Quote:
Originally Posted by Autobahnschleicher
Why is the yearly increase lower for trucks?
Also "zoomer" came up a s a contrast to "boomer".
And these prices are out of range for my generation, there is no way a significant quantity of us could afford that kind of price.
|
Trucks have a lower increase because that is how the law was written. No logical reason for it - just the effect of lobbying by auto companies that make lots of money on trucks. That difference a key reason why automakers are dropping cars today in favor of crossovers that can be classified as a light truck.
The oldest Gen Z would be 25. They are just starting out in life so of course new cars are out of reach. New cars are a luxury item for when the finances are in order.
That said, all but one of the engineers I've mentored bought a new car with their 1st paycheck out of college. Lots of $40K to $50K cars and trucks. The 25 year old engineer that sits next to me is driving a 2021 Mercedes C300 AWD.
I can't say I blame them even though I always advise against it. I bought a new truck for my wife straight out of school - one of the biggest financial mistakes I made. I actually didn't even have to wait for my first paycheck. The dealership wrote me a loan based on my signing letter 3 months before I graduated and deferred payments for 4 months. Luckily I came to my senses at the age of 25 and started making better decisions. I dug a deep hole in those 3 years though. We had debt 3x our income at age 25 between the student loans, car loans, and house.
Quote:
Originally Posted by California98Civic
Check out the new and recent Chevy Spark and Mitsubishi Mirage. The Spark has a 5 speed manual and begins at $15k. It's 5th gear, final drive, and 15" wheels probably mean it revs fairly low for modern manuals at highway speeds, maybe 2300 or 2400 at 60 mph. Great simple driving appliance.
|
He lives in Germany. There is no shortage of efficient hatchbacks in Europe.