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Car Prices Might Be Unsustainable for Buyers
(www.wsj.com)
Even worse is that our European "low emissions zones" are forcing us to buy new cars (not seond hand ones). Al for the environment right? It is a 360€ fine every time we cross such a zone in an older car.
So if you can't afford a new car, they fine you for it pretty hefty. Long live the rich.
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(9 replies)
My understanding is that a big part of the reason car prices are up is that everybody wants luxury brands + high-end trims now. So a lot of these delinquencies could be for people who would have had no problem affording a $300/month car lease if they'd opted for a cheaper car.
More like the only ones that can afford new cars, want the luxury cars. And automakers make more off them, so that's what they make.
Which means the used car market also gets inflated because there's not as many cheap used cars.
And leases are just permanent payments with 3-4k down at signing.
So say it's a 4 year lease, $300 a month is 17k+ and at the end you don't own the car... So you buy the lease out (new leases won't be good deals) or put another 3-4k down and sign a new lease.
Lease buyouts aren't normally a good deal, there was just a very brief window where the used market had a significant increase, a lease signed today will have a much la
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(4 replies)
Might be?
Big if true
Is that so?
this post was submitted on 22 Aug 2023
271 points (97.2% liked)
Fuck Cars
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