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Getbig Main Boards => Gossip & Opinions => Topic started by: Palumboism on January 19, 2025, 08:19:21 AM

Title: Average New Car Price Hits $50K
Post by: Palumboism on January 19, 2025, 08:19:21 AM
It's amazing to see the average transaction price of some of these brands.  Genesis has surpassed Lexus and Audi.


https://www.carscoops.com/2025/01/new-car-transaction-prices-soar-toward-record-highs/ (https://www.carscoops.com/2025/01/new-car-transaction-prices-soar-toward-record-highs/)
Title: Re: Average New Car Price Hits $50K
Post by: GymnJuice on January 19, 2025, 08:45:30 AM
Big waste of money just to impress your neighbors.
Title: Re: Average New Car Price Hits $50K
Post by: 1Patrick on January 19, 2025, 09:03:15 AM
Big waste of money just to impress your neighbors.
X2
I knew a guy in Brooklyn that paid years ago 100 grand for M5 BMW and lived in projects .He  had been  watching beamer non stop from  the window since there was only street parking .Slave of his car.
Idiot could have got condo or co-op and today would pull crazy  profit .
Title: Re: Average New Car Price Hits $50K
Post by: MAXX on January 19, 2025, 09:16:42 AM
Just financial suicide for the avg person.
Avg salary is what, 50-60k in US..

High purchase price also means high insurance. Not to mention high maintenance costs.+ Everyone finance their cars so add the pay of interest...
.
Title: Re: Average New Car Price Hits $50K
Post by: BayGBM on January 19, 2025, 09:31:00 AM
Yes, it’s crazy… and does’t bode well of the middle and working classes.  What is even more unsettling is how the Chinese automakers are taking over.  China is now the largest car market in the world and 15 years ago they barely know how to make a car.  GM used to be ranked #1 in China sales raking in billions; today they are ranked 16th.  By partnering with GM, China learned how to make cars and they caught on quick.  Not only do they make compelling cars more than half the cars they sell are now electric.  Their capacity is too big for China alone so they have exported to Europe, Australia, and soon South America and Mexico.  The U.S. automakers cannot compete with the manufacturing capability of the Chinese so the U.S. is trying to build a moat, via tariffs, to keep the Chinese out of the American market but that is not going to work.  Their cheapest electric car starts at $10,000.

In 5-10 years virtually every car will be built by the Chinese (like most things in your home). The U.S. auto industry is dead… they just don’t know it yet.  There are several hundred car startups in China.  President Xi has said he wants that number reduced to 100 so elimination rounds are currently underway to see which companies survive.

https://www.nio.com/
https://www.byd.com/us
https://www.xpeng.com/
https://www.saicmotor.com/english/products/photos/index.shtml
https://www.leapmotor.net/uk

The merger between Nissan and Honda is a response to the rise of Chinese automakers.
https://www.reuters.com/markets/deals/honda-nissan-set-announce-launch-integration-talks-media-reports-say-2024-12-22/
Title: Re: Average New Car Price Hits $50K
Post by: Irongrip400 on January 19, 2025, 10:03:42 AM
It's amazing to see the average transaction price of some of these brands.  Genesis has surpassed Lexus and Audi.


https://www.carscoops.com/2025/01/new-car-transaction-prices-soar-toward-record-highs/ (https://www.carscoops.com/2025/01/new-car-transaction-prices-soar-toward-record-highs/)


Genesis has come a long way, best thing they did was become their own brand.


I will pay for comfort since I spend a lot of time in a vehicle. It needs to have all the bells and whistles for me. Only thing my truck doesn’t have that I wanted was massage seats but I wanted the HO power stroke quick and the build slot had me waiting an additional six months for king ranch or platinum so I did without. It was also another $10k over my tremor.
Title: Re: Average New Car Price Hits $50K
Post by: BB on January 19, 2025, 10:19:49 AM
X2
I knew a guy in Brooklyn that paid years ago 100 grand for M5 BMW and lived in projects .He  had been  watching beamer non stop from  the window since there was only street parking .

True. One of my buddies loved exotic cars and could afford them, but it was a non-stop mental drain. Every few months, one would be getting keyed, etc....

That being said, the average home price projection for the US is a hair under $500,000 for 2025. So $50,000 doesn't seem that off.

In 2000-2001, the average home price was around $210,000. Average new car price was a hair under $22,000.
Title: Re: Average New Car Price Hits $50K
Post by: IroNat on January 19, 2025, 10:22:09 AM
People are not buying these expensive cars, they are leasing them.
Title: Re: Average New Car Price Hits $50K
Post by: Palumboism on January 19, 2025, 10:26:41 AM


The merger between Nissan and Honda is a response to the rise of Chinese automakers.
https://www.reuters.com/markets/deals/honda-nissan-set-announce-launch-integration-talks-media-reports-say-2024-12-22/



Honda was late to the game in electric cars.  Their current electric vehicle is the Prolog, which is based on the GM Blazer ev and is actually selling well.  Honda was so displeased with working with GM that they were looking for another partner and chose Nissan ,which had a good head start on electrics with the Leaf.  Enter Foxcon (maker of Iphone) who wanted to get into electric cars an saw acquiring Nissan to be a great start.  Enter Nissan's incompetent management that has the company on the brink of bankruptcy.  Enter the Japanese government that's fed up with Nissan almost going bankrupt every decade due to incompetence. 

In the end, Honda was Told to acquire Nissan by the government.  Mitsubishi is part of the deal too. 

This whole saga started with Carlos Ghosn (previous Nissan CEO) escaping japan by hiding in a case.
Title: Re: Average New Car Price Hits $50K
Post by: Brenda Steunbeer on January 19, 2025, 11:36:52 AM
It's amazing to see the average transaction price of some of these brands.  Genesis has surpassed Lexus and Audi.


https://www.carscoops.com/2025/01/new-car-transaction-prices-soar-toward-record-highs/ (https://www.carscoops.com/2025/01/new-car-transaction-prices-soar-toward-record-highs/)


50K would not be any problem if second hand cars were affordable. Which in many markets they aren't. Used car prices have gone up enormously since all covid problems, and unfortunately have stayed high.

Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 19, 2025, 12:41:31 PM
I got a £40k car this week and it costs me £340 a month

3 year deal, take car back after 3 years, get another new one or buy it at a reduced price

Trouble free motoring no MOT all services on service package

No outlay on the car for 3 years
Title: Re: Average New Car Price Hits $50K
Post by: IroNat on January 19, 2025, 12:44:29 PM
I got a £40k car this week and it costs me £340 a month

3 year deal, take car back after 3 years, get another new one or buy it at a reduced price

Trouble free motoring no MOT all services on service package

No outlay on the car for 3 years

How many miles are you allowed before penalties/mileage surcharge?
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 19, 2025, 12:55:09 PM
How many miles are you allowed before penalties/mileage surcharge?
12 k a year.
Title: Re: Average New Car Price Hits $50K
Post by: IroNat on January 19, 2025, 12:57:34 PM
12 k a year.

That's good.
Title: Re: Average New Car Price Hits $50K
Post by: Palumboism on January 19, 2025, 01:06:00 PM
The average monthly car loan payment in the U.S. is $737 for new vehicles and $520 for used.

Americans have $1.64 Trillion in auto loan debt.

https://www.nerdwallet.com/article/loans/auto-loans/average-monthly-car-payment (https://www.nerdwallet.com/article/loans/auto-loans/average-monthly-car-payment)

https://www.lendingtree.com/auto/debt-statistics/ (https://www.lendingtree.com/auto/debt-statistics/)
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 19, 2025, 01:11:26 PM
My take on this is simple.

Get a car with money you can afford to pay outright.

Take a loan out on a small percentage - last car I got was $150k an we took a $25k loan at 1%. They looked at us as if we were nuts - everyone else was putting $10k down and financing the shit out of the rest over 6 years. Fuck that. Our financing lasts as long as the warranty - 5 years in this case.

That way - if they fuck you about - you stop paying the finance - and shit gets sorted quickly.

I leased once - would never do it again - on return I got a laundry list of "fixes" needed to restore it to it's original condition - it didn't have a scratch on it - we'd taken it for every service and ended up paying $3k to give the fucking thing back. And shit like "replacement bushes" - we paid you for 3 years of use - you expected us NOT to use it?

I dont like borrowing - but I do like leverage,
Title: Re: Average New Car Price Hits $50K
Post by: Rambone on January 19, 2025, 01:12:46 PM
In South FL, it’s amazing how many people with great incomes have very little money saved. Most of them fall victim to lifestyle creep while their incomes increases. It’s not unusual to see a 45-50 year old who makes $300K or more a year with less than $100K in equities. It’s insanity yet they’ll have a couple of $150-200K car all leased out, kids in private school and a giant mortgage. Couldn’t imagine living this way.
Title: Re: Average New Car Price Hits $50K
Post by: Mayday on January 19, 2025, 01:32:23 PM

My transition phases through cars:
*Daily Office commuting 10yrs ago = 2x $$$ cars on leases
*I started working from home 2018 = my car new and cheaper outright, M5 on lease
*Post pandemic M5 blew up and scrapped, bought Merc 63 outright
*Last year sold my car, bought smaller because I never used it. Sold Merc switched to Tesla Y Performance - EV savings are insane due to my huge 40kw home Solar = free fuel and no maintenance. Around 960/mth cheaper than Merc on run costs.

*2025…. My car is fuel in case of long trips. Turns out long trips we took the Tesla and realised petrol not required as a 2nd car. Will sell my car later this year and get a second Tesla.


Title: Re: Average New Car Price Hits $50K
Post by: Grape Ape on January 19, 2025, 01:35:09 PM
I have picked cars that I like that are two years old.  Dealers get flooded with inventory and you can get really good deals.   Last one I did got a 55k MDX for 28k.  Had about 30k miles and was mint condition.  Dealer even swapped the rims from another MDX he had on the lot, because they had so many and needed to get them out.

Last car I bought had 1000k miles and was like 12k cheaper.

Personally, not a car guy and don't give a shit about impressing anyone.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 19, 2025, 01:49:05 PM
My take on this is simple.

Get a car with money you can afford to pay outright.

Take a loan out on a small percentage - last car I got was $150k an we took a $25k loan at 1%. They looked at us as if we were nuts - everyone else was putting $10k down and financing the shit out of the rest over 6 years. Fuck that. Our financing lasts as long as the warranty - 5 years in this case.

That way - if they fuck you about - you stop paying the finance - and shit gets sorted quickly.

I leased once - would never do it again - on return I got a laundry list of "fixes" needed to restore it to it's original condition - it didn't have a scratch on it - we'd taken it for every service and ended up paying $3k to give the fucking thing back. And shit like "replacement bushes" - we paid you for 3 years of use - you expected us NOT to use it?

I dont like borrowing - but I do like leverage,

never buy anything you drive sail or fly
Title: Re: Average New Car Price Hits $50K
Post by: Dave D on January 19, 2025, 02:00:39 PM
I have picked cars that I like that are two years old.  Dealers get flooded with inventory and you can get really good deals.   Last one I did got a 55k MDX for 28k.  Had about 30k miles and was mint condition.  Dealer even swapped the rims from another MDX he had on the lot, because they had so many and needed to get them out.

Last car I bought had 1000k miles and was like 12k cheaper.

Personally, not a car guy and don't give a shit about impressing anyone.

I don’t think it’s people pick cars to impress others, anymore than people workout or buy certain brands or eat food or buy houses. People have different likes and goals and different reasons for doing whatever.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 19, 2025, 02:04:34 PM
I don’t think it’s people pick cars to impress others, anymore than people workout or buy certain brands or eat food or buy houses. People have different likes and goals and different reasons for doing whatever.
most people do things to impress others, its the reason 99.9% of bodybuilders pick up a weight

People might claim they do it for themselves but it isnt really

Getting up in the morning and showering is so other people dont percieve you as a smelly kunt
Title: Re: Average New Car Price Hits $50K
Post by: IroNat on January 19, 2025, 02:10:04 PM
I don’t think it’s people pick cars to impress others, anymore than people workout or buy certain brands or eat food or buy houses. People have different likes and goals and different reasons for doing whatever.

Of course thy do.  The car industry is built on ego.

Cars are a huge waste of money.

Our society requires having a car to get around but it doesn't require a luxury car to get around.

Cars are a depreciating asset. 

From a finacial standpoint buy the least expensive car that will do the job and drive it into the ground.
Title: Re: Average New Car Price Hits $50K
Post by: IroNat on January 19, 2025, 02:19:41 PM
most people do things to impress others, its the reason 99.9% of bodybuilders pick up a weight

People might claim they do it for themselves but it isnt really

Getting up in the morning and showering is so other people dont percieve you as a smelly kunt

Some people apply to law schools to impress others.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 19, 2025, 02:23:33 PM
Some people apply to law schools to impress others.

and some do it to try and show people who are way smarter than them that they are smarter.

 ;D
Title: Re: Average New Car Price Hits $50K
Post by: deadz on January 19, 2025, 02:58:10 PM

Genesis has come a long way, best thing they did was become their own brand.


I will pay for comfort since I spend a lot of time in a vehicle. It needs to have all the bells and whistles for me. Only thing my truck doesn’t have that I wanted was massage seats but I wanted the HO power stroke quick and the build slot had me waiting an additional six months for king ranch or platinum so I did without. It was also another $10k over my tremor.
Genesis is a fucking hyundai right, garbage.
Title: Re: Average New Car Price Hits $50K
Post by: MajorDomo on January 19, 2025, 03:22:47 PM
I buy Toyotas. Keep them for 150-200K miles. Then sell them. I can't believe how reliable they are and how much are still worth 10 years later.
Title: Re: Average New Car Price Hits $50K
Post by: IroNat on January 19, 2025, 03:52:19 PM
I buy Toyotas. Keep them for 150-200K miles. Then sell them. I can't believe how reliable they are and how much are still worth 10 years later.

Smart.
Title: Re: Average New Car Price Hits $50K
Post by: Bevo on January 19, 2025, 03:57:05 PM
Whatever car Bhanky buys, I follow him in doing the same. He bought a vette, I bought a vette.
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 19, 2025, 04:59:01 PM
never buy anything you drive sail or fly

At the time I got that $150k car, I was earning $50k a month,

What exactly is the issue with that?
Title: Re: Average New Car Price Hits $50K
Post by: Dave D on January 19, 2025, 05:03:16 PM
most people do things to impress others, its the reason 99.9% of bodybuilders pick up a weight

People might claim they do it for themselves but it isnt really

Getting up in the morning and showering is so other people dont percieve you as a smelly kunt

If that was/is your motivation there’s nothing wrong with it. I started to lift for myself and along the way I enjoyed the “attention”, but I still keep at it because I enjoy it.

I guess my point was if no one cared about what anyone else thought we wouldn’t be posting about not caring what others think while explaining what and why we bought whatever.  I think I do a lot of things for myself but I’m sure the underlying motivation is much deeper.

Title: Re: Average New Car Price Hits $50K
Post by: Mayday on January 19, 2025, 05:34:42 PM
I don’t think it’s people pick cars to impress others, anymore than people workout or buy certain brands or eat food or buy houses. People have different likes and goals and different reasons for doing whatever.

Yes, We all do it. Human nature of competition.

We have some family members compete with us and the emotional toll it has taken on them is astounding.

Although I personally view competition from a separation point of view. Money is a tool used to try and get away from people 😂  many ‘things’ don’t really do a good job of that, cars is one. Whether 200k, 100k, 50k I can park in valet. So who cares 🤷
Title: Re: Average New Car Price Hits $50K
Post by: obsidian on January 19, 2025, 06:07:53 PM
(https://pbs.twimg.com/media/GIj1HzzXMAAE8BV?format=jpg&name=900x900)
Title: Re: Average New Car Price Hits $50K
Post by: obsidian on January 19, 2025, 06:10:32 PM
most people do things to impress others, its the reason 99.9% of bodybuilders pick up a weight

People might claim they do it for themselves but it isnt really

Getting up in the morning and showering is so other people dont percieve you as a smelly kunt
I've moved beyond that stage. When you die or those you tried to impress die it all means nothing. Nobody is going to remember you or what car you drove when they are dead. And same goes for you. Once we are dead it all loses meaning.
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 19, 2025, 09:29:38 PM
I've moved beyond that stage. When you die or those you tried to impress die it all means nothing. Nobody is going to remember you or what car you drove when they are dead. And same goes for you. Once we are dead it all loses meaning.

Fuck that.

Money = fun tokens. It's the money you can't take with you. Spend it unwisely. Go from 0-60 in 3.5 seconds in a car the size of a go kart.

OR - keep it in the bank and let them have all the fun
Title: Re: Average New Car Price Hits $50K
Post by: Humble Narcissist on January 20, 2025, 12:31:37 AM
never buy anything you drive sail or fly
Or fuck.
Title: Re: Average New Car Price Hits $50K
Post by: Brenda Steunbeer on January 20, 2025, 12:33:28 AM
People are not buying these expensive cars, they are leasing them.


In the US some very attractive lease deals:


https://www.thedrive.com/news/the-65850-acura-zdx-is-now-cheaper-to-lease-than-a-36k-cr-v-hybrid
Title: Re: Average New Car Price Hits $50K
Post by: US MUSL on January 20, 2025, 01:57:57 AM
Fuck that.

Money = fun tokens. It's the money you can't take with you. Spend it unwisely. Go from 0-60 in 3.5 seconds in a car the size of a go kart.

OR - keep it in the bank and let them have all the fun

This! I've spent alot of money on cars over the years. Currently have 4 vehicles.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 20, 2025, 02:27:14 AM
At the time I got that $150k car, I was earning $50k a month,

What exactly is the issue with that?
maybe the issue was the need to take a $25k loan out in order to buy it? (I know it was only 1|% as you said but you must have needed it)

Its not like you had Andrew Tates money buying a Bugatti and a Ferrari on the same day for cash
Title: Re: Average New Car Price Hits $50K
Post by: GymnJuice on January 20, 2025, 07:30:22 AM
I buy Toyotas. Keep them for 150-200K miles. Then sell them. I can't believe how reliable they are and how much are still worth 10 years later.

#TeamCheapJapaneseShitbox
Title: Re: Average New Car Price Hits $50K
Post by: MajorDomo on January 20, 2025, 10:20:20 AM
#TeamCheapJapaneseShitbox

lol - I  get it. Your manhood is dependent on what kind of car you drive. Totally understandable.
Title: Re: Average New Car Price Hits $50K
Post by: obsidian on January 20, 2025, 12:56:32 PM
Fuck that.

Money = fun tokens. It's the money you can't take with you. Spend it unwisely. Go from 0-60 in 3.5 seconds in a car the size of a go kart.

OR - keep it in the bank and let them have all the fun
Been there done that. I have spent money on a ton of shit. I am just at the point where I don't give a fuck what people think of me. Their opinions are irrelevant in the grand scheme of things.
Title: Re: Average New Car Price Hits $50K
Post by: sync pulse on January 20, 2025, 06:13:02 PM

The number one hint on a car's reliability over time is to get one with a naturally aspirated engine...

My 2003 Vr6 Golf GTI lasted 250,000 miles...
Title: Re: Average New Car Price Hits $50K
Post by: GymnJuice on January 21, 2025, 06:22:07 AM
lol - I  get it. Your manhood is dependent on what kind of car you drive. Totally understandable.

No, I drive a cheap Japanese shitbox  ;D
Title: Re: Average New Car Price Hits $50K
Post by: Irongrip400 on January 21, 2025, 09:20:30 AM
The number one hint on a car's reliability over time is to get one with a naturally aspirated engine...

My 2003 Vr6 Golf GTI lasted 250,000 miles...


Knock on wood but I have many diesel work trucks that are between 200-300k miles. The gas powered eco boosts are the ones that give me the issues.
Title: Re: Average New Car Price Hits $50K
Post by: Humble Narcissist on January 22, 2025, 12:07:47 AM
This! I've spent alot of money on cars over the years. Currently have 4 vehicles.
Why?
Title: Re: Average New Car Price Hits $50K
Post by: Brenda Steunbeer on January 22, 2025, 07:55:27 AM
The number one hint on a car's reliability over time is to get one with a naturally aspirated engine...

My 2003 Vr6 Golf GTI lasted 250,000 miles...


Turbo charged engines can be very reliable. Just depends on the brand and model. And changing oil more frequent than the manufacturer states is advised. Oil & filter = cheap, turbo & engine = expensive.

In countries with high fuel prices a turbo engine can save money, they don't need to rev as much.

Title: Re: Average New Car Price Hits $50K
Post by: Irongrip400 on January 22, 2025, 03:51:03 PM
I just got back from a Mecum auction and one thing I can say is, that eventually whatever you’re driving now will be worth more than what you paid for it.
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 22, 2025, 06:02:31 PM
maybe the issue was the need to take a $25k loan out in order to buy it? (I know it was only 1|% as you said but you must have needed it)

Its not like you had Andrew Tates money buying a Bugatti and a Ferrari on the same day for cash

No - you have reading comprehension issues.

I put down $125k, I 'borowed' $25k at a rate way less than I was earning in the markets. It was partly an arbitrage trade. I get 10-12% return on my alternative investments and this is a 1% loan. Do the math.

Trouble is - cars can be unreliable and dealers might not help. It was an imported car too. And it's a BMW - they are full of new tech and kinda break down a bit/

Having a loan on a car - even a small one  - means you can stop paying it if shit goes wrong and the dealer lets you down.

So you stop paying the finance - explain to the finance company the reason why - and they will get on the dealers case - because the dealer will have a LOT of loans with that company - they don't want to see customers refusing to pay. Not even one.

So yeah - it was a loan at a percentage lower than my investment returns. It gave me the peace of mind to know that if the dealer fucked with me - I had a way to fuck with them back.

This is just basic street smarts. For a high IQ person who can't tie their own shoelaces - I can see it being hard to understand that a loan may be taken out for reasons other than needing the money.
Title: Re: Average New Car Price Hits $50K
Post by: King Shizzo on January 22, 2025, 09:42:42 PM
No - you have reading comprehension issues.

I put down $125k, I 'borowed' $25k at a rate way less than I was earning in the markets. It was partly an arbitrage trade. I get 10-12% return on my alternative investments and this is a 1% loan. Do the math.

Trouble is - cars can be unreliable and dealers might not help. It was an imported car too. And it's a BMW - they are full of new tech and kinda break down a bit/

Having a loan on a car - even a small one  - means you can stop paying it if shit goes wrong and the dealer lets you down.

So you stop paying the finance - explain to the finance company the reason why - and they will get on the dealers case - because the dealer will have a LOT of loans with that company - they don't want to see customers refusing to pay. Not even one.

So yeah - it was a loan at a percentage lower than my investment returns. It gave me the peace of mind to know that if the dealer fucked with me - I had a way to fuck with them back.

This is just basic street smarts. For a high IQ person who can't tie their own shoelaces - I can see it being hard to understand that a loan may be taken out for reasons other than needing the money.
This strategy may work in third world countries.....
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 23, 2025, 04:18:03 PM
This strategy may work in third world countries.....

100%!

I live in Thailand - wouldn't really call it 3rd world any more - maybe 'developing' - but it's a better place to live than UK.

There are consumer protection bureaus and the like - but that's government - and who wants to rely on government?
Title: Re: Average New Car Price Hits $50K
Post by: Humble Narcissist on January 24, 2025, 01:47:05 AM
100%!

I live in Thailand - wouldn't really call it 3rd world any more - maybe 'developing' - but it's a better place to live than UK.

There are consumer protection bureaus and the like - but that's government - and who wants to rely on government?
The women are definitely better.
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 24, 2025, 10:09:33 AM
The women are definitely better.

Well, the cars aren't - and that's the important thing
Title: Re: Average New Car Price Hits $50K
Post by: Dave D on January 24, 2025, 10:18:54 AM
Well, the cars aren't - and that's the important thing

Do they have electric women? Or are they using they fossil fuel options?
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 24, 2025, 06:29:06 PM
Do they have electric women? Or are they using they fossil fuel options?

Powered by Chilli.
Title: Re: Average New Car Price Hits $50K
Post by: Humble Narcissist on January 25, 2025, 12:40:43 AM
Do they have electric women? Or are they using they fossil fuel options?
They are being made in China right now.
Title: Re: Average New Car Price Hits $50K
Post by: Palumboism on January 26, 2025, 03:14:02 PM
The 2024 used car market grew to 16.8 million units.

Average used car price is $25,721.



https://www.carscoops.com/2025/01/used-car-sales-in-2004-jump-4-3-to-16-8-million/ (https://www.carscoops.com/2025/01/used-car-sales-in-2004-jump-4-3-to-16-8-million/)
Title: Re: Average New Car Price Hits $50K
Post by: ThisisOverload on January 27, 2025, 07:30:56 PM
I just got back from a Mecum auction and one thing I can say is, that eventually whatever you’re driving now will be worth more than what you paid for it.

Only certain niche cars that are in perfect condition and low milage.

I have a very rare Z06 Vette and it's not appreciating at all. $98k sticker and resale is about $35-40k.

And there were only about 300 made with my exact specs.

May when I'm 90.
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on January 27, 2025, 11:54:28 PM
I got a Z4 M40i here in Thailand.

Appreciates in price - but for some reason - only in the hairdresser community.
Title: Re: Average New Car Price Hits $50K
Post by: ThisisOverload on January 29, 2025, 07:38:14 PM
I got a Z4 M40i here in Thailand.

Appreciates in price - but for some reason - only in the hairdresser community.

Car appreciation is strange.

A friend of mine has a DeLorean that is mint condition with about 4k miles.

It's a complete piece of shit car but is only famous due to Back ot the Future movies.

He's had people offer him over $100k for it at car shows.
Title: Re: Average New Car Price Hits $50K
Post by: King Shizzo on January 29, 2025, 10:42:56 PM
Car appreciation is strange.

A friend of mine has a DeLorean that is mint condition with about 4k miles.

It's a complete piece of shit car but is only famous due to Back ot the Future movies.

He's had people offer him over $100k for it at car shows.
It's a collector's item. Just like how absolutely insane the trading card industry is right now. It's become basically another form of gambling. Something is only worth what the market dictates and what someone else is willing to pay for it.
Title: Re: Average New Car Price Hits $50K
Post by: Irongrip400 on January 30, 2025, 02:33:23 PM
It's a collector's item. Just like how absolutely insane the trading card industry is right now. It's become basically another form of gambling. Something is only worth what the market dictates and what someone else is willing to pay for it.


Our generation is getting older and more financially set. We therefore have the money to buy the things from our youth. Nostalgia drives the prices. It’s why old furniture isn’t worth shit anymore. Young generation doesn’t want it.
Title: Re: Average New Car Price Hits $50K
Post by: ThisisOverload on January 30, 2025, 08:14:35 PM
It's a collector's item. Just like how absolutely insane the trading card industry is right now. It's become basically another form of gambling. Something is only worth what the market dictates and what someone else is willing to pay for it.

Yeah, I'm just saying you won't know how much a new car will appreciate when you buy it.

The people who have these rare cars either got insanely lucky or paid overpriced rates for them as a collector.

Buying a new car will never be considered an investment, 99.999999999% of the time. It's a big waste of money.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 31, 2025, 05:50:46 AM
Yeah, I'm just saying you won't know how much a new car will appreciate when you buy it.

The people who have these rare cars either got insanely lucky or paid overpriced rates for them as a collector.

Buying a new car will never be considered an investment, 99.999999999% of the time. It's a big waste of money.

Ford Sierra Cosworth was around 10k new back in the 80s, if you still have one today it can go for £100k
https://www.autotrader.co.uk/car-details/202408193034928?sort=relevance&searchId=33646f18-685b-4641-b230-d85b94e21b7e&advertising-location=at_cars&make=Ford&model=Sierra&page=1&postcode=m29%207hf&fromsra
Title: Re: Average New Car Price Hits $50K
Post by: Brenda Steunbeer on January 31, 2025, 07:19:02 AM
Ford Sierra Cosworth was around 10k new back in the 80s, if you still have one today it can go for £100k
https://www.autotrader.co.uk/car-details/202408193034928?sort=relevance&searchId=33646f18-685b-4641-b230-d85b94e21b7e&advertising-location=at_cars&make=Ford&model=Sierra&page=1&postcode=m29%207hf&fromsra


Could be a fantasy price, hoping some idiot shows up and overpays for that pos car.
Mobile gives lower asking prices, but with higher mileage:

https://suchen.mobile.de/fahrzeuge/search.html?dam=false&door=TWO_OR_THREE&isSearchRequest=true&ms=9000%3B36%3B%3Bcosworth&od=up&ref=dsp&s=Car&sb=p&vc=Car

Title: Re: Average New Car Price Hits $50K
Post by: illuminati on January 31, 2025, 10:51:56 AM
Yeah, I'm just saying you won't know how much a new car will appreciate when you buy it.

The people who have these rare cars either got insanely lucky or paid overpriced rates for them as a collector.

Buying a new car will never be considered an investment, 99.999999999% of the time. It's a big waste of money.

There's a lot out there that would disagree with you & have made
plenty of money out of buying the right cars.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on January 31, 2025, 11:35:31 AM

Could be a fantasy price, hoping some idiot shows up and overpays for that pos car.
Mobile gives lower asking prices, but with higher mileage:

https://suchen.mobile.de/fahrzeuge/search.html?dam=false&door=TWO_OR_THREE&isSearchRequest=true&ms=9000%3B36%3B%3Bcosworth&od=up&ref=dsp&s=Car&sb=p&vc=Car
different models are rarer 2 door escpecially rare

I could have bought one for £1k in 1996 but it was a "ringer" and I couldnt take the chance because of my job

If I still had it it would be up at £75k today
Title: Re: Average New Car Price Hits $50K
Post by: _bruce_ on January 31, 2025, 12:40:29 PM
New cars are pretty ugly and the interior kinda looks like an abortion from star trek - who's paying money for such retarded mobilo-trons... are people really that much into Judge Dredd aesthetics...  :(
Title: Re: Average New Car Price Hits $50K
Post by: King Shizzo on January 31, 2025, 12:47:17 PM
New cars are pretty ugly and the interior kinda looks like an abortion from star trek - who's paying money for such retarded mobilo-trons... are people really that much into Judge Dredd aesthetics...  :(
Yeah like the Ford Bronco. They made a big deal about the relaunch, but the lines are too smooth and it looks like it's meant for soccer moms. Don't even get me started on the new Dodge Daytona electric  ::)

I miss the days of Ronnie Coleman collecting gas guzzling, Hummers, after winning the Arnold Classic.
Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on February 01, 2025, 04:12:30 PM
Ford Sierra Cosworth was around 10k new back in the 80s, if you still have one today it can go for £100k
https://www.autotrader.co.uk/car-details/202408193034928?sort=relevance&searchId=33646f18-685b-4641-b230-d85b94e21b7e&advertising-location=at_cars&make=Ford&model=Sierra&page=1&postcode=m29%207hf&fromsra

With a WHOPPING 204hp and a 0-60 time of 6.5 seconds.

Great if you want to impress your woman at the lights by pulling away from an ice cream van.

That is not a sports car.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on February 01, 2025, 04:19:22 PM
With a WHOPPING 204hp and a 0-60 time of 6.5 seconds.

Great if you want to impress your woman at the lights by pulling away from an ice cream van.

That is not a sports car.
it was in the 80s when it came out, plus you could get them chiped to increase the BHP
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Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on February 01, 2025, 04:24:20 PM
New cars are pretty ugly and the interior kinda looks like an abortion from star trek - who's paying money for such retarded mobilo-trons... are people really that much into Judge Dredd aesthetics...  :(

Some cars still have good interiors

Mine's in the shop at the moment having a touch-up as it's 4 years old - a few scratches removed, alloy wheel repair - just did the same for the wife's - this pic of the interior doesn't doto it justice - but it's close enough.

I really love this interior. I think it's modern, yet classy - literally the complete opposite of myself?

Title: Re: Average New Car Price Hits $50K
Post by: ElPolloSalmonello on February 01, 2025, 04:34:01 PM
it was in the 80s when it came out, plus you could get them chiped to increase the BHP
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To what? 300? lol

My wife's car is a simple twin-turbo 3.0 V6 with close to 400hp and does 0-60 in 3.7s - and it's a fucking hairdresser's car.

The ride is better, it's more reliable, it handles better, it's got an amazing sound system (not a cassette player), it's got 100s more features. It sounds like a rocket and it was CHEAPER than that piece of shit Cosworth.

You get what you pay for - unless it's a UK working-class "sporty" Ford from the 90s. So I would include
- Sierra
- Escort (yes - even that convertible junk) Mk1 onwards, and that XR3i was shite
- Fiesta - might as well have been called Siesta for the performance
- Capri
- Cortina

I mean - just look at the fucking junk on here: https://www.ebay.co.uk/b/bn_2316284

Now - when it comes to classic American Fords (and I am from UK) - like old Mustangs and the like - they may not have the performance, they may only go in straight lines -  but they made some beautiful cars. Europe just got the shite.
Title: Re: Average New Car Price Hits $50K
Post by: joswift on February 01, 2025, 04:38:06 PM
To what? 300? lol

My wife's car is a simple twin-turbo 3.0 V6 with close to 400hp and does 0-60 in 3.7s - and it's a fucking hairdresser's car.

The ride is better, it's more reliable, it handles better, it's got an amazing sound system (not a cassette player), it's got 100s more features. It sounds like a rocket and it was CHEAPER than that piece of shit Cosworth.

You get what you pay for - unless it's a UK working-class "sporty" Ford from the 90s. So I would include
- Sierra
- Escort (yes - even that convertible junk) Mk1 onwards, and that XR3i was shite
- Fiesta - might as well have been called Siesta for the performance
- Capri
- Cortina

I mean - just look at the fucking junk on here: https://www.ebay.co.uk/b/bn_2316284

Now - when it comes to classic American Fords (and I am from UK) - like old Mustangs and the like - they may not have the performance, they may only go in straight lines -  but they made some beautiful cars. Europe just got the shite.

730bhp...



Of course they are not as good as a new car, they are old collectors items and people pay big money for them, that was the point of my original post
Title: Re: Average New Car Price Hits $50K
Post by: Skeletor on February 01, 2025, 04:41:03 PM
Ford Sierra Cosworth was around 10k new back in the 80s, if you still have one today it can go for £100k
https://www.autotrader.co.uk/car-details/202408193034928?sort=relevance&searchId=33646f18-685b-4641-b230-d85b94e21b7e&advertising-location=at_cars&make=Ford&model=Sierra&page=1&postcode=m29%207hf&fromsra

Some of the homologation special cars can fetch good money if they are very low miles, unmodified and and in excellent condition. For example a Lancia Delta S4 Stradale fetched 1 million euros in 2019. This Sierra Cosworth while not a very limited production car appears to be unmodified, low miles and very clean so it might sell for that, if offered at some international auction.
Title: Re: Average New Car Price Hits $50K
Post by: Brenda Steunbeer on February 02, 2025, 12:00:35 AM
Some of the homologation special cars can fetch good money if they are very low miles, unmodified and and in excellent condition. For example a Lancia Delta S4 Stradale fetched 1 million euros in 2019. This Sierra Cosworth while not a very limited production car appears to be unmodified, low miles and very clean so it might sell for that, if offered at some international auction.


I find youngtimers way more interesting and appealing than most 2025 cars. But somehow it's odd that turbocharged engined olders cars are now worth gold. Naturally aspirated engines are getting very scarce, so you'd think they would have the highest value?

People now seem to pay way more money for sportscars / supercars without turbos, than for the models that are turbocharged. F40 seems to be an exception. Ferrari at them moment has a serious resale value problem with their overcomplicated hybrid turbo models.