this post was submitted on 01 Dec 2025
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This is the only excuse for the massive inflation of new car prices vs. rate of wage increases over the decades. I will give auto engineers props for this accomplishment; cars are so much safer now than 30 years ago.
Dont sleep on either "many new cars are electric" or "cars last a fuckton longer".
Per-capira "total cost of ownership" for a car from purchase to retirement hasnt increased nearly as much as first-sale price would suggest. (Though the "financing cost" of the one-or-more transactions is a separate matter.)
Never buy new. Let someone else deal with the frequent hassle of getting all the problems fixed "under warranty" while the lemons get sent to salvage. Give me the vehicles that survive. Case in point, I bought my first car for $500, drove it for 24 years, and the biggest age-related expense was rebuilding the front end for $600. I sold the car in 2011 for $1000. I bought my current SUV in 2009 and the biggest mechanical failures have been replacing the power steering pump and the 4WD short axles.
I had a friend who insisted he needed to spend all his money buying new cars. He tried to tell me how much money he was saving because the dealership was fixing all the problems for free. I pointed out that he had barely even driven his new car because it was spending more time at the dealership every week or two and he was constantly wasting his own time taking it back for yet another problem.
Good advice, though not really germane to the topic.
Somebody has to buy the new cars for there to be used cars for you to buy, and the price you offer has to be more valuable to them than the car they're selling.
FWIW, A good argument for buying new isn't "look what the dealer's fixing", but rather "I don't want hidden surprises". Private party sales can very much be caveat emptor, and even getting a dealership to stand by their claims can be unprofitable.
That's what rich people are for -- to suffer for the benefit of the working class.
For the high end. Sure.
And poor, financially illiterate people buy up the low end.
But who buys the middle?
Imo that the sweet spot for leases. People who want modern safety/reliability/warranty, and resigned themselves to the fact that they'll always have a car payment if they prioritize these things.