With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
I can understand the lure of buying a new car. They’re neat and shiny and have features your car doesn’t. But it’s so wasteful and unnecessary. It’s not like upgrading a computer because it won’t work with any modern software and you won’t be able to use the internet. A model A Ford can drive on the same roads as a Tesla assuming it’s been maintained.
I can understand the lure of buying a new car. They’re neat and shiny and have features your car doesn’t. But it’s so wasteful and unnecessary. It’s not like upgrading a computer because it won’t work with any modern software and you won’t be able to use the internet. A model A Ford can drive on the same roads as a Tesla assuming it’s been maintained.
Macroeconomically, it’s not wasteful because cars find new life in resale. It’s definitely wasteful to your pocketbook to get a new car every 5 years.