Re:The $20 an hour Cessna 172 experiment
by beowulfey on Friday February 10, 2023 @08:33AM
(#34739393)
Did you mean buying a new used car vs a new car? That would financially be a better choice for most americans, yes. But of course you then run into the uncertainty of how long the used car you buy might go before it needs major service. A riskier option that loosely reflects the Pratchett/Vimes “new boots” theory.
No, I meant the cheapest new car vs the new car they can reasonably finance.
Re:The $20 an hour Cessna 172 experiment
by gateorade on Friday February 10, 2023 @03:16PM
(#34745181)
I guess I misunderstood your point. I was thinking you were saying that you thought most people walking into a dealership and getting loans a on 30k+ new car could afford to pay cash instead. For the same car.
Anyway, that’s an unexpected 500$ expense. My point was people financing a 50+k new car could fairly easily buy a 17,600 car out of pocket by waiting a little longer before purchase. Large scale changes in purchasing habits would have significant knock on effects for the used car market, but that’s another story.