Car prices increased terribly. Back a few years you could get a working used car for 400€, I’m now being told there’s nothing to be found for less than 2,000€.
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.
Car prices increased terribly. Back a few years you could get a working used car for 400€, I’m now being told there’s nothing to be found for less than 2,000€.
I’m not sure how a $2000 car could result in a $20,000 to $50,000 loan.
That’s the cheapest available used car in a cheap European country. I’m sure that gets to much higher prices in the US.
The .main point is that prices for used cars more than quadrupled in just a few years.
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.