My wife purchased a Subaru Legacy Premium new in 2018 with a MSRP of $23,000 and we looked at the exact same model but in 2024 because they added some safety features. The exact trim Premium for 2024 has a MSRP of $31,000k. That’s a 39% increase in 6 years. Same motor, looks nearly identical, just has collision detection and a better center console screen. We could have got those in the top trim in 2018 for $5k more.
You don’t really have to buy a new car though, do you? Especially not using a loan. Nearly everyone I know, young or old, poor or well-off has a second hand car.
Who wants to pay 9%+ interest on a car .
My wife purchased a Subaru Legacy Premium new in 2018 with a MSRP of $23,000 and we looked at the exact same model but in 2024 because they added some safety features. The exact trim Premium for 2024 has a MSRP of $31,000k. That’s a 39% increase in 6 years. Same motor, looks nearly identical, just has collision detection and a better center console screen. We could have got those in the top trim in 2018 for $5k more.
We’re getting shafted at all industries.
You don’t really have to buy a new car though, do you? Especially not using a loan. Nearly everyone I know, young or old, poor or well-off has a second hand car.