When did $40,000 become the new $30,000?

[ovi8]

Originally Posted by sinatras

I think they are all leases, I think MOST Americans cannot afford to buy these cars and lease them instead.

Very true of a lot of luxury cars you see on the road but when it comes to buying a car, people can also have savings, not just the $60k salary from the previous year. That's why I don't believe in any formula to afford a $50k car. Too many people want instant gratification and don't work for it - like pull back on some expenses to save for a year or two to get what they want. Even if that's a car - it's not just an appliance for some people.

[John7777]

We now have higher prices for cars for several reasons. One reason is simply inflation. They've about doubled the money supply in the last ten years or so. Your money is worth less. Second, just about anyone with a pulse can qualify to buy a new car, and the loans are getting longer and longer. 72 months. 84 months. Given all that, the automakers have no impediment to raising prices, year after year.

So, if you've kept up with inflation, and you want a new car, great! If not? Time to look for a less expensive car.

[Yakscsd]

Originally Posted by notnamed

Yep but they've been making good cars for years now so what's wrong with that?

If you have to ask, then there's no point in me explaining. You likely won't get it.