?
?
Wow.
I bet the same people who can "afford" these cars are also bleeding this country dry on government assistance programs.
Is this the average price of a new car or the average price of all cars bought and sold?
living within my means wrote:
Wow.
I bet the same people who can "afford" these cars are also bleeding this country dry on government assistance programs.
The reason the price is so high is because all it takes are rich dweebs feeling indadequete who buy 10 cars all valued over $100,000 and that drives up the average. Trust me bro, everyone in my neighborhood is driving a $10000 or less car. Then again, we don't need to overcompensate for anything (wink)
Go to a region like Fairfax county in Virginia and you will start to wonder why that average isn't higher.
I always buy used.
I'm actually surprised the average cost isn't more.
A 2014 Honda Accord (certainly not a luxury vehicle) MSRP is in the range of $22,745 - $33,480. Granted that's the MSRP, but still, you can easily get up to $29,000 for that car if you load it up.
I bought my 2005 Accord used in 2009 for about $14,000.
I bought a 2011 Honda CRV NEW for right on $20,000.
I bought a used 2006 Scion xA for $9,000.
I would not currently pay $29,000+ for a car. Still have two kids to put through college. Beyond that though, I MIGHT pay then what the equivalent would be. Just depends.
I will always pay for reliability and safety. If I can get good looks too and fun to drive, then that's just a bonus. Though, I suppose if I end up being wealthier than predicted, I could change my priorities there.
Nissan Sentra loaded, paid 15k cash two years ago brand new. 34 mpg. I drive over 35k miles per year. Nice little car. If you dont get caught up in keeping up with the Joneses you can get cheaper cars.
Statistics on the auto market are very susceptible to high outliers.
The median is the appropriate measure of centrality if you want to know what the typical American pays for a car.
Oops, I forgot to include the link:
shoe man wrote:
Statistics on the auto market are very susceptible to high outliers.
The median is the appropriate measure of centrality if you want to know what the typical American pays for a car.
this. I would be interested in what the median is. ($20000?)
For every guy with a $300k Ferrari or Lambo.....
I don't mind buying 10 year old cars with low mileage, and no history of problems. I have picked up 40 grand+ Volvo's, BMW's, and Mercs for 5 grand or less, and I couldn't be happier. There is a sweet spot for buying parts for old cars. In a certain window, everything is cheap. After 10 years, it starts to become more expensive. I have friends who drive BMW's from the early 90's, and they pick up donor cars for a couple grand. Beats buying a new car, if you know anything about fixing your own car...
I believe $30k. Heck, you can't buy a new truck or SUV for much under $30k and look at how many trucks/suv's are on the road.
My personal experience is I don't buy new cars. Never have and never will. My sisters don't buy new, my friends don't buy new. In fact I can't think of anyone I personally know who has purchased a new car in the last 20 years. It made since years ago to buy new when an auto was 30% of the median house hold annual income and said car only lasted 100k miles. But now that the median income = 100% of a new car and that car is twice as reliable... It doesn't make financial since to buy new.
Cars.net wrote:
Oops, I forgot to include the link:
http://online.wsj.com/article/PR-CO-20140130-909592.html
Just new car prices. So obviously the average price of all car purchases is a lot, lot lower
I love you too Flaggy! Thanks for mentioning me in every post of yours!
I make 175K a year and although I did lease a 1999 Cadillac STS and a 2004 Acura RL I've never paid more than the avg price. I bought a nicely equipped 2011 Toyota Tundra with 4,400 miles for $28,500 and won't consider trading in until I'm well north of 200,000 miles.
I didn't vote for Obama.
Cars.net wrote:
Average price of cars sold in U.S. is $29,882. How does that relate to your experience?[/quote]
$29,882=($25,500+x)/n
where
x = the total amount others paid for cars; and
n = the total number of car buyers[quote]
To many outliers, whats the Median car sold ?
My last car was right at $27,000 and it surprises me that it is below average. Easy financing really helps the auto industry.
I paid 19,500 for a new car a couple years ago. 38 mpg and it looks great. Only problem was hitting a huge pothole driving on a major highway through South Carolina and blowing out a tire.