Why must the cars cost so much. I would love to buy a new, but they cost too much. I can't see buying a car that cost more than $20, 000. That is just too much to get for a depreciating item. There are some great cars out there that I would love to have.
The cars cost too much and then you add on the crazy interest rates, down payment, selling your loan, & warranty cost. That is just too much debt to take on when your pay checks are just getting smaller. When you think about it you lost at least 25 percent of your income to taxes & at least 30 percent to living expenses. Now don't forget you still have to TRY to save for your retirement. you need to put away at least 10 percent of your income if you want to survive your retirement not going broke. then you add food, clothing, health care, insurance, & etc that is about another 20 percent. So you have already lost at least 75 percent of your income to things your need to pay for. So you are left with about 25 percent of you pay check. you still want to have some fun and do things with your family and friends.
That is not much money left. I just can't see wasting a large portion of my money on some that is just going to be worth less everyday. At least you could try to sell your house and get some of your money back. If you buy a $20,000 car that is at least a $400 a month car note or car debt. That is a lot of money for me and I think I have a pretty good job . Most people out there do not have a job making the money I make, so how can they spend that much money on a car. Now if you get a car that cost more than that the price just get out of control. For some this is a 3 to 5 year debt.
Why are we not making car more affordable. We do not need any cars that are 300, 400, 500 horse power. We don't need any car that go over 90 mph. The speed limit max is 70 mph. Most family cars & vans are going to run at least $20,000 base. That does not make since to me. Most family have less money now days. Why can't we make some simple, safe, affordable vehicles. It maybe I am just asking too much, maybe I am just wanting too much. Most vehicles loose 5 percent of it's value once you drive off the lot. This just do not make since to me.
Why must cars cost so much.
