What percentage of people are buying new cars over used?
I make six figures, never bought a new car in my life and don't ever plan to. Most I've paid is $19K.
I make six figures, never bought a new car in my life and don't ever plan to. Most I've paid is $19K.
If batteries drop in price, even like 20%, a "rebuilt" used EV could be incredibly cheap as its operating costs and risks of drivetrain failure could be incredibly low. Coupled with reduced energy costs if charging gets ubiquitous for non-homeowners, it could be really nice.
[1] https://www.coxautoinc.com/market-insights/estimated-monthly...
[2] https://www.coxautoinc.com/news/cox-automotive-forecast-augu...
I bought two cars new, and with all the recalls and factory defects, (and ignoring price and depreciation) they were way worse than the used ones I’ve had experience with.
Yes, I'm in your demographic. Most I've ever paid for a car (a rare new one) was 20K. Nearly every car I've had (in over 30 years of having cars), I've bought for less than 10K.
I like cars and driving. But cars are a depreciating asset. Never worth spending much on. Buy the cheapest used one you can find.