Even in Europe it is quite difficult to find a new car for less than 20,000€. If you need a car because you just found a job which is far and you need to ride to get there, taking a loan is your only option.
I guess you can buy a used car, but likely you can not apply to a loan for that and definitely the loan will not cover the necessary repairs to get it to a working state.
…yeah? I’m not sure where the disconnect is here, you mentioned doing this above for 1/10th the price of a cheap new car. I’m also not sure why you assume a used vehicle will need immediate financial contribution to make it get you from point A to B. Used cars are usually sold running and driving.
In my experience, used cars always need immediate repairs to get them running. That is what I’d expect from a car I’d pay 2,000€ now. I’d assume an immediate payment of another 2,000€ in repairs to get it running. Probably you can run it immediately, but with several problems which will quickly deteriorate its life span if you don’t do that.
It would be different if you were to buy a refurbished car, but those are more expensive.
The difference in price anyway accounts for the high difference in prices between my country and most parts of the US. I live in a cheap European country, the US is way more expensive. I do not know car prices in the US, but if price difference with other things I do know of stands, I would not be surprised for a 50%-100% increase in prices compared to the ones I know.
I bought a crown vic for 2200USD with 220000 miles on it 4 years ago (peak covid pricing) and have had to put like a hundred bucks into it, aside from normal maintenance. I bought a Subaru Loyale for 1800 bucks with 230000 miles 3 years ago (still peak covid pricing), and it’s been flawless aside from the massive oil leak that I had to top off at about a quart ever 150 miles. I also pulled the engine and replaced the rear main seal, but you wouldn’t have had to.
When you buy a used car, you should definitely save up over time in case something happens, but most vehicles I’ve bought haven’t need anything for thousands of miles.
Oh, that is great pricing then compared to what I’m seeing now. However, in here 4 years ago car prices were much lower, even during COVID.
I’ll explain a few things which may not be obvious. When I say lowest price available I mean you’re buying a car which is over 20 years old directly from the owner. The most likely reason the owner is selling it is that it needs some repairs, and he decided he does not want to bother and is getting a new one.
Repairs will likely be 1,000€ upfront, you may be lucky and spend a little less; but that is unlikely.
Someone may consider that it may be worth spending a bit more in order to get a more reliable car with a longer life.
Car prices went up very much: my mother bought a car for 500€ 8 years ago and is now considering selling it for 3,000€.
I don’t know whether this is the same in the US, it may very well be that people just want new shiny cars.
In here, I know many people who have been working for over 20 years who wish to change car but are now screwed because it is not feasible with their finances.
That’s very true, however the person you were replying to was talking about people making the choice to take out a 20,000 dollar loan on a car.
Even in Europe it is quite difficult to find a new car for less than 20,000€. If you need a car because you just found a job which is far and you need to ride to get there, taking a loan is your only option.
I guess you can buy a used car, but likely you can not apply to a loan for that and definitely the loan will not cover the necessary repairs to get it to a working state.
…yeah? I’m not sure where the disconnect is here, you mentioned doing this above for 1/10th the price of a cheap new car. I’m also not sure why you assume a used vehicle will need immediate financial contribution to make it get you from point A to B. Used cars are usually sold running and driving.
In my experience, used cars always need immediate repairs to get them running. That is what I’d expect from a car I’d pay 2,000€ now. I’d assume an immediate payment of another 2,000€ in repairs to get it running. Probably you can run it immediately, but with several problems which will quickly deteriorate its life span if you don’t do that.
It would be different if you were to buy a refurbished car, but those are more expensive.
The difference in price anyway accounts for the high difference in prices between my country and most parts of the US. I live in a cheap European country, the US is way more expensive. I do not know car prices in the US, but if price difference with other things I do know of stands, I would not be surprised for a 50%-100% increase in prices compared to the ones I know.
I bought a crown vic for 2200USD with 220000 miles on it 4 years ago (peak covid pricing) and have had to put like a hundred bucks into it, aside from normal maintenance. I bought a Subaru Loyale for 1800 bucks with 230000 miles 3 years ago (still peak covid pricing), and it’s been flawless aside from the massive oil leak that I had to top off at about a quart ever 150 miles. I also pulled the engine and replaced the rear main seal, but you wouldn’t have had to.
When you buy a used car, you should definitely save up over time in case something happens, but most vehicles I’ve bought haven’t need anything for thousands of miles.
Oh, that is great pricing then compared to what I’m seeing now. However, in here 4 years ago car prices were much lower, even during COVID.
I’ll explain a few things which may not be obvious. When I say lowest price available I mean you’re buying a car which is over 20 years old directly from the owner. The most likely reason the owner is selling it is that it needs some repairs, and he decided he does not want to bother and is getting a new one. Repairs will likely be 1,000€ upfront, you may be lucky and spend a little less; but that is unlikely.
Someone may consider that it may be worth spending a bit more in order to get a more reliable car with a longer life.
Car prices went up very much: my mother bought a car for 500€ 8 years ago and is now considering selling it for 3,000€.
I don’t know whether this is the same in the US, it may very well be that people just want new shiny cars. In here, I know many people who have been working for over 20 years who wish to change car but are now screwed because it is not feasible with their finances.