's still a large number of owners that simply buy it for luxury and just haul air and groceries, but some commercial businesses will haul once their boss is done with the truck.

Not to mention that there is a special tax break for businesses purchasing or leasing trucks over a certain weight.